Atlas Capital Advisors LLC Sells 850 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Atlas Capital Advisors LLC lessened its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 14.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,959 shares of the company’s stock after selling 850 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Albertsons Companies were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ACI. Invesco Ltd. grew its stake in Albertsons Companies by 24.9% in the 3rd quarter. Invesco Ltd. now owns 605,095 shares of the company’s stock valued at $13,766,000 after purchasing an additional 120,687 shares during the period. Northern Trust Corp grew its stake in Albertsons Companies by 32.0% in the 3rd quarter. Northern Trust Corp now owns 2,096,885 shares of the company’s stock valued at $47,704,000 after purchasing an additional 508,165 shares during the period. Treasurer of the State of North Carolina grew its stake in Albertsons Companies by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 182,956 shares of the company’s stock valued at $4,162,000 after purchasing an additional 930 shares during the period. Qube Research & Technologies Ltd bought a new position in Albertsons Companies in the 3rd quarter valued at $3,908,000. Finally, Bank of Nova Scotia grew its stake in Albertsons Companies by 1,247.8% in the 3rd quarter. Bank of Nova Scotia now owns 343,750 shares of the company’s stock valued at $7,820,000 after purchasing an additional 318,245 shares during the period. Institutional investors own 71.35% of the company’s stock.

Insiders Place Their Bets

In other Albertsons Companies news, CAO Robert Bruce Larson sold 24,362 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $20.24, for a total value of $493,086.88. Following the sale, 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 is accessible through this hyperlink. In other Albertsons Companies news, CAO Robert Bruce Larson sold 24,362 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $20.24, for a total value of $493,086.88. Following the sale, 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 is accessible through this hyperlink. Also, insider Anuj Dhanda sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $20.35, for a total value of $2,035,000.00. Following the completion of the sale, the insider now directly owns 365,297 shares in the company, valued at approximately $7,433,793.95. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank of Canada reduced their price objective on Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, April 23rd. Roth Mkm upgraded Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, April 23rd. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research note on Tuesday, April 23rd. Roth Capital upgraded Albertsons Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Evercore ISI cut their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.45.

Albertsons Companies Stock Down 1.2 %

Shares of NYSE ACI opened at $19.63 on Thursday. Albertsons Companies, Inc. has a 52 week low of $19.47 and a 52 week high of $23.88. The business has a 50-day simple moving average of $20.34 and a two-hundred day simple moving average of $21.15. The company has a quick ratio of 0.18, a current ratio of 0.84 and a debt-to-equity ratio of 2.83. The company has a market cap of $11.37 billion, a P/E ratio of 8.80, a P/E/G ratio of 1.03 and a beta of 0.50.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Monday, April 22nd. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Albertsons Companies had a return on equity of 68.02% and a net margin of 1.64%. The business had revenue of $18.34 billion during the quarter, compared to the consensus estimate of $18.40 billion. Research analysts anticipate that Albertsons Companies, Inc. will post 2.42 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $0.48 annualized dividend and a yield of 2.45%. Albertsons Companies’s dividend payout ratio is currently 21.52%.

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.