Pacer Advisors Inc. lessened its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI – Free Report) by 94.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 43,937 shares of the company’s stock after selling 753,355 shares during the quarter. Pacer Advisors Inc.’s holdings in Albertsons Companies were worth $749,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Albertsons Companies by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock valued at $675,305,000 after buying an additional 5,110,777 shares during the last quarter. Norges Bank acquired a new position in shares of Albertsons Companies during the fourth quarter worth approximately $388,089,000. Dimensional Fund Advisors LP lifted its holdings in shares of Albertsons Companies by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 15,013,525 shares of the company’s stock worth $255,855,000 after buying an additional 1,583,741 shares during the last quarter. Morgan Stanley boosted its position in shares of Albertsons Companies by 101.0% in the fourth quarter. Morgan Stanley now owns 11,687,694 shares of the company’s stock valued at $200,678,000 after acquiring an additional 5,873,759 shares during the period. Finally, LSV Asset Management grew its stake in shares of Albertsons Companies by 1.7% in the fourth quarter. LSV Asset Management now owns 11,130,407 shares of the company’s stock worth $191,109,000 after acquiring an additional 183,900 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on ACI. Royal Bank Of Canada dropped their target price on shares of Albertsons Companies from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Citigroup reissued a “neutral” rating and issued a $11.00 price target (down from $17.00) on shares of Albertsons Companies in a report on Monday, July 27th. The Goldman Sachs Group dropped their price objective on shares of Albertsons Companies from $24.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, July 24th. BMO Capital Markets lowered shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $23.00 to $12.00 in a research report on Friday, July 24th. Finally, Zacks Research cut shares of Albertsons Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.31.
Albertsons Companies Stock Up 1.1%
Shares of ACI opened at $12.14 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.84 and a debt-to-equity ratio of 5.22. The company has a 50-day moving average price of $13.86 and a two-hundred day moving average price of $15.94. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 151.75, a P/E/G ratio of 2.06 and a beta of 0.42. Albertsons Companies, Inc. has a 12 month low of $10.86 and a 12 month high of $20.00.
Albertsons Companies (NYSE:ACI – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.12). Albertsons Companies had a net margin of 0.08% and a return on equity of 45.59%. The company had revenue of $24.94 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Albertsons Companies has set its FY 2026 guidance at 1.750-1.850 EPS. Equities analysts predict that Albertsons Companies, Inc. will post 1.64 EPS for the current fiscal year.
Albertsons Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.6%. The ex-dividend date was Friday, July 24th. Albertsons Companies’s dividend payout ratio is currently 850.00%.
Insider Buying and Selling at Albertsons Companies
In other news, EVP Thomas M. Moriarty bought 170,500 shares of the stock in a transaction dated Monday, July 27th. The shares were acquired at an average price of $11.51 per share, with a total value of $1,962,455.00. Following the acquisition, the executive vice president owned 308,946 shares in the company, valued at $3,555,968.46. This trade represents a 123.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sharon Mccollam bought 9,000 shares of the stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $11.48 per share, for a total transaction of $103,320.00. Following the acquisition, the chief financial officer owned 567,051 shares in the company, valued at $6,509,745.48. The trade was a 1.61% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 218,909 shares of company stock valued at $2,515,826. 1.18% of the stock is currently owned by company insiders.
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.
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