49,680 Shares in Albertsons Companies, Inc. $ACI Acquired by MRP Capital Investments LLC

MRP Capital Investments LLC bought a new position in Albertsons Companies, Inc. (NYSE:ACI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,680 shares of the company’s stock, valued at approximately $870,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. raised its stake in shares of 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 in the last quarter. Allworth Financial LP boosted its stake in shares of Albertsons Companies by 98.4% in the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock valued at $37,000 after purchasing an additional 844 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of Albertsons Companies during the 2nd quarter valued at $53,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Albertsons Companies by 32.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock valued at $44,000 after purchasing an additional 625 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised its position in Albertsons Companies by 61.7% in 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 period. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Trading Down 1.8%

Shares of ACI opened at $17.31 on Thursday. The stock has a market capitalization of $8.89 billion, a P/E ratio of 11.17, a PEG ratio of 0.50 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. The firm has a fifty day simple moving average of $17.47 and a two-hundred day simple moving average of $17.76. Albertsons Companies, Inc. has a twelve month low of $15.80 and a twelve month high of $23.20.

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

Albertsons Companies Announces Dividend

The firm 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. This represents a $0.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, January 23rd. Albertsons Companies’s payout ratio is currently 38.71%.

Insider Transactions at Albertsons Companies

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ACI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Albertsons Companies in a research note on Tuesday, January 27th. Telsey Advisory Group reduced their price objective on Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. BMO Capital Markets decreased their price objective on Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Barclays lowered their target price on Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Albertsons Companies in a report on Thursday, January 8th. They set a “hold” rating for the company. Nine 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 MarketBeat.com, Albertsons Companies currently has a consensus rating of “Hold” and a consensus 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.