Albertsons Companies, Inc. (NYSE:ACI) Insider Anuj Dhanda Sells 100,000 Shares of Stock

Albertsons Companies, Inc. (NYSE:ACI) insider Anuj Dhanda sold 100,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $20.35, for a total transaction of $2,035,000.00. Following the completion of the transaction, the insider now directly owns 365,297 shares of the company’s stock, valued at $7,433,793.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Albertsons Companies Trading Up 0.8 %

ACI opened at $20.57 on Thursday. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.84 and a quick ratio of 0.18. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 1.03 and a beta of 0.50. The firm has a 50 day simple moving average of $20.76 and a 200 day simple moving average of $21.53. Albertsons Companies, Inc. has a fifty-two week low of $19.84 and a fifty-two week high of $23.88.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is 21.52%.

Institutional Investors Weigh In On Albertsons Companies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Albertsons Companies by 9.8% during the third quarter. Vanguard Group Inc. now owns 33,144,018 shares of the company’s stock worth $754,026,000 after buying an additional 2,950,786 shares during the last quarter. Norges Bank bought a new stake in Albertsons Companies in the fourth quarter valued at approximately $312,510,000. LSV Asset Management increased its stake in Albertsons Companies by 6.0% in the fourth quarter. LSV Asset Management now owns 4,992,700 shares of the company’s stock valued at $114,832,000 after purchasing an additional 283,100 shares in the last quarter. Alpine Associates Management Inc. increased its stake in Albertsons Companies by 3.1% in the fourth quarter. Alpine Associates Management Inc. now owns 4,401,418 shares of the company’s stock valued at $101,233,000 after purchasing an additional 133,900 shares in the last quarter. Finally, Segantii Capital Management Ltd increased its stake in Albertsons Companies by 23.7% in the fourth quarter. Segantii Capital Management Ltd now owns 4,125,207 shares of the company’s stock valued at $94,880,000 after purchasing an additional 790,207 shares in the last quarter. 71.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Roth Capital raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada dropped their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, April 23rd. Evercore ISI dropped their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Finally, Roth Mkm raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Albertsons Companies presently has an average rating of “Moderate Buy” and an average target price of $24.45.

About Albertsons Companies

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.