42,223 Shares of Albertsons Companies, Inc. $ACI Acquired by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC acquired a new position in Albertsons Companies, Inc. (NYSE:ACI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 42,223 shares of the company’s stock, valued at approximately $490,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp lifted its position in Albertsons Companies by 2,707.5% during the first quarter. Fifth Third Bancorp now owns 123,867 shares of the company’s stock valued at $2,111,000 after acquiring an additional 119,455 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Albertsons Companies in the second quarter worth $3,910,000. Public Employees Retirement System of Ohio purchased a new position in Albertsons Companies in the second quarter worth $1,531,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Albertsons Companies during the second quarter worth $3,658,000. Finally, KBC Group NV increased its position in shares of Albertsons Companies by 214.3% during the first quarter. KBC Group NV now owns 174,687 shares of the company’s stock worth $2,977,000 after purchasing an additional 119,109 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Insider Buying and Selling

In other news, CEO Susan Morris purchased 39,409 shares of the stock in a transaction on Tuesday, July 28th. The stock was bought at an average price of $11.42 per share, with a total value of $450,050.78. Following the transaction, the chief executive officer owned 1,092,956 shares in the company, valued at $12,481,557.52. The trade was a 3.74% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sharon Mccollam purchased 9,000 shares of the stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $11.48 per share, with a total value of $103,320.00. Following the transaction, the chief financial officer owned 567,051 shares in the company, valued at $6,509,745.48. This trade represents a 1.61% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 218,909 shares of company stock worth $2,515,826 in the last 90 days. Insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $13.00 price objective (down from $22.00) on shares of Albertsons Companies in a report on Friday, July 24th. JPMorgan Chase & Co. cut Albertsons Companies from an “overweight” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Thursday, October 15th. The Goldman Sachs Group downgraded Albertsons Companies from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Thursday, October 15th. BMO Capital Markets lowered Albertsons Companies from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $23.00 to $12.00 in a research report on Friday, July 24th. Finally, Bank of America reaffirmed an “underperform” rating and set a $12.00 target price (down from $16.00) on shares of Albertsons Companies in a research report on Wednesday, October 14th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Albertsons Companies currently has a consensus rating of “Reduce” and an average price target of $13.42.

Albertsons Companies Trading Up 0.5%

NYSE ACI opened at $13.16 on Tuesday. The company has a fifty day simple moving average of $12.26 and a two-hundred day simple moving average of $14.11. The stock has a market cap of $6.39 billion, a P/E ratio of -119.62, a P/E/G ratio of 2.23 and a beta of 0.40. Albertsons Companies, Inc. has a 12-month low of $10.86 and a 12-month high of $20.00. The company has a current ratio of 0.82, a quick ratio of 0.21 and a debt-to-equity ratio of 5.89.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, October 13th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $18.89 billion during the quarter, compared to the consensus estimate of $18.87 billion. Albertsons Companies had a negative net margin of 0.06% and a positive return on equity of 52.17%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. On average, analysts forecast that Albertsons Companies, Inc. will post 1.65 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be paid a $0.17 dividend. The ex-dividend date is Friday, October 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 5.2%. Albertsons Companies’s dividend payout ratio (DPR) is -618.18%.

About Albertsons Companies

Albertsons Companies, Inc is a U.S. food and drug retailer that operates supermarkets, pharmacies, fuel centers and e-commerce businesses. Its stores offer fresh food, groceries, meat and seafood, bakery and deli items, household products, health and beauty products, and prepared meals.

The company operates through a portfolio of regional and national banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, Pavilions, United Supermarkets, Market Street, Amigos, Carrs, Haggen, Star Market and Kings Food Markets.