KBC Group NV Has $771,000 Stock Holdings in Albertsons Companies, Inc. $ACI

KBC Group NV increased its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 53.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,832 shares of the company’s stock after purchasing an additional 12,414 shares during the quarter. KBC Group NV’s holdings in Albertsons Companies were worth $771,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. West Oak Capital LLC acquired a new position in shares of Albertsons Companies in the second quarter valued at approximately $30,000. SVB Wealth LLC bought a new stake in Albertsons Companies in the 1st quarter valued at $32,000. Allworth Financial LP boosted its stake in Albertsons Companies by 98.4% in the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock worth $37,000 after purchasing an additional 844 shares during the period. Sound Income Strategies LLC acquired a new position in Albertsons Companies in the 2nd quarter worth $43,000. Finally, Plato Investment Management Ltd bought a new position in Albertsons Companies during the 1st quarter worth about $53,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Stock Down 0.4%

NYSE:ACI opened at $18.13 on Tuesday. Albertsons Companies, Inc. has a twelve month low of $16.70 and a twelve month high of $23.20. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 2.97 and a beta of 0.52. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. The stock’s 50 day moving average price is $18.08 and its two-hundred day moving average price is $19.89.

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

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, October 24th. Albertsons Companies’s dividend payout ratio (DPR) is 35.50%.

Insider Activity

In related news, EVP Michael T. Theilmann sold 100,000 shares of Albertsons Companies stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the completion of the transaction, the executive vice president owned 338,429 shares in the company, valued at approximately $6,548,601.15. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total value of $4,427,500.00. Following the transaction, the insider directly owned 300,577 shares in the company, valued at approximately $5,786,107.25. This trade represents a 43.35% decrease in their position. The SEC filing for this sale provides additional information. 1.35% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Bank of America dropped their target price on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Wall Street Zen cut Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Evercore ISI decreased their price target on shares of Albertsons Companies from $22.00 to $21.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Finally, Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Albertsons Companies has an average rating of “Moderate Buy” and a consensus target price of $23.43.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.