Albertsons Companies (NYSE:ACI) Insider Sells $4,427,500.00 in Stock

Albertsons Companies, Inc. (NYSE:ACI) insider Anuj Dhanda sold 230,000 shares of the business’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total transaction of $4,427,500.00. Following the completion of the transaction, the insider directly owned 300,577 shares in the company, valued at $5,786,107.25. This trade represents a 43.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Albertsons Companies Stock Performance

Shares of NYSE ACI opened at $19.77 on Monday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.20 and a current ratio of 0.81. The company has a market cap of $10.86 billion, a P/E ratio of 11.70, a P/E/G ratio of 3.23 and a beta of 0.49. The firm’s fifty day moving average is $18.55 and its two-hundred day moving average is $20.40. Albertsons Companies, Inc. has a 52-week low of $16.70 and a 52-week high of $23.20.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, October 24th. Albertsons Companies’s payout ratio is currently 35.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Wells Fargo & Company cut their target price on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Albertsons Companies in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered their price objective on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Finally, Bank of America dropped their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Albertsons Companies currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Institutional Trading of Albertsons Companies

A number of institutional investors have recently bought and sold shares of ACI. E. Ohman J or Asset Management AB boosted its stake in Albertsons Companies by 32.4% during the third quarter. E. Ohman J or Asset Management AB now owns 1,700,441 shares of the company’s stock worth $29,775,000 after buying an additional 416,493 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Albertsons Companies by 130.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock worth $26,000 after acquiring an additional 827 shares during the last quarter. DAVENPORT & Co LLC bought a new stake in shares of Albertsons Companies in the 3rd quarter worth about $448,000. Farther Finance Advisors LLC boosted its stake in shares of Albertsons Companies by 404.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,047 shares of the company’s stock worth $123,000 after purchasing an additional 5,650 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in Albertsons Companies during the 3rd quarter valued at about $742,000. 71.35% of the stock is currently owned by institutional investors.

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.