J. Goldman & Co LP Sells 31,881 Shares of Albertsons Companies, Inc. (NYSE:ACI)

J. Goldman & Co LP trimmed its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,119 shares of the company's stock after selling 31,881 shares during the period. J. Goldman & Co LP's holdings in Albertsons Companies were worth $4,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC raised its stake in shares of Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after buying an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Albertsons Companies by 225.1% during 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 during the last quarter. EverSource Wealth Advisors LLC increased its stake in Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after purchasing an additional 1,358 shares in the last quarter. WealthCollab LLC increased 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 purchasing an additional 1,454 shares in the last quarter. Finally, Ossiam bought a new stake in Albertsons Companies in the fourth quarter valued at approximately $93,000. 71.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Omer Gajial sold 47,303 shares of the stock in a transaction on Wednesday, May 14th. The shares were 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 in the company, valued at approximately $3,488,730.74. This represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Tigress Financial upped their target price on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Citigroup assumed coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They issued a "buy" rating and a $26.00 target price for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. Evercore ISI lowered their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Thursday, April 17th. Finally, BMO Capital Markets raised shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and upped their target price for the company from $19.00 to $25.00 in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.36.

Albertsons Companies Stock Up 0.9%

Shares of Albertsons Companies stock traded up $0.20 on Friday, hitting $22.10. The company had a trading volume of 4,788,436 shares, compared to its average volume of 4,596,494. The firm has a market capitalization of $12.72 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The stock has a 50-day moving average of $21.69 and a 200-day moving average of $20.48.

Albertsons Companies (NYSE:ACI - Get Free Report) last released 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 company had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same quarter in the prior year, the company earned $0.54 earnings per share. Research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies's payout ratio is 36.59%.

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.