42,223 Shares in Albertsons Companies, Inc. $ACI Purchased by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC acquired a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 42,223 shares of the company’s stock, valued at approximately $490,000.

Several other large investors have also made changes to their positions in ACI. Allworth Financial LP increased its stake in shares of Albertsons Companies by 144.3% in the second quarter. Allworth Financial LP now owns 3,767 shares of the company’s stock worth $51,000 after acquiring an additional 2,225 shares during the period. Continuum Advisory LLC purchased a new position in shares of Albertsons Companies during the second quarter worth $66,000. Versant Capital Management Inc raised its holdings in shares of Albertsons Companies by 2,406.4% during the second quarter. Versant Capital Management Inc now owns 5,113 shares of the company’s stock worth $69,000 after purchasing an additional 4,909 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Albertsons Companies by 170.9% during the first quarter. EverSource Wealth Advisors LLC now owns 5,585 shares of the company’s stock valued at $95,000 after purchasing an additional 3,523 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in Albertsons Companies during the second quarter valued at $85,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BMO Capital Markets lowered shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $23.00 to $12.00 in a report on Friday, July 24th. Citigroup reiterated a “neutral” rating and set a $11.00 price objective (down from $17.00) on shares of Albertsons Companies in a research note on Monday, July 27th. JPMorgan Chase & Co. lowered Albertsons Companies from an “overweight” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research note on Thursday, October 15th. The Goldman Sachs Group cut Albertsons Companies from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Thursday, October 15th. Finally, Bank of America restated an “underperform” rating and issued a $12.00 target price (down from $16.00) on shares of Albertsons Companies in a research note on Wednesday, October 14th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $13.42.

Albertsons Companies Price Performance

NYSE:ACI opened at $13.16 on Tuesday. Albertsons Companies, Inc. has a 52 week low of $10.86 and a 52 week high of $20.00. The company has a quick ratio of 0.21, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. The stock has a market capitalization of $6.39 billion, a PE ratio of -119.62, a price-to-earnings-growth ratio of 2.23 and a beta of 0.40. The stock’s 50-day moving average price is $12.26 and its 200-day moving average price is $14.11.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Tuesday, October 13th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $18.89 billion during the quarter, compared to analysts’ expectations of $18.87 billion. Albertsons Companies had a positive return on equity of 52.17% and a negative net margin of 0.06%. Albertsons Companies’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. As a group, equities analysts expect that Albertsons Companies, Inc. will post 1.65 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be given a $0.17 dividend. The ex-dividend date is Friday, October 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.2%. Albertsons Companies’s payout ratio is -618.18%.

Insider Activity

In other Albertsons Companies news, EVP Thomas M. Moriarty bought 170,500 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were purchased at an average price of $11.51 per share, for a total transaction of $1,962,455.00. Following the transaction, the executive vice president directly owned 308,946 shares of the company’s stock, valued at approximately $3,555,968.46. This represents a 123.15% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sharon Mccollam bought 9,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $11.48 per share, for a total transaction of $103,320.00. Following the transaction, the chief financial officer directly owned 567,051 shares in the company, valued at approximately $6,509,745.48. This represents a 1.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 218,909 shares of company stock worth $2,515,826 over the last three months. 1.18% of the stock is currently owned by corporate insiders.

Albertsons Companies Profile

Albertsons Companies, Inc is a U.S. food and drug retailer that operates supermarkets, pharmacies, fuel centers and e-commerce businesses. Its stores offer fresh food, groceries, meat and seafood, bakery and deli items, household products, health and beauty products, and prepared meals.

The company operates through a portfolio of regional and national banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, Pavilions, United Supermarkets, Market Street, Amigos, Carrs, Haggen, Star Market and Kings Food Markets.