Korea Investment CORP Has $7.32 Million Holdings in Albertsons Companies, Inc. $ACI

Korea Investment CORP lifted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 50.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 418,212 shares of the company’s stock after purchasing an additional 140,019 shares during the quarter. Korea Investment CORP owned 0.08% of Albertsons Companies worth $7,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACI. Grantham Mayo Van Otterloo & Co. LLC grew its position in Albertsons Companies by 1,052.5% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,006,094 shares of the company’s stock worth $17,617,000 after buying an additional 918,794 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new position in Albertsons Companies in the 3rd quarter valued at $6,202,000. Gabelli Funds LLC lifted its position in shares of Albertsons Companies by 2.6% during the 3rd quarter. Gabelli Funds LLC now owns 153,278 shares of the company’s stock valued at $2,684,000 after acquiring an additional 3,950 shares during the period. Barclays PLC lifted its position in shares of Albertsons Companies by 108.7% during the 3rd quarter. Barclays PLC now owns 1,190,463 shares of the company’s stock valued at $20,845,000 after acquiring an additional 620,061 shares during the period. Finally, HAP Trading LLC grew its holdings in shares of Albertsons Companies by 22.3% during the 2nd quarter. HAP Trading LLC now owns 17,895 shares of the company’s stock worth $385,000 after purchasing an additional 3,268 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ACI shares. Evercore decreased their price target on Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating on the stock in a research 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. Morgan Stanley restated 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. JPMorgan Chase & Co. decreased their price target on Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Finally, Wells Fargo & Company lowered their price target on Albertsons Companies from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Albertsons Companies presently has an average rating of “Hold” and an average target price of $21.58.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $16.90 on Friday. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.47 and a beta of 0.48. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.91 and a quick ratio of 0.20. The firm has a 50 day simple moving average of $17.44 and a 200 day simple moving average of $17.83. Albertsons Companies, Inc. has a one year low of $15.80 and a one year high of $23.20.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Wednesday, January 7th. The company reported $0.72 earnings per share 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 analysts’ expectations of $19.18 billion. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors 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 3.6%. Albertsons Companies’s payout ratio is currently 38.71%.

Insiders Place Their Bets

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of the company’s stock in a transaction dated 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 owned 289,429 shares of the company’s stock, valued at $5,102,633.27. This represents a 14.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is owned by corporate insiders.

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.