First National Trust Co. boosted its stake in shares of Kroger Co. (NYSE:KR) by 15.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,388 shares of the company’s stock after buying an additional 8,242 shares during the period. First National Trust Co.’s holdings in Kroger were worth $2,259,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of Kroger by 3.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 27,217,290 shares of the company’s stock valued at $1,041,061,000 after buying an additional 938,309 shares during the period. BlackRock Group LTD increased its stake in shares of Kroger by 8.0% in the first quarter. BlackRock Group LTD now owns 8,107,311 shares of the company’s stock valued at $310,105,000 after buying an additional 603,276 shares during the period. Vision Capital Management Inc. increased its stake in shares of Kroger by 4.4% in the first quarter. Vision Capital Management Inc. now owns 256,160 shares of the company’s stock valued at $9,798,000 after buying an additional 10,900 shares during the period. Rehmann Capital Advisory Group bought a new stake in shares of Kroger during the first quarter valued at about $218,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Kroger by 11.1% in the first quarter. TIAA CREF Investment Management LLC now owns 9,988,650 shares of the company’s stock valued at $382,066,000 after buying an additional 996,620 shares during the period. Hedge funds and other institutional investors own 80.18% of the company’s stock.
Shares of Kroger Co. (NYSE:KR) traded up 0.61% during trading on Friday, hitting $29.68. The stock had a trading volume of 26,198,803 shares. Kroger Co. has a 12 month low of $29.49 and a 12 month high of $42.75. The company has a market cap of $28.02 billion, a PE ratio of 14.07 and a beta of 0.72. The stock has a 50 day moving average of $31.60 and a 200 day moving average of $34.98.
Kroger (NYSE:KR) last released its earnings results on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company had revenue of $26.60 billion for the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. Kroger’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. Equities analysts forecast that Kroger Co. will post $2.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.62%. Kroger’s dividend payout ratio (DPR) is presently 22.86%.
Several brokerages recently issued reports on KR. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $42.00 price target on shares of Kroger in a report on Friday, July 15th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $39.00 price objective on shares of Kroger in a research report on Monday, June 13th. Vetr raised Kroger from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 19th. Zacks Investment Research cut Kroger from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. raised Kroger from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Tuesday, July 26th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.12.
In other news, insider Kevin M. Dougherty sold 31,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $31.05, for a total value of $962,550.00. Following the transaction, the insider now directly owns 130,857 shares in the company, valued at $4,063,109.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Oflen Mary Elizabeth Van sold 12,000 shares of the business’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $37.85, for a total value of $454,200.00. Following the completion of the transaction, the vice president now owns 82,349 shares in the company, valued at $3,116,909.65. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.
Kroger Company Profile
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.
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