Trium Capital LLP Cuts Stock Position in Albertsons Companies, Inc. $ACI

Trium Capital LLP cut its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 20.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,194,772 shares of the company’s stock after selling 299,536 shares during the quarter. Albertsons Companies comprises 8.2% of Trium Capital LLP’s holdings, making the stock its 4th biggest position. Trium Capital LLP’s holdings in Albertsons Companies were worth $20,920,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ACI. Harbor Capital Advisors Inc. lifted its stake in Albertsons Companies by 130.4% in the third quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock valued at $26,000 after buying an additional 827 shares in the last quarter. West Oak Capital LLC acquired a new stake in shares of Albertsons Companies in the 2nd quarter valued at about $30,000. SVB Wealth LLC acquired a new stake in shares of Albertsons Companies in the 1st quarter valued at about $32,000. Allworth Financial LP lifted its holdings in shares of Albertsons Companies by 98.4% in the second quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock valued at $37,000 after purchasing an additional 844 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of Albertsons Companies during the second quarter worth about $43,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ACI. Royal Bank Of Canada dropped their target price on Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Evercore ISI lowered their price objective on shares of Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating on the stock in a report on Tuesday. Wells Fargo & Company cut their price objective on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Wall Street Zen cut shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, Bank of America lowered their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Albertsons Companies has a consensus rating of “Moderate Buy” and an average target price of $23.69.

Insider Buying and Selling

In other Albertsons Companies news, EVP Michael T. Theilmann sold 100,000 shares of the company’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 value of $1,935,000.00. Following the sale, the executive vice president owned 338,429 shares in the company, valued at $6,548,601.15. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anuj Dhanda sold 230,000 shares of the firm’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 sale, the insider directly owned 300,577 shares of the company’s stock, valued at approximately $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 insiders.

Albertsons Companies Price Performance

Shares of ACI opened at $17.28 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25. The company’s fifty day simple moving average is $17.91 and its 200 day simple moving average is $19.07. Albertsons Companies, Inc. has a 1-year low of $16.55 and a 1-year high of $23.20. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 2.82 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $18.92 billion during the quarter, compared to analysts’ expectations of $18.89 billion. Albertsons Companies had a net margin of 1.20% and a return on equity of 36.39%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. On average, research analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

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

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.