LSV Asset Management Raises Holdings in Albertsons Companies, Inc. $ACI
by Amy Steele · The Cerbat GemLSV Asset Management boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI – Free Report) by 34.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,578,407 shares of the company’s stock after acquiring an additional 2,705,368 shares during the period. LSV Asset Management’s holdings in Albertsons Companies were worth $227,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of ACI. Cerity Partners LLC purchased a new stake in Albertsons Companies in the first quarter valued at about $917,000. Mutual of America Capital Management LLC purchased a new stake in shares of Albertsons Companies in the first quarter worth about $4,590,000. CWM LLC grew its stake in shares of Albertsons Companies by 5,988.9% during the 1st quarter. CWM LLC now owns 70,692 shares of the company’s stock worth $1,555,000 after purchasing an additional 69,531 shares during the period. Victory Capital Management Inc. increased its holdings in Albertsons Companies by 45.3% in the first quarter. Victory Capital Management Inc. now owns 78,886 shares of the company’s stock valued at $1,735,000 after buying an additional 24,590 shares in the last quarter. Finally, Forum Financial Management LP purchased a new position in shares of Albertsons Companies in the 1st quarter valued at about $263,000. Institutional investors own 71.35% of the company’s stock.
Insider Buying and Selling
In other news, EVP Michael T. Theilmann sold 100,000 shares of Albertsons Companies stock in a transaction that occurred 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 sale, the executive vice president owned 338,429 shares of the company’s stock, valued at approximately $6,548,601.15. The trade was a 22.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anuj Dhanda sold 230,000 shares of the stock in a transaction that occurred on 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 $5,786,107.25. The trade was a 43.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.35% of the stock is owned by company insiders.
Albertsons Companies Price Performance
NYSE:ACI opened at $18.21 on Monday. Albertsons Companies, Inc. has a one year low of $16.70 and a one year high of $23.20. The stock has a market cap of $10.00 billion, a PE ratio of 10.77, a P/E/G ratio of 2.97 and a beta of 0.52. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.20 and a current ratio of 0.81. The stock has a 50 day moving average price of $18.10 and a 200 day moving average price of $19.91.
Albertsons Companies (NYSE:ACI – Get Free Report) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $18.92 billion for the quarter, compared to analyst estimates of $18.89 billion. Albertsons Companies had a return on equity of 36.39% and a net margin of 1.20%.The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Equities research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.
Albertsons Companies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. Albertsons Companies’s dividend payout ratio is 35.50%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on ACI shares. Barclays began coverage on shares of Albertsons Companies in a report on Monday, July 21st. They issued an “underweight” rating and a $19.00 price target for the company. Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Albertsons Companies in a research report on Thursday, October 30th. Royal Bank Of Canada lowered their price target on Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Finally, Evercore ISI reduced their price objective on Albertsons Companies from $22.00 to $21.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Albertsons Companies currently has an average rating of “Moderate Buy” and a consensus price target of $23.43.
View Our Latest Research Report on ACI
Albertsons Companies Profile
Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.
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