Belpointe Asset Management LLC Sells 2,374 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Belpointe Asset Management LLC decreased its position in shares of Albertsons Companies, Inc. (NYSE:ACI – Get Rating) by 48.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,574 shares of the company’s stock after selling 2,374 shares during the period. Belpointe Asset Management LLC’s holdings in Albertsons Companies were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Neuberger Berman Group LLC grew its holdings in shares of Albertsons Companies by 5.5% in the third quarter. Neuberger Berman Group LLC now owns 9,453 shares of the company’s stock worth $235,000 after purchasing an additional 492 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of Albertsons Companies by 3.8% in the fourth quarter. Synovus Financial Corp now owns 13,655 shares of the company’s stock worth $283,000 after purchasing an additional 501 shares during the last quarter. Prime Capital Investment Advisors LLC grew its holdings in shares of Albertsons Companies by 5.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 11,993 shares of the company’s stock worth $298,000 after purchasing an additional 600 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Albertsons Companies by 1.2% in the first quarter. Royal Bank of Canada now owns 56,578 shares of the company’s stock worth $1,881,000 after purchasing an additional 688 shares during the last quarter. Finally, Towle & Co grew its holdings in shares of Albertsons Companies by 3.2% in the third quarter. Towle & Co now owns 22,820 shares of the company’s stock worth $567,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 65.58% of the company’s stock.

Insider Buying and Selling

In related news, CAO Robert Bruce Larson sold 32,544 shares of Albertsons Companies stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $20.95, for a total value of $681,796.80. Following the completion of the sale, the chief accounting officer now directly owns 50,241 shares in the company, valued at approximately $1,052,548.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Albertsons Companies Stock Performance

ACI stock opened at $20.01 on Wednesday. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 4.86, a quick ratio of 0.18 and a current ratio of 0.74. The firm has a 50-day simple moving average of $20.50 and a two-hundred day simple moving average of $20.72. Albertsons Companies, Inc. has a one year low of $19.14 and a one year high of $31.29.

Albertsons Companies (NYSE:ACI – Get Rating) last released its earnings results on Tuesday, April 11th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. The company had revenue of $18.27 billion during the quarter, compared to analysts’ expectations of $18.16 billion. Albertsons Companies had a net margin of 1.95% and a return on equity of 68.28%. On average, equities analysts forecast that Albertsons Companies, Inc. will post 2.72 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Tuesday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is presently 22.12%.

Analyst Upgrades and Downgrades

ACI has been the topic of a number of research analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Wednesday, April 12th. Tigress Financial raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $32.00 to $27.00 in a research note on Tuesday, April 25th. Roth Capital reaffirmed a “neutral” rating on shares of Albertsons Companies in a research note on Monday, April 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Albertsons Companies in a research note on Thursday, April 13th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.93.

Albertsons Companies Profile

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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.