Denali Advisors LLC Purchases 32,440 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Denali Advisors LLC raised its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 540,666.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,446 shares of the company’s stock after buying an additional 32,440 shares during the period. Denali Advisors LLC’s holdings in Albertsons Companies were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ACI. Blue Trust Inc. increased its holdings in Albertsons Companies by 255.1% during the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $34,000 after purchasing an additional 1,051 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Albertsons Companies in the fourth quarter valued at $62,000. Van ECK Associates Corp raised its holdings in shares of 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 buying an additional 3,795 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Albertsons Companies by 41.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,616 shares of the company’s stock worth $175,000 after buying an additional 2,250 shares in the last quarter. Finally, Symmetry Partners LLC bought a new stake in Albertsons Companies during the 4th quarter worth about $223,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Price Performance

ACI opened at $19.89 on Thursday. The company has a fifty day moving average price of $20.30 and a two-hundred day moving average price of $21.06. The firm has a market capitalization of $11.52 billion, a PE ratio of 8.92, a P/E/G ratio of 1.02 and a beta of 0.49. Albertsons Companies, Inc. has a 52 week low of $19.47 and a 52 week high of $23.88. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.18 and a current ratio of 0.84.

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

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were paid a $0.12 dividend. The ex-dividend date was Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.41%. Albertsons Companies’s dividend payout ratio (DPR) is presently 21.52%.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of research analyst reports. Evercore ISI dropped their target price on shares of 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. Royal Bank of Canada dropped their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, April 23rd. Roth Mkm upgraded Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, April 23rd. Roth Capital upgraded Albertsons Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.45.

Insider Activity at Albertsons Companies

In other Albertsons Companies news, insider Anuj Dhanda sold 100,000 shares of the company’s stock in a transaction that occurred on 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 owns 365,297 shares of the company’s stock, valued at $7,433,793.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Albertsons Companies news, insider Anuj Dhanda sold 100,000 shares of Albertsons Companies stock in a transaction dated 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 transaction, the insider now directly owns 365,297 shares in the company, valued at $7,433,793.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert Bruce Larson sold 24,362 shares of the 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 completion of the sale, the chief accounting officer now owns 50,241 shares of the company’s stock, valued at $1,016,877.84. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.