Okabena Investment Services Inc. Has $1.35 Million Stake in Albertsons Companies, Inc. $ACI

Okabena Investment Services Inc. lessened its stake in Albertsons Companies, Inc. (NYSE:ACI) by 13.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,520 shares of the company’s stock after selling 9,747 shares during the period. Okabena Investment Services Inc.’s holdings in Albertsons Companies were worth $1,345,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Albertsons Companies by 2.9% during the first quarter. Vanguard Group Inc. now owns 37,374,669 shares of the company’s stock worth $821,869,000 after acquiring an additional 1,064,547 shares during the last quarter. Norges Bank acquired a new stake in shares of Albertsons Companies during the 2nd quarter worth approximately $320,613,000. LSV Asset Management lifted its holdings in Albertsons Companies by 34.4% in the second quarter. LSV Asset Management now owns 10,578,407 shares of the company’s stock valued at $227,542,000 after buying an additional 2,705,368 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Albertsons Companies by 7.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,977,542 shares of the company’s stock valued at $171,597,000 after acquiring an additional 539,250 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Albertsons Companies by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 7,901,015 shares of the company’s stock valued at $169,510,000 after acquiring an additional 124,824 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Price Performance

ACI stock opened at $18.33 on Monday. The stock has a 50-day moving average price of $17.99 and a two-hundred day moving average price of $19.63. Albertsons Companies, Inc. has a 1 year low of $16.70 and a 1 year high of $23.20. The stock has a market cap of $10.07 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 2.99 and a beta of 0.49. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Albertsons Companies had a return on equity of 36.39% and a net margin of 1.20%.The business had revenue of $18.92 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same period last year, the company earned $0.51 earnings per share. Albertsons Companies’s quarterly revenue was up 2.0% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Equities analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a $0.15 dividend. The ex-dividend date was Friday, October 24th. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. Albertsons Companies’s dividend payout ratio (DPR) is presently 35.50%.

Insider Transactions at Albertsons Companies

In related news, EVP Michael T. Theilmann sold 100,000 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the sale, the executive vice president owned 338,429 shares in the company, valued at approximately $6,548,601.15. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total value of $4,427,500.00. Following the transaction, the insider directly owned 300,577 shares in the company, valued at $5,786,107.25. This trade represents a 43.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ACI shares. Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Wells Fargo & Company lowered their target price on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Evercore ISI cut their target price on shares of Albertsons Companies from $22.00 to $21.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. Tigress Financial boosted their price target on shares of Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. dropped their price objective on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.43.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.