Albertsons Companies, Inc. (NYSE:ACI – Get Rating) EVP Evan Rainwater sold 25,242 shares of Albertsons Companies stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $27.38, for a total transaction of $691,125.96. Following the completion of the transaction, the executive vice president now directly owns 19,691 shares of the company’s stock, valued at approximately $539,139.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
ACI traded up $0.77 on Thursday, reaching $29.16. 89,792 shares of the company’s stock were exchanged, compared to its average volume of 1,934,099. The stock has a market cap of $13.62 billion, a PE ratio of 10.29, a P/E/G ratio of 1.75 and a beta of 0.31. Albertsons Companies, Inc. has a twelve month low of $19.05 and a twelve month high of $37.99. The stock’s fifty day moving average price is $30.22 and its 200-day moving average price is $30.95. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.00 and a quick ratio of 0.46.
Albertsons Companies (NYSE:ACI – Get Rating) last posted its quarterly earnings results on Tuesday, April 12th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $16.85 billion. Albertsons Companies had a net margin of 2.25% and a return on equity of 79.21%. Albertsons Companies’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. As a group, research analysts predict that Albertsons Companies, Inc. will post 2.7 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 10th. Investors of record on Tuesday, April 26th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, April 25th. This represents a $0.48 dividend on an annualized basis and a yield of 1.65%. Albertsons Companies’s payout ratio is presently 16.96%.
A number of research analysts have weighed in on ACI shares. Tigress Financial lifted their price objective on shares of Albertsons Companies from $27.00 to $32.00 in a report on Friday, April 29th. Royal Bank of Canada lifted their price objective on shares of Albertsons Companies from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 13th. Morgan Stanley lifted their price objective on shares of Albertsons Companies from $26.00 to $28.00 and gave the company an “underweight” rating in a report on Wednesday, April 13th. UBS Group boosted their target price on shares of Albertsons Companies from $31.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, April 11th. Finally, Guggenheim boosted their target price on shares of Albertsons Companies from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.42.
A number of institutional investors and hedge funds have recently bought and sold shares of ACI. Verition Fund Management LLC boosted its holdings in Albertsons Companies by 355.4% in the 1st quarter. Verition Fund Management LLC now owns 239,851 shares of the company’s stock valued at $7,975,000 after purchasing an additional 187,179 shares during the last quarter. Castellan Group boosted its holdings in Albertsons Companies by 8.1% in the 1st quarter. Castellan Group now owns 100,205 shares of the company’s stock valued at $3,332,000 after purchasing an additional 7,530 shares during the last quarter. Toroso Investments LLC acquired a new position in Albertsons Companies in the 1st quarter valued at about $217,000. Weiss Multi Strategy Advisers LLC acquired a new position in Albertsons Companies in the 1st quarter valued at about $7,946,000. Finally, Avalon Investment & Advisory boosted its holdings in Albertsons Companies by 1.2% in the 1st quarter. Avalon Investment & Advisory now owns 623,818 shares of the company’s stock valued at $20,742,000 after purchasing an additional 7,632 shares during the last quarter. Hedge funds and other institutional investors own 62.12% 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. It also manufactures and processes food products for sale in stores.
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Read More: Insider Selling: Albertsons Companies, Inc. (NYSE:ACI) EVP Sells 25,242 Shares of Stock