Outfitter Financial LLC Has $757,000 Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Outfitter Financial LLC decreased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,908 shares of the company’s stock after selling 32,880 shares during the period. Outfitter Financial LLC’s holdings in Albertsons Companies were worth $757,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACI. NBC Securities Inc. acquired a new position in Albertsons Companies during the 3rd quarter worth about $28,000. Blue Trust Inc. lifted its position 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 during the period. Van ECK Associates Corp acquired a new position in Albertsons Companies during the 3rd quarter valued at about $52,000. CI Investments Inc. lifted its position in Albertsons Companies by 21.8% during the 3rd quarter. CI Investments Inc. now owns 4,373 shares of the company’s stock valued at $99,000 after purchasing an additional 783 shares during the period. Finally, Beverly Hills Private Wealth LLC acquired a new position in Albertsons Companies during the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ACI. Royal Bank of Canada cut their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd. Roth Capital upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 23rd. Telsey Advisory Group restated a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research report on Tuesday, April 23rd. Evercore ISI cut their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a research note on Friday, January 12th. Two equities 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, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus target price of $24.45.

Insider Activity

In related news, insider Anuj Dhanda sold 100,000 shares of the 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 sale, the insider now directly owns 365,297 shares of the company’s stock, valued at approximately $7,433,793.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Anuj Dhanda sold 100,000 shares of the 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 sale, the insider now directly owns 365,297 shares of the company’s stock, valued at approximately $7,433,793.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the chief accounting officer now directly owns 50,241 shares of the company’s stock, valued at $1,016,877.84. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Albertsons Companies Trading Up 0.2 %

Shares of ACI stock traded up $0.04 on Friday, reaching $20.74. The company had a trading volume of 195,582 shares, compared to its average volume of 3,239,270. The company has a current ratio of 0.84, a quick ratio of 0.18 and a debt-to-equity ratio of 2.83. The stock has a market cap of $11.98 billion, a PE ratio of 9.28, a PEG ratio of 1.05 and a beta of 0.51. The company has a 50-day moving average of $20.70 and a 200-day moving average of $21.46. Albertsons Companies, Inc. has a 12 month low of $19.84 and a 12 month high of $23.88.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a $0.12 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.31%. Albertsons Companies’s dividend payout ratio (DPR) is presently 21.52%.

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.