Triangle Securities Wealth Management Takes Position in Kroger Company (The) (KR)

Triangle Securities Wealth Management purchased a new position in shares of Kroger Company (The) (NYSE:KR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,550 shares of the company’s stock, valued at approximately $409,000.

Several other large investors also recently made changes to their positions in KR. BlackRock Inc. raised its position in Kroger Company (The) by 3,334.2% in the first quarter. BlackRock Inc. now owns 72,026,662 shares of the company’s stock valued at $2,124,067,000 after buying an additional 69,929,316 shares during the last quarter. Vanguard Group Inc. raised its position in Kroger Company (The) by 15.3% in the first quarter. Vanguard Group Inc. now owns 68,348,907 shares of the company’s stock valued at $2,015,609,000 after buying an additional 9,054,273 shares during the last quarter. FMR LLC raised its position in Kroger Company (The) by 54.1% in the first quarter. FMR LLC now owns 41,963,267 shares of the company’s stock valued at $1,237,497,000 after buying an additional 14,723,540 shares during the last quarter. State Street Corp raised its position in Kroger Company (The) by 0.7% in the first quarter. State Street Corp now owns 39,313,488 shares of the company’s stock valued at $1,159,353,000 after buying an additional 288,686 shares during the last quarter. Finally, LSV Asset Management raised its position in Kroger Company (The) by 0.7% in the first quarter. LSV Asset Management now owns 9,457,086 shares of the company’s stock valued at $278,889,000 after buying an additional 64,600 shares during the last quarter. Institutional investors and hedge funds own 77.86% of the company’s stock.

Kroger Company (NYSE:KR) opened at 22.63 on Wednesday. The firm has a market capitalization of $20.31 billion, a PE ratio of 13.62 and a beta of 0.75. The stock has a 50 day moving average of $27.53 and a 200-day moving average of $30.69. Kroger Company has a one year low of $20.46 and a one year high of $37.97.

Kroger Company (The) (NYSE:KR) last announced its quarterly earnings data on Thursday, June 15th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Kroger Company (The) had a return on equity of 29.10% and a net margin of 1.35%. The firm had revenue of $36.29 billion for the quarter, compared to analysts’ expectations of $35.69 billion. During the same period last year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts predict that Kroger Company will post $1.98 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Kroger Company (The)’s previous quarterly dividend of $0.12. This represents a $2.00 annualized dividend and a yield of 8.84%. Kroger Company (The)’s dividend payout ratio (DPR) is 28.92%.

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KR has been the subject of several recent research reports. Royal Bank Of Canada raised shares of Kroger Company (The) from a “sector perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Thursday, March 23rd. Deutsche Bank AG set a $26.00 price objective on shares of Kroger Company (The) and gave the company a “buy” rating in a research note on Monday, June 19th. ValuEngine lowered shares of Kroger Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Kroger Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 price target (down previously from $40.00) on shares of Kroger Company (The) in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.63.

In other Kroger Company (The) news, Director Susan M. Phillips sold 6,200 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $21.17, for a total value of $131,254.00. Following the sale, the director now directly owns 124,105 shares of the company’s stock, valued at $2,627,302.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher T. Hjelm sold 12,139 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $30.00, for a total value of $364,170.00. Following the completion of the sale, the insider now directly owns 225,037 shares in the company, valued at $6,751,110. The disclosure for this sale can be found here. Insiders have sold 66,339 shares of company stock worth $1,935,920 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

About Kroger Company (The)

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

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

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