Martingale Asset Management L P Sells 33,844 Shares of Albertsons Companies, Inc. $ACI

Martingale Asset Management L P lowered its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 774,372 shares of the company’s stock after selling 33,844 shares during the quarter. Martingale Asset Management L P owned about 0.15% of Albertsons Companies worth $13,296,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Albertsons Companies by 4.5% during the fourth quarter. Wells Fargo & Company MN now owns 575,957 shares of the company’s stock valued at $9,889,000 after acquiring an additional 24,650 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Albertsons Companies by 681.5% during the 4th quarter. Quadrant Capital Group LLC now owns 43,751 shares of the company’s stock worth $751,000 after purchasing an additional 38,153 shares in the last quarter. DRW Securities LLC bought a new position in shares of Albertsons Companies during the 4th quarter worth about $440,000. Dimensional Fund Advisors LP boosted its position in shares of Albertsons Companies by 62.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,429,784 shares of the company’s stock worth $230,595,000 after purchasing an additional 5,159,905 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Albertsons Companies by 3.0% during the 4th quarter. Federated Hermes Inc. now owns 1,049,951 shares of the company’s stock worth $18,028,000 after purchasing an additional 30,553 shares in the last quarter. Institutional investors own 71.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ACI shares. UBS Group cut their price objective on shares of Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $21.00 price objective on shares of Albertsons Companies in a research report on Monday, April 6th. Weiss Ratings downgraded Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. lowered their target price on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Finally, Citigroup lowered their target price on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $21.31.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $15.37 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 4.58. Albertsons Companies, Inc. has a twelve month low of $15.01 and a twelve month high of $22.78. The stock’s 50 day moving average is $16.45 and its 200-day moving average is $17.08. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 48.04, a PEG ratio of 1.76 and a beta of 0.40.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. Albertsons Companies had a net margin of 0.26% and a return on equity of 42.75%. The business had revenue of $20.25 billion for the quarter, compared to analysts’ expectations of $20.49 billion. During the same quarter last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Sell-side analysts forecast that Albertsons Companies, Inc. will post 2.11 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.15. Albertsons Companies’s payout ratio is 212.50%.

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.