Albertsons Companies, Inc. $ACI Holdings Lowered by Martingale Asset Management L P

Key Points

• Martingale Asset Management trimmed its stake in Albertsons by 7.9% in Q3, selling 69,123 shares and now holds 808,216 shares worth about $14.15 million (roughly 0.15% of the company).
• Albertsons beat Q earnings estimates with $0.72 EPS (vs. $0.67 expected) while reporting $19.12B in revenue (slightly below consensus); management set FY2025 guidance of $2.08–$2.16 EPS and the company pays a $0.15 quarterly dividend (≈3.6% yield).
• The stock trades near $16.90 with a market cap of $8.68B and a P/E of 10.9, analysts have a consensus "Hold" with a $21.58 target, and an EVP sold 49,000 shares in January.

Martingale Asset Management L P trimmed its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 808,216 shares of the company's stock after selling 69,123 shares during the period. Martingale Asset Management L P owned 0.15% of Albertsons Companies worth $14,152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in ACI. Harbor Capital Advisors Inc. boosted its position in shares of Albertsons Companies by 130.4% during the third quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company's stock worth $26,000 after purchasing an additional 827 shares in the last quarter. Allworth Financial LP lifted its holdings in Albertsons Companies by 98.4% during the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the company's stock valued at $37,000 after purchasing an additional 844 shares during the last quarter. Employees Retirement System of Texas purchased a new position in shares of Albertsons Companies during the second quarter valued at about $53,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Albertsons Companies by 32.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company's stock valued at $44,000 after purchasing an additional 625 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of Albertsons Companies by 61.7% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,808 shares of the company's stock valued at $49,000 after purchasing an additional 1,071 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Price Performance

Albertsons Companies stock opened at $16.90 on Friday. Albertsons Companies, Inc. has a 12-month low of $15.80 and a 12-month high of $23.20. The firm's 50-day moving average is $17.44 and its two-hundred day moving average is $17.83. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.91 and a quick ratio of 0.20. The stock has a market capitalization of $8.68 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.47 and a beta of 0.48.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 7th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. The firm had revenue of $19.12 billion during the quarter, compared to the consensus estimate of $19.18 billion. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, January 23rd. Albertsons Companies's dividend payout ratio (DPR) is presently 38.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley reiterated an "underweight" rating and set a $14.00 price target (down from $20.00) on shares of Albertsons Companies in a research note on Thursday, January 15th. BMO Capital Markets lowered their price target on Albertsons Companies from $25.00 to $23.00 and set an "outperform" rating on the stock in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Albertsons Companies in a report on Thursday, January 8th. They issued a "hold" rating for the company. Barclays decreased their target price on Albertsons Companies from $19.00 to $17.00 and set an "underweight" rating on the stock in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Albertsons Companies in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $21.58.

Insider Buying and Selling

In related news, EVP Michael T. Theilmann sold 49,000 shares of the company's 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 transaction, the executive vice president directly owned 289,429 shares of the company's stock, valued at $5,102,633.27. This represents a 14.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.35% of the stock is currently owned by corporate insiders.

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.

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