VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 131,200 Shares of Albertsons Companies, Inc. $ACI

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 3.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,918,400 shares of the company’s stock after acquiring an additional 131,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Albertsons Companies were worth $68,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ACI. Harbor Capital Advisors Inc. increased its holdings 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 purchasing an additional 827 shares during the period. West Oak Capital LLC acquired a new stake in Albertsons Companies during the second quarter worth approximately $30,000. Allworth Financial LP increased its stake 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. Sound Income Strategies LLC acquired a new position in Albertsons Companies in the 2nd quarter valued at $43,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Albertsons Companies during the 1st quarter valued at $53,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analysts Set New Price Targets

ACI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Tigress Financial raised their target price 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. Telsey Advisory Group restated an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a research report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Albertsons Companies in a research report on Thursday, October 30th. Finally, Wall Street Zen cut shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.69.

Insider Buying and Selling

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

Albertsons Companies Trading Down 0.1%

Shares of Albertsons Companies stock opened at $17.28 on Wednesday. The firm’s 50 day moving average is $17.77 and its 200 day moving average is $18.95. The firm has a market capitalization of $9.49 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 2.82 and a beta of 0.49. Albertsons Companies, Inc. has a 1 year low of $16.55 and a 1 year high of $23.20. 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 issued its quarterly earnings data on Tuesday, October 14th. The company reported $0.44 earnings per share 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 for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter in the previous year, the company posted $0.51 EPS. Albertsons Companies’s quarterly revenue was up 2.0% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were given a dividend of $0.15 per share. The ex-dividend date was Friday, October 24th. This represents a $0.60 annualized dividend and a yield of 3.5%. Albertsons Companies’s dividend payout ratio (DPR) is currently 35.50%.

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.