Albertsons Companies, Inc. (NYSE:ACI) CAO Sells $493,086.88 in Stock

Albertsons Companies, Inc. (NYSE:ACI) CAO Robert Bruce Larson sold 24,362 shares of Albertsons Companies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $20.24, for a total transaction of $493,086.88. Following the completion of the sale, the chief accounting officer now directly owns 50,241 shares in the company, valued at approximately $1,016,877.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Albertsons Companies Trading Down 0.7 %

Shares of ACI 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’s fifty day moving average is $20.71 and its two-hundred day moving average is $21.50. The stock has a market cap of $11.88 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 1.06 and a beta of 0.51.

Albertsons Companies Dividend Announcement

The company also recently declared 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 is Thursday, April 25th. This represents a $0.48 annualized dividend and a dividend yield of 2.33%. Albertsons Companies’s payout ratio is 21.52%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ACI. Roth Capital raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 23rd. Tigress Financial reissued a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a research note on Friday, January 12th. Evercore ISI dropped their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Royal Bank of Canada lowered their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 23rd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ACI. SG Americas Securities LLC acquired a new position in shares of Albertsons Companies during the 3rd quarter valued at about $364,000. Asset Management One Co. Ltd. boosted its position in shares of Albertsons Companies by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock valued at $2,455,000 after acquiring an additional 519 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Albertsons Companies by 7.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 53,176 shares of the company’s stock valued at $1,210,000 after acquiring an additional 3,811 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new position in shares of Albertsons Companies during the 3rd quarter valued at about $220,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Albertsons Companies by 14.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,263,666 shares of the company’s stock valued at $51,498,000 after acquiring an additional 287,518 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

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.