Nisa Investment Advisors LLC lowered its stake in shares of Kroger Co. (NYSE:KR) by 12.9% during the third quarter, Holdings Channel reports. The firm owned 325,399 shares of the company’s stock after selling 48,055 shares during the period. Nisa Investment Advisors LLC’s holdings in Kroger were worth $9,658,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in KR. Physicians Financial Services Inc. boosted its stake 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 worth $112,000 after buying an additional 3,000 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake 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 worth $119,000 after buying an additional 800 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Kroger by 289.9% in the third quarter. Advisory Services Network LLC now owns 4,238 shares of the company’s stock worth $126,000 after buying an additional 3,151 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake 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 worth $137,000 after buying an additional 100 shares in the last quarter. Finally, Barnett & Company Inc. bought a new stake in shares of Kroger during the first quarter worth $145,000. 75.51% of the stock is owned by institutional investors.
Shares of Kroger Co. (NYSE:KR) traded down 0.65% on Monday, hitting $33.66. The stock had a trading volume of 4,903,367 shares. The stock’s 50-day moving average price is $31.79 and its 200 day moving average price is $33.36. The company has a market cap of $31.78 billion, a PE ratio of 15.96 and a beta of 0.74. Kroger Co. has a 52 week low of $28.71 and a 52 week high of $42.75.
Kroger (NYSE:KR) last posted its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The business earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. On average, analysts predict that Kroger Co. will post $2.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.42%. Kroger’s payout ratio is presently 22.86%.
A number of brokerages recently weighed in on KR. BMO Capital Markets set a $35.00 price objective on shares of Kroger and gave the company a “hold” rating in a research note on Sunday, September 11th. Jefferies Group set a $32.00 price objective on shares of Kroger and gave the company a “hold” rating in a research note on Saturday, October 1st. RBC Capital Markets restated a “sector perform” rating and set a $37.00 price objective on shares of Kroger in a research note on Monday. Telsey Advisory Group cut their price objective on shares of Kroger from $46.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, September 12th. Finally, Citigroup Inc. dropped their price target on shares of Kroger from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, September 13th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the stock. Kroger currently has an average rating of “Hold” and an average price target of $38.28.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the stock in a transaction dated Thursday, September 15th. The stock was 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 in the company, valued at $4,063,109.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.