VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $3.66 Million Investment in Albertsons Companies, Inc. $ACI

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 270,341 shares of the company's stock, valued at approximately $3,658,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.06% of Albertsons Companies at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ACI. CWM LLC grew its position in Albertsons Companies by 103.5% during the fourth quarter. CWM LLC now owns 1,435 shares of the company's stock worth $25,000 after buying an additional 730 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Albertsons Companies by 172.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company's stock valued at $35,000 after acquiring an additional 1,306 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Albertsons Companies during the second quarter worth about $66,000. Versant Capital Management Inc grew its holdings in shares of Albertsons Companies by 2,406.4% during the second quarter. Versant Capital Management Inc now owns 5,113 shares of the company's stock worth $69,000 after purchasing an additional 4,909 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Albertsons Companies by 32,526.7% in the fourth quarter. Global Retirement Partners LLC now owns 4,894 shares of the company's stock worth $84,000 after purchasing an additional 4,879 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ACI shares. Wells Fargo & Company lowered shares of Albertsons Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $18.00 to $11.00 in a report on Thursday, July 23rd. Barclays dropped their price objective on shares of Albertsons Companies from $17.00 to $12.00 and set an "underweight" rating for the company in a report on Friday, July 24th. UBS Group reiterated a "neutral" rating and issued a $12.00 target price (down from $20.00) on shares of Albertsons Companies in a research report on Tuesday, July 28th. The Goldman Sachs Group reduced their target price on Albertsons Companies from $24.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. lowered their price target on Albertsons Companies from $20.00 to $14.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $15.31.

Insider Buying and Selling at Albertsons Companies

In other news, CFO Sharon Mccollam bought 9,000 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $11.48 per share, with a total value of $103,320.00. Following the completion of the purchase, the chief financial officer directly owned 567,051 shares in the company, valued at $6,509,745.48. This represents a 1.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Susan Morris bought 39,409 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The stock was purchased 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 disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 218,909 shares of company stock worth $2,515,826. 1.18% of the stock is currently owned by insiders.

Albertsons Companies Stock Performance

Albertsons Companies stock opened at $11.82 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.84 and a debt-to-equity ratio of 5.22. The company has a market capitalization of $5.74 billion, a PE ratio of 147.81, a P/E/G ratio of 2.07 and a beta of 0.37. The firm has a fifty day simple moving average of $12.83 and a two-hundred day simple moving average of $15.13. Albertsons Companies, Inc. has a twelve month low of $10.86 and a twelve month high of $20.00.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.12). The company had revenue of $24.94 billion for the quarter, compared to the consensus estimate of $24.84 billion. Albertsons Companies had a net margin of 0.08% and a return on equity of 45.59%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. Albertsons Companies has set its FY 2026 guidance at 1.750-1.850 EPS. Research analysts expect that Albertsons Companies, Inc. will post 1.65 EPS for the current year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were given a $0.17 dividend. The ex-dividend date was Friday, July 24th. This represents a $0.68 annualized dividend and a yield of 5.8%. Albertsons Companies's payout ratio is presently 850.00%.

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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