Mackenzie Financial Corp Grows Position in Albertsons Companies, Inc. $ACI

Mackenzie Financial Corp boosted its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 124.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,548 shares of the company’s stock after purchasing an additional 102,724 shares during the period. Mackenzie Financial Corp’s holdings in Albertsons Companies were worth $3,991,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ACI. Peddock Capital Advisors LLC grew its stake in shares of Albertsons Companies by 1.9% during the second quarter. Peddock Capital Advisors LLC now owns 26,567 shares of the company’s stock valued at $571,000 after buying an additional 504 shares during the last quarter. Mason Investment Advisory Services Inc. boosted its holdings in Albertsons Companies by 0.7% during the 2nd quarter. Mason Investment Advisory Services Inc. now owns 78,586 shares of the company’s stock valued at $1,690,000 after acquiring an additional 524 shares during the period. ProShare Advisors LLC boosted its holdings in Albertsons Companies by 3.4% during the 2nd quarter. ProShare Advisors LLC now owns 17,870 shares of the company’s stock valued at $384,000 after acquiring an additional 592 shares during the period. Verdence Capital Advisors LLC increased its stake in Albertsons Companies by 0.8% in the second quarter. Verdence Capital Advisors LLC now owns 83,260 shares of the company’s stock worth $1,791,000 after purchasing an additional 623 shares during the period. Finally, Fifth Third Bancorp increased its stake in Albertsons Companies by 20.9% in the second quarter. Fifth Third Bancorp now owns 3,624 shares of the company’s stock worth $78,000 after purchasing an additional 627 shares during the period. Institutional investors own 71.35% of the company’s stock.

Insiders Place Their Bets

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $19.25, for a total transaction of $4,427,500.00. Following the completion of the sale, the insider directly owned 300,577 shares of the company’s stock, valued at approximately $5,786,107.25. This represents a 43.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael T. Theilmann sold 100,000 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the completion of the sale, the executive vice president owned 338,429 shares in the company, valued at $6,548,601.15. This represents a 22.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.35% of the company’s stock.

Albertsons Companies Trading Down 1.6%

NYSE:ACI opened at $17.65 on Friday. The firm has a 50-day simple moving average of $18.01 and a 200-day simple moving average of $19.54. Albertsons Companies, Inc. has a one year low of $16.70 and a one year high of $23.20. The firm has a market cap of $9.69 billion, a P/E ratio of 10.44, a P/E/G ratio of 2.92 and a beta of 0.49. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.20 and a current ratio of 0.81.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $18.92 billion for the quarter, compared to analyst estimates of $18.89 billion. Albertsons Companies had a net margin of 1.20% and a return on equity of 36.39%. Albertsons Companies’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, October 24th. Albertsons Companies’s dividend payout ratio is 35.50%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ACI shares. Telsey Advisory Group reissued an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, October 15th. Wall Street Zen cut shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Wells Fargo & Company dropped their target price on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Albertsons Companies in a research note on Thursday, October 30th. Finally, UBS Group lowered their price target on Albertsons Companies from $27.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.43.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.