Vise Technologies Inc. Makes New Investment in Albertsons Companies, Inc. $ACI

Vise Technologies Inc. acquired a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 12,326 shares of the company’s stock, valued at approximately $265,000.

A number of other institutional investors also recently bought and sold shares of the stock. Peddock Capital Advisors LLC increased its stake in Albertsons Companies by 1.9% during the 2nd quarter. Peddock Capital Advisors LLC now owns 26,567 shares of the company’s stock valued at $571,000 after purchasing an additional 504 shares in the last quarter. Mason Investment Advisory Services Inc. grew its holdings in shares of Albertsons Companies by 0.7% during the second quarter. Mason Investment Advisory Services Inc. now owns 78,586 shares of the company’s stock valued at $1,690,000 after buying an additional 524 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Albertsons Companies by 3.4% during the second quarter. ProShare Advisors LLC now owns 17,870 shares of the company’s stock valued at $384,000 after buying an additional 592 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Albertsons Companies by 0.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 83,260 shares of the company’s stock valued at $1,791,000 after acquiring an additional 623 shares during the period. Finally, Fifth Third Bancorp raised its stake in Albertsons Companies by 20.9% in the 2nd quarter. Fifth Third Bancorp now owns 3,624 shares of the company’s stock worth $78,000 after acquiring an additional 627 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Albertsons Companies

In other news, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $19.25, for a total value of $4,427,500.00. Following the sale, the insider owned 300,577 shares in the company, valued at $5,786,107.25. This trade represents a 43.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 of the company’s stock, valued at approximately $6,548,601.15. This trade represents a 22.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.35% of the stock is currently owned by insiders.

Albertsons Companies Stock Down 0.4%

ACI opened at $18.13 on Tuesday. The company has a fifty day moving average of $18.08 and a two-hundred day moving average of $19.89. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 2.97 and a beta of 0.52. Albertsons Companies, Inc. has a fifty-two week low of $16.70 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.20 and a current ratio of 0.81.

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

Albertsons Companies Announces Dividend

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

Analysts Set New Price Targets

ACI has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Tigress Financial lifted their price objective on shares of Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Barclays initiated coverage on shares of Albertsons Companies in a report on Monday, July 21st. They set an “underweight” rating and a $19.00 target price for the company. Wells Fargo & Company lowered their price target on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada cut their price target on Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.