Michael Theilmann Sells 100,000 Shares of Albertsons Companies (NYSE:ACI) Stock

Albertsons Companies, Inc. (NYSE:ACI) EVP Michael Theilmann sold 100,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total value of $1,935,000.00. Following the sale, the executive vice president directly owned 338,429 shares of the company’s stock, valued at approximately $6,548,601.15. This trade represents a 22.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock opened at $19.77 on Friday. The firm has a market cap of $10.86 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 3.29 and a beta of 0.49. The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. Albertsons Companies, Inc. has a 52 week low of $16.70 and a 52 week high of $23.20. The business’s fifty day simple moving average is $18.55 and its 200-day simple moving average is $20.41.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be paid a dividend of $0.15 per share. 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 dividend payout ratio (DPR) is 35.50%.

Wall Street Analysts Forecast Growth

ACI has been the topic of a number of research analyst reports. Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Tigress Financial reissued a “buy” rating and issued a $28.00 target price on shares of Albertsons Companies in a research report on Tuesday, July 8th. Weiss Ratings restated a “hold (c)” rating on shares of Albertsons Companies in a research note on Wednesday, October 8th. UBS Group dropped their price objective on Albertsons Companies from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Roth Capital reiterated a “buy” rating and issued a $24.00 price objective (up previously from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Twelve research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Hedge Funds Weigh In On Albertsons Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACI. Norges Bank acquired a new stake in shares of Albertsons Companies in the second quarter valued at $320,613,000. AQR Capital Management LLC increased its holdings in Albertsons Companies by 1,601.1% during the 1st quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock worth $103,807,000 after purchasing an additional 4,451,250 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Albertsons Companies in the 2nd quarter valued at about $81,463,000. Voya Investment Management LLC raised its position in Albertsons Companies by 6,541.5% in the 1st quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company’s stock valued at $81,882,000 after purchasing an additional 3,667,550 shares in the last quarter. Finally, Sound Shore Management Inc CT purchased a new position in shares of Albertsons Companies in the 2nd quarter valued at about $65,530,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

About Albertsons Companies

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.