Insider Selling: Albertsons Companies, Inc. (NYSE:ACI) CAO Sells 19,087 Shares of Stock

Albertsons Companies, Inc. (NYSE:ACIGet Rating) CAO Robert Bruce Larson sold 19,087 shares of the stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $32.33, for a total value of $617,082.71. Following the completion of the sale, the chief accounting officer now owns 115,241 shares in the company, valued at approximately $3,725,741.53. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NYSE ACI traded up $0.59 during midday trading on Monday, reaching $33.00. 90,962 shares of the company were exchanged, compared to its average volume of 2,418,717. The stock’s 50-day moving average price is $32.72 and its 200-day moving average price is $31.58. The stock has a market cap of $15.42 billion, a P/E ratio of 11.45, a PEG ratio of 1.91 and a beta of 0.11. The company has a quick ratio of 0.46, a current ratio of 1.00 and a debt-to-equity ratio of 2.36. Albertsons Companies, Inc. has a one year low of $17.73 and a one year high of $37.99.

Albertsons Companies (NYSE:ACIGet Rating) last posted its earnings results on Tuesday, April 12th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.65 by $0.10. Albertsons Companies had a net margin of 2.25% and a return on equity of 79.21%. The business had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $16.85 billion. During the same period last year, the company earned $0.60 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that Albertsons Companies, Inc. will post 2.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 10th. Stockholders of record on Tuesday, April 26th will be paid a $0.12 dividend. The ex-dividend date is Monday, April 25th. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. Albertsons Companies’s payout ratio is 16.96%.

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Albertsons Companies from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 13th. Royal Bank of Canada boosted their price target on Albertsons Companies from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 13th. Telsey Advisory Group upped their price target on shares of Albertsons Companies from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, January 7th. Barclays boosted their price objective on shares of Albertsons Companies from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, January 12th. Finally, MKM Partners raised their target price on shares of Albertsons Companies from $31.00 to $33.00 in a report on Thursday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.46.

Several institutional investors and hedge funds have recently modified their holdings of ACI. AE Wealth Management LLC boosted its holdings in Albertsons Companies by 4.8% in the first quarter. AE Wealth Management LLC now owns 29,230 shares of the company’s stock valued at $972,000 after acquiring an additional 1,338 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Albertsons Companies during the first quarter worth $267,000. Scout Investments Inc. acquired a new position in Albertsons Companies in the first quarter valued at $35,099,000. Edmonds Duncan Registered Investment Advisors LLC bought a new stake in Albertsons Companies during the first quarter valued at $286,000. Finally, Bowling Portfolio Management LLC acquired a new stake in Albertsons Companies during the 1st quarter worth about $1,263,000. Institutional investors own 58.30% of the company’s stock.

About Albertsons Companies (Get Rating)

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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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