Swiss Life Asset Management Ltd Lowers Stock Holdings in Albertsons Companies, Inc. $ACI

Swiss Life Asset Management Ltd lessened its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 50.9% during the 3rd quarter, Holdings Channel reports. The firm owned 77,071 shares of the company’s stock after selling 80,028 shares during the period. Swiss Life Asset Management Ltd’s holdings in Albertsons Companies were worth $1,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. increased its stake in Albertsons Companies by 130.4% during the 3rd 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 raised its stake 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 acquiring an additional 844 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Albertsons Companies by 32.9% in the third 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 period. Deseret Mutual Benefit Administrators grew its stake 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 in the last quarter. Finally, Employees Retirement System of Texas acquired a new position in Albertsons Companies during the 2nd quarter worth $53,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Down 1.0%

NYSE ACI opened at $17.12 on Tuesday. The firm’s fifty day moving average is $17.50 and its two-hundred day moving average is $17.71. Albertsons Companies, Inc. has a one year low of $15.80 and a one year high of $23.20. 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 firm has a market cap of $8.80 billion, a PE ratio of 11.04, a P/E/G ratio of 0.49 and a beta of 0.48.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results 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 analyst estimates of $19.18 billion. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, January 23rd. Albertsons Companies’s dividend payout ratio (DPR) is 38.71%.

Insider Buying and Selling at Albertsons Companies

In other news, EVP Michael T. Theilmann sold 49,000 shares of the business’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 value of $863,870.00. Following the transaction, the executive vice president owned 289,429 shares of the company’s stock, valued at approximately $5,102,633.27. The trade was a 14.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ACI has been the subject of several recent research reports. Evercore decreased their price objective on Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating for the company in a research note on Tuesday, December 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Albertsons Companies in a report on Monday, December 29th. Morgan Stanley reiterated an “underweight” rating and set a $14.00 target price (down from $20.00) on shares of Albertsons Companies in a research note on Thursday, January 15th. UBS Group lowered their price objective on Albertsons Companies from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Jefferies Financial Group reissued an “outperform” rating on shares of Albertsons Companies in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.58.

Albertsons Companies Company 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.