Illinois Municipal Retirement Fund Buys 83,595 Shares of Albertsons Companies, Inc. $ACI

Illinois Municipal Retirement Fund increased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 37.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 308,530 shares of the company’s stock after buying an additional 83,595 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Albertsons Companies worth $5,402,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Harbor Capital Advisors Inc. lifted its position in Albertsons Companies by 130.4% during the third quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock worth $26,000 after acquiring an additional 827 shares during the last quarter. Allworth Financial LP grew its position 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 valued at $37,000 after purchasing an additional 844 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Albertsons Companies by 32.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock worth $44,000 after purchasing an additional 625 shares during the period. Deseret Mutual Benefit Administrators lifted its holdings in Albertsons Companies by 61.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,808 shares of the company’s stock worth $49,000 after purchasing an additional 1,071 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in Albertsons Companies during the 2nd quarter worth approximately $53,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Insider Transactions 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 value 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 $5,102,633.27. This represents a 14.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is currently owned by corporate insiders.

Albertsons Companies Stock Up 3.5%

Shares of NYSE ACI opened at $18.55 on Friday. Albertsons Companies, Inc. has a 52 week low of $15.80 and a 52 week high of $23.20. The stock’s fifty day moving average is $17.29 and its 200 day moving average is $18.06. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91. The stock has a market capitalization of $9.53 billion, a P/E ratio of 11.97, a PEG ratio of 0.54 and a beta of 0.48.

Albertsons Companies (NYSE:ACI) last announced 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 for the quarter, compared to the consensus estimate of $19.18 billion. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Sell-side analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $0.60 annualized dividend and a dividend yield of 3.2%. Albertsons Companies’s payout ratio is 38.71%.

Analysts Set New Price Targets

A number of brokerages have commented on ACI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Albertsons Companies in a report on Tuesday, January 27th. Telsey Advisory Group reduced their target price on shares of Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group restated an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. JPMorgan Chase & Co. dropped their price objective on shares of Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Wall Street Zen downgraded shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.58.

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.