Strs Ohio decreased its stake in Kroger Co. (NYSE:KR) by 63.7% during the second quarter, Holdings Channel reports. The fund owned 877,637 shares of the company’s stock after selling 1,541,567 shares during the period. Strs Ohio’s holdings in Kroger were worth $32,288,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the company. Physicians Financial Services Inc. boosted its position in shares of Kroger by 7,500.0% in the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock valued at $112,000 after buying an additional 3,000 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Kroger by 32.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,246 shares of the company’s stock valued at $119,000 after buying an additional 800 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock valued at $137,000 after buying an additional 100 shares during the period. Barnett & Company Inc. purchased a new position in shares of Kroger during the first quarter valued at about $145,000. Finally, Ledyard National Bank boosted its position in shares of Kroger by 16.2% in the second quarter. Ledyard National Bank now owns 4,300 shares of the company’s stock valued at $158,000 after buying an additional 600 shares during the period. 80.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kroger Co. (NYSE:KR) traded down 0.98% during midday trading on Friday, hitting $30.45. 8,599,347 shares of the stock traded hands. Kroger Co. has a 12-month low of $30.44 and a 12-month high of $42.75. The stock has a market cap of $28.75 billion, a price-to-earnings ratio of 14.44 and a beta of 0.72. The company’s 50 day moving average price is $31.90 and its 200-day moving average price is $35.21.
Kroger (NYSE:KR) last posted its earnings results on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The firm earned $26.60 billion during the quarter. Kroger had a net margin of 1.82% and a return on equity of 32.52%. Kroger’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. On average, equities research analysts expect that Kroger Co. will post $2.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s dividend payout ratio (DPR) is 22.86%.
Several brokerages have issued reports on KR. BMO Capital Markets set a $35.00 target price on shares of Kroger and gave the stock a “hold” rating in a report on Sunday, September 11th. Barclays PLC began coverage on shares of Kroger in a report on Friday. They issued an “equal weight” rating and a $33.00 target price for the company. Telsey Advisory Group decreased their price objective on shares of Kroger from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, September 12th. Vetr raised shares of Kroger from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 19th. Finally, Citigroup Inc. reissued a “buy” rating and set a $44.00 price objective on shares of Kroger in a report on Monday, June 20th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. The company currently 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 Kroger stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the transaction, the insider now directly owns 130,857 shares of the company’s stock, valued at approximately $4,063,109.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Oflen Mary Elizabeth Van sold 12,000 shares of Kroger stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $37.85, for a total transaction of $454,200.00. Following the transaction, the vice president now directly owns 82,349 shares of the company’s stock, valued at $3,116,909.65. The disclosure for this sale can be found here. 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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