Bfsg LLC Sells 600 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Bfsg LLC trimmed its position in Albertsons Companies, Inc. (NYSE:ACI) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,965 shares of the company’s stock after selling 600 shares during the period. Bfsg LLC’s holdings in Albertsons Companies were worth $395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ACI. Capital Advisors Ltd. LLC raised its holdings in Albertsons Companies by 225.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after purchasing an additional 959 shares during the period. WealthCollab LLC grew its holdings in shares of Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock valued at $35,000 after buying an additional 1,454 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock valued at $35,000 after buying an additional 1,358 shares in the last quarter. GAMMA Investing LLC raised its stake in Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock worth $42,000 after buying an additional 1,483 shares during the period. Finally, Fifth Third Bancorp raised its stake in Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company’s stock worth $66,000 after buying an additional 1,061 shares during the period. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Down 1.7%

Albertsons Companies stock opened at $21.15 on Wednesday. The company has a market cap of $12.18 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 2.16 and a beta of 0.46. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The company has a fifty day simple moving average of $21.78 and a 200 day simple moving average of $20.88. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.29.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $18.80 billion during the quarter, compared to analysts’ expectations of $18.78 billion. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. During the same quarter last year, the company earned $0.54 EPS. Research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies’s payout ratio is presently 36.59%.

Insider Activity

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total value of $1,015,122.38. Following the sale, the executive vice president now owns 162,569 shares in the company, valued at $3,488,730.74. This represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ACI shares. JPMorgan Chase & Co. increased their price target on Albertsons Companies from $24.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $26.00 price objective on shares of Albertsons Companies in a research report on Friday, April 11th. Evercore ISI lowered their target price on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Thursday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $23.00 price target on shares of Albertsons Companies in a research note on Wednesday, April 16th. Finally, UBS Group reduced their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.36.

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.