Vinva Investment Management Ltd Purchases Shares of 25,496 Albertsons Companies, Inc. $ACI

Vinva Investment Management Ltd acquired a new position in Albertsons Companies, Inc. (NYSE:ACI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,496 shares of the company’s stock, valued at approximately $540,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tredje AP fonden raised its stake in Albertsons Companies by 71.7% during the 2nd quarter. Tredje AP fonden now owns 46,647 shares of the company’s stock valued at $1,003,000 after purchasing an additional 19,477 shares during the last quarter. Atlas Capital Advisors Inc. boosted its stake in Albertsons Companies by 241.6% during the first quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company’s stock worth $509,000 after buying an additional 16,375 shares in the last quarter. Inspire Advisors LLC bought a new stake in Albertsons Companies in the 2nd quarter valued at $379,000. Islay Capital Management LLC bought a new stake in Albertsons Companies in the 2nd quarter valued at $987,000. Finally, Geode Capital Management LLC raised its stake in shares of Albertsons Companies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 7,901,015 shares of the company’s stock valued at $169,510,000 after buying an additional 124,824 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction dated 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 completion of the transaction, the insider directly owned 300,577 shares of the company’s stock, valued at $5,786,107.25. The trade was a 43.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael T. Theilmann sold 100,000 shares of the company’s 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.35% of the company’s stock.

Albertsons Companies Stock Performance

NYSE:ACI opened at $18.33 on Friday. The stock has a market capitalization of $10.07 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 2.99 and a beta of 0.52. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25. Albertsons Companies, Inc. has a 1 year low of $16.70 and a 1 year high of $23.20. The firm has a 50 day moving average of $17.99 and a 200-day moving average of $19.64.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Tuesday, October 14th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Albertsons Companies had a return on equity of 36.39% and a net margin of 1.20%.The business had revenue of $18.92 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the prior year, the company earned $0.51 EPS. Albertsons Companies’s revenue for the quarter was up 2.0% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. As a group, sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, October 24th. Albertsons Companies’s dividend payout ratio is presently 35.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ACI shares. Royal Bank Of Canada decreased their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Evercore ISI decreased their price objective on Albertsons Companies from $22.00 to $21.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. Tigress Financial upped their price objective on Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Bank of America dropped their target price on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Wall Street Zen lowered Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.43.

Albertsons Companies 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.