Albertsons Companies, Inc. $ACI Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its position in Albertsons Companies, Inc. (NYSE:ACI) by 68.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 874,631 shares of the company’s stock after acquiring an additional 354,291 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of Albertsons Companies worth $15,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its stake in Albertsons Companies by 130.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock worth $26,000 after purchasing an additional 827 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Albertsons Companies by 98.4% in the second quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock worth $37,000 after buying an additional 844 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Albertsons Companies in the second quarter worth about $43,000. Employees Retirement System of Texas acquired a new position in Albertsons Companies during the second quarter worth about $53,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Albertsons Companies during the 2nd quarter valued at about $54,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock opened at $16.67 on Wednesday. The firm has a market cap of $8.56 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 0.52 and a beta of 0.48. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 3.36. Albertsons Companies, Inc. has a 52 week low of $15.80 and a 52 week high of $23.20. The business’s fifty day simple moving average is $17.38 and its 200-day simple moving average is $18.30.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Wednesday, January 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $19.12 billion during the quarter, compared to the consensus estimate of $19.18 billion. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Equities analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, January 23rd. Albertsons Companies’s payout ratio is 38.71%.

Insider Activity at Albertsons Companies

In related news, EVP Michael T. Theilmann sold 49,000 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total transaction of $863,870.00. Following the completion of the transaction, the executive vice president owned 289,429 shares of the company’s stock, valued at approximately $5,102,633.27. This trade represents a 14.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group reissued an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. UBS Group reduced their price objective on Albertsons Companies from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft started coverage on Albertsons Companies in a research note on Thursday, January 8th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.92.

Albertsons Companies Company Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.