Michael Theilmann Sells 100,000 Shares of Albertsons Companies (NYSE:ACI) Stock

Key Points

• Michael Theilmann, EVP of Albertsons Companies, sold 100,000 shares at an average price of $19.35, totaling $1.94 million, leading to a 22.81% decrease in his position.
• Albertsons stock is currently trading at $19.77, with a market capitalization of $10.86 billion and a consensus rating of "Moderate Buy" with a target price of $23.50.
• The company declared a quarterly dividend of $0.15 per share, with a payout ratio of 35.50%, expected to be paid on November 7th to investors of record by October 24th.

Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) EVP Michael Theilmann sold 100,000 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total value of $1,935,000.00. Following the completion of the transaction, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. This trade represents a 22.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Albertsons Companies Stock Up 2.8%

Shares of ACI stock traded up $0.54 during mid-day trading on Friday, hitting $19.77. The stock had a trading volume of 9,883,835 shares, compared to its average volume of 6,284,568. Albertsons Companies, Inc. has a 12-month low of $16.70 and a 12-month high of $23.20. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.81 and a quick ratio of 0.18. The firm's 50-day moving average is $18.55 and its two-hundred day moving average is $20.45. The firm has a market capitalization of $10.86 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 1.96 and a beta of 0.49.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $24.88 billion during the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a return on equity of 36.39% and a net margin of 1.20%.The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. On average, analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 24th. Albertsons Companies's dividend payout ratio (DPR) is presently 35.50%.

Wall Street Analyst Weigh In

ACI has been the topic of a number of analyst reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a report on Wednesday. Tigress Financial reiterated a "buy" rating and issued a $28.00 target price on shares of Albertsons Companies in a research note on Tuesday, July 8th. Zacks Research upgraded shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Barclays began coverage on shares of Albertsons Companies in a report on Monday, July 21st. They issued an "underweight" rating and a $19.00 price target on the stock. Finally, Royal Bank Of Canada cut their price objective on shares of Albertsons Companies from $23.00 to $21.00 and set an "outperform" rating on the stock in a research report on Friday, October 3rd. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. West Oak Capital LLC acquired a new stake in shares of Albertsons Companies during the second quarter worth $30,000. Harbor Capital Advisors Inc. raised its stake in Albertsons Companies by 130.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company's stock worth $26,000 after acquiring an additional 827 shares during the last quarter. SVB Wealth LLC purchased a new position in Albertsons Companies in the 1st quarter worth $32,000. Allworth Financial LP lifted its position in Albertsons Companies by 98.4% during the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the company's stock worth $37,000 after acquiring an additional 844 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in Albertsons Companies during the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 71.35% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.