Insider Selling: Albertsons Companies, Inc. (NYSE:ACI) CAO Sells 24,362 Shares of Stock

Albertsons Companies, Inc. (NYSE:ACI) CAO Robert Bruce Larson sold 24,362 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $20.24, for a total value of $493,086.88. Following the sale, the chief accounting officer now directly owns 50,241 shares in the company, valued at $1,016,877.84. The transaction was disclosed in a filing with the SEC, which is available at this link.

Albertsons Companies Trading Down 0.7 %

Albertsons Companies stock opened at $20.57 on Friday. Albertsons Companies, Inc. has a 52-week low of $19.84 and a 52-week high of $23.88. The company has a quick ratio of 0.18, a current ratio of 0.84 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 1.05 and a beta of 0.51. The firm has a 50-day moving average price of $20.71 and a two-hundred day moving average price of $21.51.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 annualized dividend and a dividend yield of 2.33%. Albertsons Companies’s dividend payout ratio is presently 21.52%.

Hedge Funds Weigh In On Albertsons Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peddock Capital Advisors LLC boosted its position in Albertsons Companies by 2.2% during the 4th quarter. Peddock Capital Advisors LLC now owns 23,401 shares of the company’s stock worth $538,000 after acquiring an additional 500 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Albertsons Companies by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock worth $2,455,000 after purchasing an additional 519 shares during the period. Verus Capital Partners LLC grew its position in Albertsons Companies by 3.7% in the 3rd quarter. Verus Capital Partners LLC now owns 14,998 shares of the company’s stock valued at $341,000 after buying an additional 540 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in Albertsons Companies by 3.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,645 shares of the company’s stock valued at $379,000 after buying an additional 600 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in Albertsons Companies by 0.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 169,902 shares of the company’s stock valued at $3,865,000 after buying an additional 620 shares during the period. 71.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ACI. Tigress Financial reiterated a “buy” rating and set a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Royal Bank of Canada lowered their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, April 23rd. Roth Mkm upgraded 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. Evercore ISI lowered their target price on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.45.

Albertsons Companies Company Profile

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.