The Vanguard Group, Inc. recently announced the acquisition of new stake in Albertsons Companies Inc (NYSE:ACI). The institutional investor has increased its shareholding in the Consumer Defensive company by 9.24% to 32.64 million shares with purchase of 2.76 million shares. This fresh investment now brings its stake to 5.67% valued currently at $710.51 million. In addition, BlackRock Fund Advisors raised its holdings by 3.17 million to 15.56 million shares.
Currently, there are 569.67M common shares owned by the public and among those 330.91M shares have been available to trade.
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Insiders at the company have transacted a total of 86 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 2,180,987 shares. Insider sales of the common stock occurred on 42 occasions, with total insider shares sold totaling 74,503,598 shares.
The top 3 mutual fund holders in Albertsons Companies Inc are Vanguard Total Stock Market ETF, Vanguard Mid Cap Index Fund, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market ETF owns 9.87 million shares of the company’s stock, all valued at over $214.95 million. The company bought an additional 13361.0 shares recently to bring their total holdings to about 1.72% of the shares outstanding. Vanguard Mid Cap Index Fund bought 14431.0 shares to see its total holdings expand to 7.19 million shares valued at over $156.44 million and representing 1.25% of the shares outstanding. Vanguard Extended Market Index Fu bought 75434.0 shares to bring its total holdings to over 5.69 million shares at a value of $123.91 million. Vanguard Extended Market Index Fu now owns shares totaling to 0.99% of the shares outstanding.
However, the script later moved the day high at 22.88, down -0.92%. The company’s stock has a 5-day price change of 2.03% and -3.25% over the past three months. ACI shares are trading 9.06% year to date (YTD), with the 12-month market performance up to 9.49% higher. It has a 12-month low price of $19.14 and touched a high of $23.88 over the same period. ACI has an average intraday trading volume of 2.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.33%, 3.24%, and 5.10% respectively.
Institutional ownership of Albertsons Companies Inc (NYSE: ACI) shares accounts for 45.16% of the company’s 569.67M shares outstanding. Mutual fund holders own 27.97%, while other institutional holders and individual stakeholders account for 55.34% and 17.40% respectively.
It has a market capitalization of $13.03B and a beta (3y monthly) value of 0.52. The stock’s trailing 12-month PE ratio is 11.94, while the earnings-per-share (ttm) stands at $1.89. The company has a PEG of 1.49 and a Quick Ratio of 0.17 with the debt-to-equity ratio at 6.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.59% over the week and 1.32% over the month.
Analysts forecast that Albertsons Companies Inc (ACI) will achieve an EPS of $0.65 for the current quarter, $0.55 for the next quarter and $2.66 for 2025. The lowest estimate earnings-per-share for the quarter is $0.54 while analysts give the company a high EPS estimate of $0.79. Comparatively, EPS for the current quarter was $0.87 a year ago. Earnings per share for the fiscal year are expected to decrease by -18.86%, and -4.28% over the next financial year. EPS should shrink at an annualized rate of 8.00% over the next five years, compared to 87.96% over the past 5-year period.
Looking at the support for the ACI, a number of firms have released research notes about the stock. Tigress Financial stated their Buy rating for the stock in a research note on April 26, 2023, with the firm’s price target at $32-$27.
