Insider Selling: Albertsons Companies (NYSE:ACI) EVP Sells $1,935,000.00 in Stock

Albertsons Companies, Inc. (NYSE:ACI) EVP Michael Theilmann sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $19.35, for a total value of $1,935,000.00. Following the completion of the transaction, the executive vice president owned 338,429 shares of the company’s stock, valued at $6,548,601.15. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Albertsons Companies Price Performance

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 stock has a market cap of $10.86 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 3.23 and a beta of 0.49. The business has a 50 day simple moving average of $18.55 and a 200 day simple moving average of $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 business also recently disclosed 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 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 24th. Albertsons Companies’s payout ratio is currently 35.50%.

Institutional Trading of Albertsons Companies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Albertsons Companies during the 1st quarter worth approximately $1,420,000. Bessemer Group Inc. acquired a new stake in shares of Albertsons Companies in the 1st quarter valued at approximately $40,000. Atlas Capital Advisors Inc. grew its stake in shares of Albertsons Companies by 241.6% in the first quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company’s stock valued at $509,000 after buying an additional 16,375 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Albertsons Companies in the first quarter valued at $323,000. Finally, Teacher Retirement System of Texas acquired a new position in Albertsons Companies during the first quarter worth $1,329,000. Institutional investors own 71.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ACI shares. Roth Capital reaffirmed a “buy” rating and issued a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. UBS Group cut their price target on Albertsons Companies from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Wall Street Zen downgraded Albertsons Companies from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Barclays started coverage on Albertsons Companies in a research report on Monday, July 21st. They set an “underweight” rating and a $19.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Albertsons Companies presently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

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.