Robert Bruce Larson Sells 24,362 Shares of Albertsons Companies, Inc. (NYSE:ACI) Stock

Albertsons Companies, Inc. (NYSE:ACI) CAO Robert Bruce Larson sold 24,362 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 50,241 shares of the company’s stock, valued at approximately $1,016,877.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Albertsons Companies Stock Performance

NYSE ACI traded down $0.15 on Friday, hitting $20.57. 1,421,399 shares of the company’s stock traded hands, compared to its average volume of 3,343,265. The firm has a market capitalization of $11.87 billion, a PE ratio of 9.29, a P/E/G ratio of 1.05 and a beta of 0.51. Albertsons Companies, Inc. has a 1-year low of $19.84 and a 1-year high of $23.88. The firm’s 50-day moving average price is $20.73 and its two-hundred day moving average price is $21.52. The company has a current ratio of 0.84, a quick ratio of 0.18 and a debt-to-equity ratio of 2.83.

Albertsons Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ACI shares. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Tuesday, April 23rd. Roth Capital upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 23rd. Roth Mkm raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, April 23rd. Royal Bank of Canada cut their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, April 23rd. Finally, Evercore ISI lowered their price objective on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Two research 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 has an average rating of “Moderate Buy” and a consensus target price of $24.45.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ACI. Norges Bank acquired a new stake in shares of Albertsons Companies during the 4th quarter worth approximately $312,510,000. Vanguard Group Inc. boosted its position in Albertsons Companies by 9.8% during the third quarter. Vanguard Group Inc. now owns 33,144,018 shares of the company’s stock worth $754,026,000 after purchasing an additional 2,950,786 shares in the last quarter. Westchester Capital Management LLC acquired a new stake in Albertsons Companies in the third quarter valued at approximately $64,739,000. Hsbc Holdings PLC lifted its position in shares of Albertsons Companies by 232.2% during the 3rd quarter. Hsbc Holdings PLC now owns 2,485,704 shares of the company’s stock valued at $56,596,000 after buying an additional 1,737,466 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Albertsons Companies by 95.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,230,794 shares of the company’s stock valued at $50,751,000 after purchasing an additional 1,092,150 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

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.