Albertsons Companies (NYSE:ACI) CFO Sharon Mccollam Acquires 9,000 Shares

Albertsons Companies, Inc. (NYSE:ACI) CFO Sharon Mccollam acquired 9,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $11.48 per share, for a total transaction of $103,320.00. Following the completion of the acquisition, the chief financial officer owned 567,051 shares in the company, valued at approximately $6,509,745.48. The trade was a 1.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Albertsons Companies Stock Performance

NYSE:ACI opened at $11.48 on Tuesday. Albertsons Companies, Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $20.02. The company has a debt-to-equity ratio of 5.22, a quick ratio of 0.21 and a current ratio of 0.84. The company has a 50 day moving average price of $14.23 and a 200 day moving average price of $16.13. The stock has a market capitalization of $5.57 billion, a P/E ratio of 143.56, a PEG ratio of 1.99 and a beta of 0.42.

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

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued 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 is Friday, July 24th. Albertsons Companies’s dividend payout ratio (DPR) is 850.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Albertsons Companies by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock valued at $675,305,000 after purchasing an additional 5,110,777 shares during the last quarter. Norges Bank acquired a new position in shares of Albertsons Companies during the fourth quarter worth $388,089,000. Dimensional Fund Advisors LP increased its holdings in Albertsons Companies by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 15,013,525 shares of the company’s stock valued at $255,855,000 after buying an additional 1,583,741 shares during the last quarter. Morgan Stanley increased its holdings in Albertsons Companies by 101.0% in the fourth quarter. Morgan Stanley now owns 11,687,694 shares of the company’s stock valued at $200,678,000 after buying an additional 5,873,759 shares during the last quarter. Finally, LSV Asset Management raised its stake in Albertsons Companies by 1.7% in the fourth quarter. LSV Asset Management now owns 11,130,407 shares of the company’s stock valued at $191,109,000 after buying an additional 183,900 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $13.00 price objective (down from $22.00) on shares of Albertsons Companies in a research note on Friday, July 24th. BMO Capital Markets downgraded shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $23.00 to $12.00 in a research note on Friday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of Albertsons Companies from $20.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Zacks Research cut shares of Albertsons Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Barclays dropped 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 note on Friday, July 24th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.31.

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.