Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 53.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,110 shares of the company's stock after selling 11,481 shares during the quarter. Cresset Asset Management LLC's holdings in Albertsons Companies were worth $199,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in shares of Albertsons Companies by 68.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 83,895 shares of the company's stock worth $1,648,000 after purchasing an additional 34,023 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Albertsons Companies in the 4th quarter valued at approximately $1,115,000. Sound Income Strategies LLC purchased a new position in shares of Albertsons Companies in the 4th quarter valued at approximately $254,000. Impact Partnership Wealth LLC acquired a new stake in Albertsons Companies in the 4th quarter worth approximately $453,000. Finally, Perigon Wealth Management LLC grew its position in Albertsons Companies by 44.6% during the 4th quarter. Perigon Wealth Management LLC now owns 23,014 shares of the company's stock worth $465,000 after purchasing an additional 7,093 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACI has been the subject of several research reports. Citigroup assumed coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They set a "buy" rating and a $26.00 price objective for the company. Evercore ISI lowered their price target on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price objective on shares of Albertsons Companies in a report on Wednesday, April 16th. UBS Group decreased their target price on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 target price on shares of Albertsons Companies in a research report on Friday, April 11th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.36.

Albertsons Companies Stock Performance

Shares of NYSE ACI traded down $0.22 during midday trading on Thursday, reaching $21.82. 2,878,655 shares of the stock were exchanged, compared to its average volume of 4,600,566. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.92 and a beta of 0.47. The firm has a 50-day simple moving average of $21.74 and a two-hundred day simple moving average of $20.54. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same quarter in the previous year, the business earned $0.54 EPS. As a group, analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Friday, April 25th. Albertsons Companies's dividend payout ratio is presently 36.59%.

Insiders Place Their Bets

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