Tudor Investment Corp ET AL Buys 272,678 Shares of Albertsons Companies, Inc. $ACI

Tudor Investment Corp ET AL raised its stake in Albertsons Companies, Inc. (NYSE:ACI) by 416.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 338,078 shares of the company’s stock after acquiring an additional 272,678 shares during the quarter. Tudor Investment Corp ET AL owned about 0.06% of Albertsons Companies worth $5,920,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Albertsons Companies during the second quarter worth approximately $320,613,000. LSV Asset Management grew its holdings in Albertsons Companies by 3.5% in the 3rd quarter. LSV Asset Management now owns 10,946,507 shares of the company’s stock valued at $191,673,000 after buying an additional 368,100 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Albertsons Companies by 17.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,388,320 shares of the company’s stock valued at $164,389,000 after buying an additional 1,410,778 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Albertsons Companies by 37.1% during the third quarter. Dimensional Fund Advisors LP now owns 8,269,879 shares of the company’s stock worth $144,803,000 after buying an additional 2,239,291 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Albertsons Companies by 14.9% in the third quarter. AQR Capital Management LLC now owns 6,283,584 shares of the company’s stock valued at $110,026,000 after acquiring an additional 813,190 shares during the period. Institutional investors own 71.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Albertsons Companies from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Telsey Advisory Group cut their price objective 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. Barclays lowered their target price on shares of Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Albertsons Companies in a research note on Thursday, January 8th. They issued a “hold” rating for the company. Finally, 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 research note on Tuesday, December 23rd. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.58.

Albertsons Companies Stock Down 1.6%

Shares of NYSE ACI opened at $16.85 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 3.36. The company has a market cap of $8.66 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.49 and a beta of 0.48. Albertsons Companies, Inc. has a 12 month low of $15.80 and a 12 month high of $23.20. The stock has a 50-day moving average price of $17.49 and a two-hundred day moving average price of $17.69.

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

Albertsons Companies Announces Dividend

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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, January 23rd. Albertsons Companies’s payout ratio is presently 38.71%.

Insider Activity

In other news, EVP Michael T. Theilmann sold 49,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 289,429 shares in the company, valued at approximately $5,102,633.27. This represents a 14.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.35% of the company’s stock.

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.