Susan Morris Purchases 39,409 Shares of Albertsons Companies (NYSE:ACI) Stock

Albertsons Companies, Inc. (NYSE:ACI) CEO Susan Morris bought 39,409 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were bought at an average price of $11.42 per share, for a total transaction of $450,050.78. Following the transaction, the chief executive officer directly owned 1,092,956 shares in the company, valued at $12,481,557.52. This trade represents a 3.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Albertsons Companies Stock Down 0.3%

Shares of NYSE ACI opened at $11.56 on Friday. 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 firm has a market cap of $5.61 billion, a PE ratio of 144.50, a P/E/G ratio of 1.99 and a beta of 0.42. The company’s fifty day simple moving average is $14.32 and its 200 day simple moving average is $16.18. Albertsons Companies, Inc. has a 12-month low of $10.86 and a 12-month high of $20.02.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.12). Albertsons Companies had a net margin of 0.08% and a return on equity of 45.59%. The company had revenue of $24.94 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same period last year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Albertsons Companies has set its FY 2026 guidance at 1.750-1.850 EPS. As a group, sell-side analysts forecast that Albertsons Companies, Inc. will post 1.64 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, July 24th. Albertsons Companies’s dividend payout ratio is 850.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ACI shares. UBS Group reiterated a “neutral” rating and issued a $12.00 price target (down from $20.00) on shares of Albertsons Companies in a report on Tuesday. JPMorgan Chase & Co. lowered their target price 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. Weiss Ratings lowered Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Barclays reduced their price target on shares of Albertsons Companies from $17.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, July 24th. Finally, Royal Bank Of Canada decreased their price target on shares of Albertsons Companies from $20.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.31.

Hedge Funds Weigh In On Albertsons Companies

A number of hedge funds have recently bought and sold shares of the company. CWM LLC raised its holdings in shares of Albertsons Companies by 103.5% in the fourth quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 730 shares during the last quarter. NBC Securities Inc. boosted its holdings in Albertsons Companies by 91.2% during the fourth quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock worth $32,000 after purchasing an additional 885 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Albertsons Companies by 172.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock worth $35,000 after purchasing an additional 1,306 shares during the last quarter. Allworth Financial LP grew its position in Albertsons Companies by 64.5% in the 3rd quarter. Allworth Financial LP now owns 2,799 shares of the company’s stock worth $49,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Albertsons Companies by 44.2% in the 4th quarter. Fifth Third Bancorp now owns 4,412 shares of the company’s stock worth $76,000 after purchasing an additional 1,353 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

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.