Kroger Co. (KR) Shares Sold by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC lowered its stake in Kroger Co. (NYSE:KR) by 12.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund 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 reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Physicians Financial Services Inc. raised its stake in 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 in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in 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 in the last quarter. Integrated Investment Consultants LLC raised its stake in 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 in the last quarter. Barnett & Company Inc. purchased a new stake in Kroger during the first quarter valued at approximately $145,000. Finally, Advisory Services Network LLC raised its stake in Kroger by 289.9% in the third quarter. Advisory Services Network LLC now owns 4,238 shares of the company’s stock valued at $126,000 after buying an additional 3,151 shares in the last quarter. 75.51% of the stock is owned by hedge funds and other institutional investors.
Kroger Co. (NYSE:KR) traded down 0.65% on Monday, reaching $33.66. 4,903,367 shares of the company’s stock traded hands. The stock has a 50-day moving average of $31.79 and a 200 day moving average of $33.36. Kroger Co. has a 52 week low of $28.71 and a 52 week high of $42.75. The firm has a market capitalization of $31.78 billion, a P/E ratio of 15.96 and a beta of 0.74.
Kroger (NYSE:KR) last released its earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The business had revenue of $26.60 billion for the quarter. During the same period in the prior year, the business posted $0.44 earnings per share. Kroger’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that Kroger Co. will post $2.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a $0.12 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. Kroger’s dividend payout ratio is presently 22.86%.
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Several research firms recently commented on KR. BMO Capital Markets set a $35.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Sunday, September 11th. Jefferies Group set a $32.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Saturday, October 1st. RBC Capital Markets restated a “sector perform” rating and set a $37.00 price target on shares of Kroger in a research report on Monday. Telsey Advisory Group dropped their target price on shares of Kroger from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, September 12th. Finally, Citigroup Inc. dropped their target price 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 equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. The company 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 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 sale, the insider now directly owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is currently owned by corporate insiders.
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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