Gulf International Bank UK Ltd Has $8,247,000 Stake in Kroger Co. (KR)
Gulf International Bank UK Ltd maintained its position in Kroger Co. (NYSE:KR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,870 shares of the company’s stock at the end of the third quarter. Gulf International Bank UK Ltd’s holdings in Kroger were worth $8,247,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Physicians Financial Services Inc. increased its position 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 during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position 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 during the last quarter. Advisory Services Network LLC increased its position 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 during the last quarter. Integrated Investment Consultants LLC increased its position 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 during the last quarter. Finally, Barnett & Company Inc. purchased a new position in Kroger during the first quarter valued at approximately $145,000. Institutional investors own 75.51% of the company’s stock.
Kroger Co. (NYSE:KR) traded down 1.471% during midday trading on Tuesday, reaching $33.165. The company’s stock had a trading volume of 5,114,191 shares. The firm has a market capitalization of $31.31 billion, a P/E ratio of 15.725 and a beta of 0.74. The company’s 50-day moving average is $31.92 and its 200 day moving average is $33.33. Kroger Co. has a 52 week low of $28.71 and a 52 week high of $42.75.
Kroger (NYSE:KR) last issued its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business posted $0.44 EPS. Analysts expect that Kroger Co. will post $2.13 earnings per share for the current fiscal year.
The business also recently declared 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s dividend payout ratio is currently 22.86%.
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KR has been the topic of a number of analyst reports. Jefferies Group cut their price target on Kroger from $39.00 to $37.00 and set a “hold” rating on the stock in a report on Wednesday, August 31st. Morgan Stanley reiterated an “overweight” rating and issued a $40.00 price target on shares of Kroger in a report on Wednesday, October 12th. Vetr downgraded Kroger from a “hold” rating to a “sell” rating and set a $32.15 price target on the stock. in a report on Monday, November 14th. Deutsche Bank AG reiterated a “buy” rating and issued a $39.00 price target on shares of Kroger in a report on Thursday, November 3rd. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Kroger in a report on Thursday, August 4th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. Kroger has a consensus rating of “Hold” and a consensus target price of $38.28.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the firm’s 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 transaction, the insider now owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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 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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