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

Atlas Capital Advisors LLC reduced its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 14.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Albertsons Companies by 255.1% in the fourth quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $34,000 after acquiring an additional 1,051 shares during the period. Principal Securities Inc. bought a new position in Albertsons Companies in the fourth quarter valued at about $62,000. Van ECK Associates Corp lifted its holdings in Albertsons Companies by 167.3% in the fourth quarter. Van ECK Associates Corp now owns 6,064 shares of the company’s stock valued at $140,000 after acquiring an additional 3,795 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Albertsons Companies by 41.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,616 shares of the company’s stock valued at $175,000 after acquiring an additional 2,250 shares during the period. Finally, Symmetry Partners LLC bought a new position in Albertsons Companies in the fourth quarter valued at about $223,000. 71.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Albertsons Companies Stock Performance

NYSE:ACI opened at $19.63 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.18 and a debt-to-equity ratio of 2.83. Albertsons Companies, Inc. has a 12-month low of $19.47 and a 12-month high of $23.88. The stock has a 50-day moving average price of $20.34 and a 200 day moving average price of $21.15. The stock has a market capitalization 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 released its earnings results on Monday, April 22nd. The company reported $0.51 earnings per share (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 firm had revenue of $18.34 billion during the quarter, compared to analysts’ expectations of $18.40 billion. Equities research analysts forecast that Albertsons Companies, Inc. will post 2.42 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

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

Insider Buying and Selling at Albertsons Companies

In other Albertsons Companies news, CAO Robert Bruce Larson sold 24,362 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $20.24, for a total transaction of $493,086.88. Following the completion of the transaction, the chief accounting officer now owns 50,241 shares in the company, valued at approximately $1,016,877.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Albertsons Companies news, insider Anuj Dhanda sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $20.35, for a total transaction of $2,035,000.00. Following the completion of the transaction, the insider now owns 365,297 shares in the company, valued at approximately $7,433,793.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robert Bruce Larson sold 24,362 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $20.24, for a total value of $493,086.88. Following the transaction, the chief accounting officer now owns 50,241 shares of the company’s stock, valued at approximately $1,016,877.84. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Albertsons Companies 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.