Martingale Asset Management L P Sells 69,123 Shares of Albertsons Companies, Inc. $ACI

Martingale Asset Management L P reduced its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 808,216 shares of the company’s stock after selling 69,123 shares during the period. Martingale Asset Management L P’s holdings in Albertsons Companies were worth $14,152,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Invesco Ltd. raised its position in shares of Albertsons Companies by 20.8% in the third quarter. Invesco Ltd. now owns 3,919,604 shares of the company’s stock valued at $68,632,000 after buying an additional 673,798 shares during the last quarter. Sei Investments Co. lifted its position in shares of Albertsons Companies by 11.7% in the third quarter. Sei Investments Co. now owns 1,227,689 shares of the company’s stock valued at $21,498,000 after acquiring an additional 128,414 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Albertsons Companies by 69.2% in the 3rd quarter. Mackenzie Financial Corp now owns 313,863 shares of the company’s stock worth $5,496,000 after purchasing an additional 128,315 shares during the period. Magnetar Financial LLC bought a new stake in Albertsons Companies in the third quarter valued at about $4,109,000. Finally, Russell Investments Group Ltd. raised its holdings in Albertsons Companies by 48.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 234,883 shares of the company’s stock worth $4,112,000 after purchasing an additional 76,933 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Insider Buying and Selling at Albertsons Companies

In related news, EVP Michael T. Theilmann sold 49,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total transaction of $863,870.00. Following the completion of the sale, the executive vice president owned 289,429 shares in the company, valued at approximately $5,102,633.27. This trade represents a 14.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. Telsey Advisory Group lowered their price target on Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Albertsons Companies in a report on Monday, December 29th. Jefferies Financial Group reiterated an “outperform” rating on shares of Albertsons Companies in a research report on Monday, December 29th. Wells Fargo & Company reduced their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Finally, BMO Capital Markets reduced their price objective on shares of Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.58.

Albertsons Companies Trading Up 2.8%

NYSE:ACI opened at $16.90 on Friday. The stock 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 business has a fifty day moving average of $17.44 and a 200-day moving average of $17.83. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91. Albertsons Companies, Inc. has a 1 year low of $15.80 and a 1 year high of $23.20.

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, beating analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $19.12 billion during the quarter, compared to the consensus estimate of $19.18 billion. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Equities analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were issued a $0.15 dividend. The ex-dividend date was Friday, January 23rd. This represents a $0.60 annualized dividend and a dividend yield of 3.6%. Albertsons Companies’s dividend payout ratio is 38.71%.

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.