Private Wealth Partners LLC Sells 80,741 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Private Wealth Partners LLC lowered its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 67.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,630 shares of the company's stock after selling 80,741 shares during the period. Private Wealth Partners LLC's holdings in Albertsons Companies were worth $871,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV raised its position in shares of Albertsons Companies by 1.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company's stock worth $941,000 after buying an additional 891 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Albertsons Companies by 225.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after buying an additional 959 shares in the last quarter. Fifth Third Bancorp raised 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 worth $66,000 after buying an additional 1,061 shares in the last quarter. Twin Capital Management Inc. raised its position in shares of Albertsons Companies by 2.9% in the fourth quarter. Twin Capital Management Inc. now owns 40,476 shares of the company's stock worth $795,000 after buying an additional 1,146 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its position in shares of Albertsons Companies by 4.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company's stock worth $486,000 after buying an additional 1,153 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies Trading Up 2.8%

Shares of NYSE:ACI traded up $0.59 on Friday, reaching $21.68. 8,277,709 shares of the company traded hands, compared to its average volume of 4,803,387. The business's 50-day simple moving average is $21.78 and its 200 day simple moving average is $20.91. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. The stock has a market capitalization of $12.48 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 2.11 and a beta of 0.46. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.29.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. The firm had revenue of $18.80 billion for the quarter, compared to analysts' expectations of $18.78 billion. During the same period last year, the firm earned $0.54 earnings per share. As a group, equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.15 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.77%. Albertsons Companies's payout ratio is presently 36.59%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research report on Friday, April 11th. Tigress Financial raised their price target on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. BMO Capital Markets upgraded Albertsons Companies from a "market perform" rating to an "outperform" rating and raised their price target for the company from $19.00 to $25.00 in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.36.

Insider Buying and Selling

In related news, EVP Omer Gajial sold 47,303 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total value of $1,015,122.38. Following the sale, the executive vice president now directly owns 162,569 shares of the company's stock, valued at $3,488,730.74. This trade represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.26% of the stock is owned by 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.