Pettyjohn Wood & White Inc. lessened its stake in Kroger Co (NYSE:KR) by 55.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,140 shares of the company’s stock after selling 11,350 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Kroger were worth $266,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its holdings in shares of Kroger by 147.2% during the second quarter. Janney Montgomery Scott LLC now owns 60,515 shares of the company’s stock valued at $1,722,000 after acquiring an additional 36,030 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Kroger during the second quarter valued at $301,000. Aperio Group LLC boosted its position in shares of Kroger by 11.1% during the second quarter. Aperio Group LLC now owns 656,757 shares of the company’s stock valued at $18,685,000 after buying an additional 65,671 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Kroger by 5.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 153,774 shares of the company’s stock valued at $4,375,000 after buying an additional 7,257 shares during the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of Kroger by 21.8% during the second quarter. TD Asset Management Inc. now owns 316,259 shares of the company’s stock valued at $8,998,000 after buying an additional 56,595 shares during the last quarter. Hedge funds and other institutional investors own 79.94% of the company’s stock.
In other Kroger news, SVP Calvin J. Kaufman sold 10,500 shares of the firm’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $27.47, for a total value of $288,435.00. Following the transaction, the senior vice president now directly owns 124,688 shares of the company’s stock, valued at $3,425,179.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Erin S. Sharp sold 25,314 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $29.00, for a total value of $734,106.00. The disclosure for this sale can be found here. Insiders sold 51,425 shares of company stock worth $1,480,298 over the last three months. Insiders own 1.07% of the company’s stock.
Kroger (NYSE:KR) last announced its earnings results on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $27.87 billion for the quarter, compared to analysts’ expectations of $27.95 billion. Kroger had a return on equity of 28.05% and a net margin of 3.05%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.39 earnings per share. As a group, equities analysts forecast that Kroger Co will post 2.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.56 annualized dividend and a yield of 1.91%. Kroger’s payout ratio is 27.45%.
Several equities research analysts recently commented on KR shares. Credit Suisse Group set a $33.00 price objective on Kroger and gave the company a “hold” rating in a research report on Thursday, September 13th. Telsey Advisory Group increased their price objective on Kroger from $29.00 to $31.00 and gave the company a “market perform” rating in a research report on Wednesday, October 31st. Morgan Stanley dropped their price objective on Kroger from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, September 27th. Zacks Investment Research cut Kroger from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Stephens set a $29.00 price objective on Kroger and gave the company a “hold” rating in a research report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. Kroger presently has an average rating of “Hold” and an average target price of $30.84.
The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.
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