MRP Capital Investments LLC Purchases New Shares in Albertsons Companies, Inc. $ACI

MRP Capital Investments LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 51,580 shares of the company’s stock, valued at approximately $903,000.

A number of other institutional investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted 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 buying an additional 827 shares during the period. Allworth Financial LP lifted its position in Albertsons Companies by 98.4% during the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock worth $37,000 after acquiring an additional 844 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Albertsons Companies by 32.9% in 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. Deseret Mutual Benefit Administrators increased its holdings in shares of Albertsons Companies by 61.7% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,808 shares of the company’s stock valued at $49,000 after purchasing an additional 1,071 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in shares of Albertsons Companies during the second quarter worth approximately $53,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael T. Theilmann sold 49,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were 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 directly owned 289,429 shares of the company’s stock, valued at $5,102,633.27. This trade represents a 14.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on ACI shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Albertsons Companies in a research report on Thursday, January 8th. They set a “hold” rating for the company. Telsey Advisory Group cut their price target on shares of Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Evercore lowered their price objective on Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating on the stock in a report on Tuesday, December 23rd. Jefferies Financial Group reissued an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Finally, UBS Group reduced their price target on Albertsons Companies from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, January 8th. 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.58.

Albertsons Companies Stock Performance

ACI opened at $18.13 on Thursday. Albertsons Companies, Inc. has a 1-year low of $15.80 and a 1-year high of $23.20. The stock has a market cap of $9.31 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.55 and a beta of 0.48. The stock’s 50 day simple moving average is $17.36 and its 200 day simple moving average is $18.03. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.91 and a quick ratio of 0.20.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Wednesday, January 7th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The company had revenue of $19.12 billion for the quarter, compared to the consensus estimate of $19.18 billion. During the same period in the previous year, the business earned $0.71 earnings per share. Albertsons Companies’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. As a group, equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were given a dividend of $0.15 per share. The ex-dividend date was Friday, January 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. Albertsons Companies’s payout ratio is presently 38.71%.

About Albertsons Companies

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.