Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers reduced its stake in Albertsons Companies by 41.1%, selling 24,472 shares, leaving them with 35,112 shares valued at approximately $772,000.
• Albertsons reported a net margin of 1.18% and revenue of $24.88 billion for the latest quarter, beating analyst estimates, while earnings came in at $0.55 per share.
• The company announced a quarterly dividend of $0.15 per share, reflecting an annualized yield of 3.1% and a payout ratio of 36.59%.

Cetera Investment Advisers lowered its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 41.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,112 shares of the company's stock after selling 24,472 shares during the quarter. Cetera Investment Advisers' holdings in Albertsons Companies were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. WealthCollab LLC raised its stake in Albertsons Companies by 446.0% in the fourth 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 last quarter. Bessemer Group Inc. purchased a new position in Albertsons Companies during the first quarter valued at approximately $40,000. GAMMA Investing LLC increased its position in shares of Albertsons Companies by 340.1% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after buying an additional 1,483 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Albertsons Companies by 54.8% in the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after buying an additional 1,061 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Albertsons Companies by 100.0% in the first quarter. Blue Trust Inc. now owns 3,370 shares of the company's stock worth $74,000 after acquiring an additional 1,685 shares during the last quarter. Institutional investors own 71.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Albertsons Companies from $31.00 to $29.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Wall Street Zen raised Albertsons Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Barclays began coverage on Albertsons Companies in a research note on Monday, July 21st. They set an "underweight" rating and a $19.00 price objective on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $24.00 price objective on shares of Albertsons Companies in a research note on Wednesday, July 16th. Finally, Roth Capital reissued a "buy" rating and set a $24.00 price objective (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Albertsons Companies has a consensus rating of "Moderate Buy" and a consensus price target of $24.06.

Albertsons Companies Trading Up 0.7%

Shares of ACI stock traded up $0.13 on Friday, hitting $19.19. The stock had a trading volume of 4,478,584 shares, compared to its average volume of 6,052,325. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. The firm has a market capitalization of $10.74 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.96 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's 50 day moving average price is $20.77 and its 200-day moving average price is $21.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The company had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. During the same quarter in the prior year, the business earned $0.66 EPS. Albertsons Companies's revenue was up 2.5% on a year-over-year basis. Analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies's dividend payout ratio is currently 36.59%.

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.