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

Albertsons Companies, Inc. (NYSE:ACI) insider Anuj Dhanda sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $20.35, for a total transaction of $2,035,000.00. Following the completion of the sale, the insider now owns 365,297 shares in the company, valued at $7,433,793.95. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Albertsons Companies Stock Up 0.8 %

NYSE:ACI opened at $20.57 on Thursday. The firm’s 50 day simple moving average is $20.76 and its 200 day simple moving average is $21.53. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.84 and a quick ratio of 0.18. Albertsons Companies, Inc. has a one year low of $19.84 and a one year high of $23.88. The company has a market cap of $11.88 billion, a PE ratio of 9.22, a P/E/G ratio of 1.03 and a beta of 0.50.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors 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 yield of 2.33%. Albertsons Companies’s dividend payout ratio is presently 21.52%.

Institutional Investors Weigh In On Albertsons Companies

Hedge funds have recently added to or reduced their stakes in the business. Peddock Capital Advisors LLC raised its holdings 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 purchasing an additional 500 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Albertsons Companies by 0.5% during the 3rd 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 last quarter. Verus Capital Partners LLC raised its holdings in Albertsons Companies by 3.7% during the 3rd quarter. Verus Capital Partners LLC now owns 14,998 shares of the company’s stock worth $341,000 after purchasing an additional 540 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in Albertsons Companies by 3.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,645 shares of the company’s stock worth $379,000 after purchasing an additional 600 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings 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 worth $3,865,000 after purchasing an additional 620 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ACI shares. Evercore ISI reduced 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. Roth Capital upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada reduced their price target 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. Roth Mkm upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, April 23rd. Finally, Tigress Financial reiterated a “buy” rating and set a $27.00 target price on shares of Albertsons Companies in a research report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus target price 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.