Albertsons Companies, Inc. (ACI) To Go Ex-Dividend on January 23rd

Albertsons Companies, Inc. (NYSE:ACI) declared a quarterly dividend on Wednesday, January 7th. Investors of record on Friday, January 23rd will be given a dividend of 0.15 per share on Friday, February 6th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, January 23rd.

Albertsons Companies has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Albertsons Companies to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 27.0%.

Albertsons Companies Stock Up 3.4%

ACI opened at $16.64 on Friday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 2.61 and a beta of 0.48. Albertsons Companies has a one year low of $15.80 and a one year high of $23.20. The business’s fifty day moving average is $17.53 and its two-hundred day moving average is $18.78.

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, topping the consensus estimate 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 revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 EPS. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Analysts anticipate that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Insider Transactions at Albertsons Companies

In related news, insider Anuj Dhanda sold 230,000 shares of the stock in a transaction dated Thursday, October 16th. The stock was 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 owned 300,577 shares of the company’s stock, valued at approximately $5,786,107.25. This represents a 43.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael T. Theilmann sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the sale, 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. Corporate insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On Albertsons Companies

Hedge funds have recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in shares of Albertsons Companies in the 4th quarter worth approximately $46,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Albertsons Companies by 19.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 93,162 shares of the company’s stock worth $1,594,000 after purchasing an additional 15,024 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Albertsons Companies by 185.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock worth $28,000 after purchasing an additional 1,057 shares during the period. GAMMA Investing LLC lifted its position in shares of Albertsons Companies by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 4,431 shares of the company’s stock worth $76,000 after buying an additional 2,644 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its position in shares of Albertsons Companies by 416.9% during the 3rd quarter. Tudor Investment Corp ET AL now owns 338,078 shares of the company’s stock valued at $5,920,000 after buying an additional 272,678 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

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.