85,234 Shares in Albertsons Companies, Inc. $ACI Acquired by AlphaQuest LLC

AlphaQuest LLC acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 85,234 shares of the company’s stock, valued at approximately $1,492,000.

A number of other hedge funds have also modified their holdings of the business. Goldman Sachs Group Inc. raised its position in Albertsons Companies by 109.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,542,468 shares of the company’s stock valued at $33,919,000 after purchasing an additional 806,336 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Albertsons Companies in the first quarter valued at about $1,090,000. ASR Vermogensbeheer N.V. grew its holdings in shares of Albertsons Companies by 60.3% during the second quarter. ASR Vermogensbeheer N.V. now owns 112,397 shares of the company’s stock worth $2,418,000 after buying an additional 42,266 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Albertsons Companies during the 2nd quarter worth approximately $54,000. Finally, Highland Capital Management LLC purchased a new position in shares of Albertsons Companies in the 2nd quarter valued at approximately $264,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Stock Up 0.4%

ACI opened at $16.65 on Friday. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.50 and a beta of 0.48. Albertsons Companies, Inc. has a one year low of $15.80 and a one year high of $23.20. The business’s fifty day moving average is $17.31 and its two-hundred day moving average is $18.22. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91.

Albertsons Companies (NYSE:ACI) last announced its earnings results 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. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. The company had revenue of $19.12 billion during the quarter, compared to analysts’ expectations of $19.18 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

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

Wall Street Analyst Weigh In

ACI has been the topic of a number of analyst reports. Bank of America lowered their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Tigress Financial raised their target price on shares of Albertsons Companies from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Albertsons Companies in a research note on Thursday, January 8th. They set a “hold” rating on the stock. Jefferies Financial Group restated an “outperform” rating on shares of Albertsons Companies in a research report on Monday, December 29th. Finally, UBS Group lowered their price objective on Albertsons Companies from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Albertsons Companies has a consensus rating of “Hold” and a consensus target price of $21.92.

Insider Transactions at Albertsons Companies

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $17.63, for a total transaction of $863,870.00. Following the sale, the executive vice president owned 289,429 shares in the company, valued at approximately $5,102,633.27. This represents a 14.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.35% of the company’s stock.

Albertsons Companies 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.