Albertsons Companies, Inc. $ACI Holdings Cut by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 8.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,019,398 shares of the company’s stock after selling 97,217 shares during the period. Federated Hermes Inc.’s holdings in Albertsons Companies were worth $17,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of Albertsons Companies by 109.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,542,468 shares of the company’s stock worth $33,919,000 after acquiring an additional 806,336 shares in the last quarter. Empowered Funds LLC acquired a new position in Albertsons Companies in the 1st quarter worth about $1,090,000. ASR Vermogensbeheer N.V. raised its stake in shares of Albertsons Companies by 60.3% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 112,397 shares of the company’s stock worth $2,418,000 after purchasing an additional 42,266 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Albertsons Companies during the 2nd quarter valued at about $54,000. Finally, Highland Capital Management LLC bought a new stake in shares of Albertsons Companies in the 2nd quarter valued at approximately $264,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Stock Up 0.4%

Albertsons Companies stock opened at $16.65 on Friday. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.91 and a quick ratio of 0.20. Albertsons Companies, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $23.20. The firm has a fifty day moving average price of $17.31 and a two-hundred day moving average price of $18.22. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 0.50 and a beta of 0.48.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Wednesday, January 7th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The business had revenue of $19.12 billion for the quarter, compared to analyst estimates of $19.18 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. As a group, analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, January 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Albertsons Companies’s payout ratio is 38.71%.

Insider Buying and Selling at Albertsons Companies

In other news, EVP Michael T. Theilmann sold 49,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 289,429 shares of the company’s stock, valued at approximately $5,102,633.27. This represents a 14.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACI. Wells Fargo & Company cut their price objective 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. Jefferies Financial Group restated an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Bank of America reduced their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Wall Street Zen downgraded shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Albertsons Companies in a report on Monday, December 29th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.92.

Albertsons Companies Company 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.