Albertsons Companies, Inc. (NYSE:ACI) Short Interest Down 19.2% in April

Albertsons Companies, Inc. (NYSE:ACIGet Rating) saw a large decrease in short interest in April. As of April 30th, there was short interest totalling 6,950,000 shares, a decrease of 19.2% from the April 15th total of 8,600,000 shares. Approximately 7.5% of the company’s shares are short sold. Based on an average daily volume of 2,440,000 shares, the short-interest ratio is currently 2.8 days.

In other news, EVP Anuj Dhanda sold 29,202 shares of the company’s stock in a transaction dated Friday, April 22nd. The shares were sold at an average price of $32.26, for a total transaction of $942,056.52. Following the completion of the transaction, the executive vice president now owns 282,160 shares of the company’s stock, valued at approximately $9,102,481.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Robert Bruce Larson sold 19,087 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $32.33, for a total transaction of $617,082.71. Following the transaction, the chief accounting officer now directly owns 115,241 shares of the company’s stock, valued at approximately $3,725,741.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,035 shares of company stock worth $2,055,138. 1.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Albertsons Companies by 246.4% during the first quarter. Vanguard Group Inc. now owns 7,406,986 shares of the company’s stock worth $246,282,000 after acquiring an additional 5,268,640 shares during the period. Millennium Management LLC grew its holdings in Albertsons Companies by 861.1% during the fourth quarter. Millennium Management LLC now owns 2,389,213 shares of the company’s stock worth $72,130,000 after acquiring an additional 2,140,609 shares during the period. Nuveen Asset Management LLC grew its holdings in Albertsons Companies by 481.6% during the fourth quarter. Nuveen Asset Management LLC now owns 1,740,795 shares of the company’s stock worth $51,518,000 after acquiring an additional 1,441,480 shares during the period. Marshall Wace LLP grew its holdings in Albertsons Companies by 1,929.0% during the fourth quarter. Marshall Wace LLP now owns 1,323,275 shares of the company’s stock worth $39,951,000 after acquiring an additional 1,258,058 shares during the period. Finally, Scout Investments Inc. acquired a new position in Albertsons Companies during the first quarter worth about $35,099,000. 62.12% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on ACI. UBS Group increased their target price on shares of Albertsons Companies from $31.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, April 11th. Tigress Financial increased their price objective on shares of Albertsons Companies from $27.00 to $32.00 in a research report on Friday, April 29th. The Goldman Sachs Group increased their price objective on shares of Albertsons Companies from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, April 13th. Guggenheim increased their price objective on shares of Albertsons Companies from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, April 13th. Finally, Zacks Investment Research cut Albertsons Companies from a “strong-buy” rating to a “hold” rating and set a $38.00 target price for the company. in a research note on Tuesday, March 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.79.

Shares of NYSE ACI opened at $27.10 on Thursday. Albertsons Companies has a 1-year low of $18.60 and a 1-year high of $37.99. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.00 and a quick ratio of 0.46. The business’s fifty day moving average price is $32.84 and its two-hundred day moving average price is $31.87. The firm has a market capitalization of $12.66 billion, a PE ratio of 9.58, a P/E/G ratio of 1.81 and a beta of 0.30.

Albertsons Companies (NYSE:ACIGet Rating) last issued its earnings results on Tuesday, April 12th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.10. The firm had revenue of $17.38 billion for the quarter, compared to analyst estimates of $16.85 billion. Albertsons Companies had a return on equity of 79.21% and a net margin of 2.25%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Equities research analysts expect that Albertsons Companies will post 2.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 10th. Stockholders of record on Tuesday, April 26th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is 16.96%.

Albertsons Companies Company Profile (Get Rating)

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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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