Albertsons Companies, Inc. (NYSE:ACI) CAO Sells $495,999.00 in Stock

Albertsons Companies, Inc. (NYSE:ACIGet Rating) CAO Robert Bruce Larson sold 15,746 shares of the company’s stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $31.50, for a total value of $495,999.00. Following the transaction, the chief accounting officer now directly owns 115,241 shares in the company, valued at approximately $3,630,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Robert Bruce Larson also recently made the following trade(s):

  • On Thursday, April 14th, Robert Bruce Larson sold 19,087 shares of Albertsons Companies stock. The stock was sold at an average price of $32.33, for a total value of $617,082.71.

ACI stock opened at $32.13 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.46 and a current ratio of 1.00. Albertsons Companies, Inc. has a 1 year low of $17.88 and a 1 year high of $37.99. The firm has a market cap of $15.01 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.11. The stock has a 50-day simple moving average of $33.38 and a 200-day simple moving average of $31.79.

Albertsons Companies (NYSE:ACIGet Rating) last posted its earnings results on Tuesday, April 12th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. Albertsons Companies had a return on equity of 79.21% and a net margin of 2.25%. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $16.85 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Albertsons Companies, Inc. will post 2.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 10th. Shareholders of record on Tuesday, April 26th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 25th. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. Albertsons Companies’s dividend payout ratio (DPR) is presently 16.96%.

Large investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new position in Albertsons Companies during the 1st quarter worth approximately $33,000. Deseret Mutual Benefit Administrators lifted its holdings in Albertsons Companies by 108.1% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,136 shares of the company’s stock worth $35,000 after buying an additional 590 shares during the last quarter. AlphaCentric Advisors LLC bought a new position in Albertsons Companies during the 4th quarter worth approximately $54,000. Metropolitan Life Insurance Co NY bought a new position in Albertsons Companies during the 4th quarter worth approximately $93,000. Finally, Schroder Investment Management Group bought a new position in Albertsons Companies during the 4th quarter worth approximately $104,000. 58.30% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on ACI. Zacks Investment Research lowered Albertsons Companies from a “strong-buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a report on Tuesday, March 15th. MKM Partners boosted their target price on Albertsons Companies from $31.00 to $33.00 in a research report on Thursday, January 13th. Morgan Stanley upped their price objective on Albertsons Companies from $26.00 to $28.00 and gave the company an “underweight” rating in a research report on Wednesday, April 13th. UBS Group increased their target price on Albertsons Companies from $31.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, April 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Albertsons Companies from $40.00 to $42.00 in a research report on Thursday, April 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.46.

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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