Albertsons Companies, Inc. (ACI) to Issue Quarterly Dividend of $0.15 on February 6th

Albertsons Companies, Inc. (NYSE:ACI) announced a quarterly dividend on Wednesday, January 7th. Shareholders of record on Friday, January 23rd will be paid a dividend of 0.15 per share on Friday, February 6th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, January 23rd.

Albertsons Companies has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Albertsons Companies to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 27.0%.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $17.18 on Wednesday. The firm has a 50-day simple moving average of $17.48 and a 200-day simple moving average of $18.49. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 3.36. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 0.52 and a beta of 0.48. Albertsons Companies has a 52 week low of $15.80 and a 52 week high of $23.20.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Wednesday, January 7th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $19.12 billion for the quarter, compared to analyst estimates of $19.18 billion. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. Albertsons Companies’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. On average, equities analysts predict that Albertsons Companies will post 2.14 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Michael T. Theilmann sold 49,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total value of $863,870.00. Following the sale, the executive vice president directly owned 289,429 shares in the company, valued at approximately $5,102,633.27. The trade was a 14.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Albertsons Companies

A number of institutional investors have recently made changes to their positions in ACI. Cidel Asset Management Inc. acquired a new position in shares of Albertsons Companies in the 4th quarter worth approximately $178,000. Perigon Wealth Management LLC raised its position in Albertsons Companies by 34.5% in the fourth quarter. Perigon Wealth Management LLC now owns 18,392 shares of the company’s stock valued at $316,000 after purchasing an additional 4,720 shares during the period. Kendall Capital Management lifted its stake in Albertsons Companies by 61.3% during the fourth quarter. Kendall Capital Management now owns 47,390 shares of the company’s stock worth $814,000 after purchasing an additional 18,005 shares in the last quarter. RHS Financial LLC boosted its position in shares of Albertsons Companies by 7.4% during the fourth quarter. RHS Financial LLC now owns 23,060 shares of the company’s stock worth $396,000 after buying an additional 1,585 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Albertsons Companies during the fourth quarter worth $242,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

About Albertsons Companies

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.