Kroger Co. (KR) Shares Bought by Court Place Advisors LLC
Court Place Advisors LLC raised its position in Kroger Co. (NYSE:KR) by 6.8% during the second quarter, Holdings Channel reports. The fund owned 6,356 shares of the company’s stock after buying an additional 406 shares during the period. Court Place Advisors LLC’s holdings in Kroger were worth $234,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in KR. Quotient Investors LLC raised its position in shares of Kroger by 2.9% in the first quarter. Quotient Investors LLC now owns 53,269 shares of the company’s stock valued at $2,038,000 after buying an additional 1,495 shares in the last quarter. Campbell Newman Asset Management Inc. raised its position in shares of Kroger by 0.8% in the first quarter. Campbell Newman Asset Management Inc. now owns 20,022 shares of the company’s stock valued at $766,000 after buying an additional 165 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of Kroger by 3.0% in the first quarter. Capital Investment Advisors LLC now owns 8,205 shares of the company’s stock valued at $314,000 after buying an additional 240 shares in the last quarter. CrestPoint Capital Management LLC raised its position in shares of Kroger by 3.4% in the first quarter. CrestPoint Capital Management LLC now owns 24,000 shares of the company’s stock valued at $918,000 after buying an additional 800 shares in the last quarter. Finally, Sigma Planning Corp raised its position in shares of Kroger by 15.1% in the first quarter. Sigma Planning Corp now owns 28,308 shares of the company’s stock valued at $1,083,000 after buying an additional 3,718 shares in the last quarter. 79.80% of the stock is owned by institutional investors.
Kroger Co. (NYSE:KR) traded up 0.97% during mid-day trading on Tuesday, reaching $31.09. The company’s stock had a trading volume of 6,114,251 shares. Kroger Co. has a 12-month low of $30.45 and a 12-month high of $42.75. The firm’s 50 day moving average is $32.08 and its 200-day moving average is $35.32. The company has a market cap of $29.35 billion, a PE ratio of 14.74 and a beta of 0.72.
Kroger (NYSE:KR) last issued its quarterly earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. Equities analysts anticipate that Kroger Co. will post $2.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. Kroger’s dividend payout ratio is currently 22.86%.
Several equities analysts have commented on KR shares. Citigroup Inc. lowered their price objective on Kroger from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, August 29th. RBC Capital Markets reissued a “sector perform” rating and set a $37.00 price objective (down previously from $39.00) on shares of Kroger in a research report on Wednesday, September 7th. Argus lowered their price objective on Kroger from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, September 12th. Oppenheimer Holdings Inc. lowered their price objective on Kroger from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 24th. Finally, Jefferies Group lowered their price objective on Kroger from $39.00 to $37.00 and set a “hold” rating for the company in a research report on Wednesday, August 31st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.38.
In other news, VP Oflen Mary Elizabeth Van sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $37.85, for a total value of $454,200.00. Following the transaction, the vice president now owns 82,349 shares in the company, valued at $3,116,909.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kevin M. Dougherty sold 31,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total value of $962,550.00. Following the completion of the transaction, the insider now owns 130,857 shares in the company, valued at approximately $4,063,109.85. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated, either directly or through its subsidiaries, approximately 2,625 supermarkets and multi-department stores, approximately 1,330 of which had fuel centers.
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