Cwm LLC Lowers Stock Holdings in The Kroger Co. (NYSE:KR)

Cwm LLC trimmed its position in The Kroger Co. (NYSE:KR) by 97.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,055 shares of the company’s stock after selling 119,530 shares during the quarter. Cwm LLC’s holdings in The Kroger were worth $110,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. raised its stake in The Kroger by 24.8% in the third quarter. Sei Investments Co. now owns 837,777 shares of the company’s stock valued at $28,381,000 after purchasing an additional 166,685 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in The Kroger by 21.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 48,100 shares of the company’s stock valued at $1,528,000 after purchasing an additional 8,600 shares in the last quarter. NuWave Investment Management LLC raised its stake in The Kroger by 8,978.0% in the fourth quarter. NuWave Investment Management LLC now owns 9,895 shares of the company’s stock valued at $314,000 after purchasing an additional 9,786 shares in the last quarter. TRUE Private Wealth Advisors raised its stake in The Kroger by 90.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 3,678 shares of the company’s stock valued at $116,000 after purchasing an additional 1,746 shares in the last quarter. Finally, Cypress Capital Group bought a new position in The Kroger during the fourth quarter valued at approximately $353,000. 84.64% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on KR. Bank of America cut shares of The Kroger from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $40.00 to $28.00 in a report on Tuesday, February 23rd. The Goldman Sachs Group reiterated a “sell” rating and issued a $31.00 price target (down previously from $37.00) on shares of The Kroger in a report on Monday. Morgan Stanley lifted their price target on shares of The Kroger from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Thursday, March 11th. Wells Fargo & Company lifted their price target on shares of The Kroger from $31.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, January 27th. Finally, Telsey Advisory Group cut shares of The Kroger from an “outperform” rating to a “market perform” rating and cut their price target for the company from $43.00 to $39.00 in a report on Thursday, January 28th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $34.11.

In related news, Director Susan J. Kropf sold 13,000 shares of the firm’s stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $34.90, for a total transaction of $453,700.00. Following the sale, the director now owns 114,277 shares of the company’s stock, valued at $3,988,267.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mary Ellen Adcock sold 5,260 shares of the stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $35.84, for a total value of $188,518.40. Following the completion of the sale, the senior vice president now owns 121,579 shares of the company’s stock, valued at $4,357,391.36. The disclosure for this sale can be found here. Insiders sold a total of 84,730 shares of company stock worth $3,089,241 in the last ninety days. 1.34% of the stock is currently owned by corporate insiders.

Shares of NYSE:KR opened at $38.42 on Wednesday. The business has a 50-day simple moving average of $37.08 and a two-hundred day simple moving average of $33.92. The firm has a market cap of $28.89 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 1.51 and a beta of 0.36. The Kroger Co. has a fifty-two week low of $30.35 and a fifty-two week high of $42.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.83.

The Kroger (NYSE:KR) last announced its quarterly earnings data on Wednesday, March 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. The company had revenue of $30.74 billion during the quarter, compared to the consensus estimate of $30.79 billion. The Kroger had a return on equity of 27.26% and a net margin of 2.29%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. As a group, research analysts predict that The Kroger Co. will post 3.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, May 13th. The Kroger’s dividend payout ratio (DPR) is presently 32.73%.

The Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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Institutional Ownership by Quarter for The Kroger (NYSE:KR)

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