E. Ohman J or Asset Management AB Purchases 285,280 Shares of Albertsons Companies, Inc. $ACI

Key Points

• E. Ohman J or Asset Management AB increased its Albertsons stake by 14% in the second quarter, purchasing 285,280 shares and bringing its holdings to 2.32 million shares, valued at approximately $31.4 million.
• Albertsons reported quarterly revenue of $24.94 billion, slightly exceeding estimates, but earnings of $0.42 per share missed the $0.54 consensus. The stock opened at $12.14, near the lower end of its 52-week range.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $15.31 after several firms lowered their targets. The company also maintains a $0.17 quarterly dividend, equating to a 5.6% yield.

E. Ohman J or Asset Management AB raised its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 14.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,321,294 shares of the company's stock after purchasing an additional 285,280 shares during the period. E. Ohman J or Asset Management AB owned approximately 0.47% of Albertsons Companies worth $31,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Albertsons Companies by 58.3% in the 2nd quarter. GAMMA Investing LLC now owns 10,233 shares of the company's stock valued at $138,000 after purchasing an additional 3,768 shares in the last quarter. Value Investment Professionals LLC raised its holdings in shares of Albertsons Companies by 21.8% during the 2nd quarter. Value Investment Professionals LLC now owns 66,006 shares of the company's stock worth $893,000 after buying an additional 11,816 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Albertsons Companies by 2,406.4% during the 2nd quarter. Versant Capital Management Inc now owns 5,113 shares of the company's stock worth $69,000 after buying an additional 4,909 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Albertsons Companies by 121.9% during the 1st quarter. Empowered Funds LLC now owns 42,274 shares of the company's stock worth $720,000 after buying an additional 23,227 shares during the last quarter. Finally, Carlson Capital L.P. lifted its position in shares of Albertsons Companies by 138.4% during the 1st quarter. Carlson Capital L.P. now owns 119,200 shares of the company's stock worth $2,031,000 after buying an additional 69,200 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $12.14 on Tuesday. The firm has a market cap of $5.89 billion, a PE ratio of 151.75, a price-to-earnings-growth ratio of 2.06 and a beta of 0.42. The firm's fifty day moving average is $13.86 and its 200-day moving average is $15.94. The company has a debt-to-equity ratio of 5.22, a quick ratio of 0.21 and a current ratio of 0.84. Albertsons Companies, Inc. has a 52 week low of $10.86 and a 52 week high of $20.00.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.12). The company had revenue of $24.94 billion during the quarter, compared to analyst estimates of $24.84 billion. Albertsons Companies had a net margin of 0.08% and a return on equity of 45.59%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share. Albertsons Companies has set its FY 2026 guidance at 1.750-1.850 EPS. Sell-side analysts predict that Albertsons Companies, Inc. will post 1.64 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $0.68 annualized dividend and a dividend yield of 5.6%. Albertsons Companies's dividend payout ratio is presently 850.00%.

Insider Transactions at Albertsons Companies

In related news, EVP Thomas M. Moriarty acquired 170,500 shares of the stock in a transaction dated Monday, July 27th. The stock was bought at an average cost of $11.51 per share, for a total transaction of $1,962,455.00. Following the completion of the transaction, the executive vice president directly owned 308,946 shares of the company's stock, valued at $3,555,968.46. The trade was a 123.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Susan Morris acquired 39,409 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was bought at an average cost of $11.42 per share, for a total transaction of $450,050.78. Following the completion of the purchase, the chief executive officer owned 1,092,956 shares of the company's stock, valued at $12,481,557.52. This trade represents a 3.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 218,909 shares of company stock worth $2,515,826 over the last ninety days. 1.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ACI. BMO Capital Markets cut Albertsons Companies from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $23.00 to $12.00 in a research report on Friday, July 24th. Telsey Advisory Group reissued a "market perform" rating and issued a $13.00 target price (down from $22.00) on shares of Albertsons Companies in a report on Friday, July 24th. The Goldman Sachs Group reduced their price target on shares of Albertsons Companies from $24.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Barclays decreased their price target on shares of Albertsons Companies from $17.00 to $12.00 and set an "underweight" rating on the stock in a report on Friday, July 24th. Finally, Zacks Research downgraded shares of Albertsons Companies from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Albertsons Companies has a consensus rating of "Hold" and an average price target of $15.31.

Albertsons Companies 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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