Retirement Systems of Alabama Reduces Stake in Kroger Company (The) (KR)

Retirement Systems of Alabama decreased its holdings in Kroger Company (The) (NYSE:KR) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,066,651 shares of the company’s stock after selling 7,129 shares during the period. Retirement Systems of Alabama owned about 0.12% of Kroger Company (The) worth $21,397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Kroger Company (The) by 497.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after purchasing an additional 4,390 shares during the period. Frontier Investment Mgmt Co. increased its holdings in Kroger Company (The) by 107.2% in the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock worth $1,169,000 after buying an additional 25,940 shares during the last quarter. AMG National Trust Bank increased its holdings in Kroger Company (The) by 107.3% in the second quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock worth $1,629,000 after buying an additional 36,164 shares during the last quarter. TIAA FSB acquired a new position in Kroger Company (The) in the second quarter worth approximately $3,265,000. Finally, North Star Investment Management Corp. increased its holdings in Kroger Company (The) by 31.1% in the second quarter. North Star Investment Management Corp. now owns 13,443 shares of the company’s stock worth $313,000 after buying an additional 3,190 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.

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A number of equities analysts recently commented on KR shares. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $28.00 price objective on shares of Kroger Company (The) in a report on Tuesday, September 5th. Deutsche Bank AG restated a “buy” rating and issued a $26.00 price objective on shares of Kroger Company (The) in a report on Tuesday, September 5th. Royal Bank Of Canada set a $34.00 price objective on Kroger Company (The) and gave the stock a “buy” rating in a report on Monday, August 28th. Vetr downgraded Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.26 price objective on the stock. in a report on Tuesday, July 25th. Finally, BidaskClub upgraded Kroger Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Nineteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger Company (The) has an average rating of “Hold” and a consensus price target of $29.10.

Kroger Company (KR) opened at $22.02 on Tuesday. The company has a market capitalization of $19,640.65, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.70 and a beta of 0.82. Kroger Company has a 12-month low of $19.69 and a 12-month high of $36.44. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.87 and a quick ratio of 0.33.

Kroger Company (The) (NYSE:KR) last issued its earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $27.60 billion during the quarter, compared to analysts’ expectations of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. Kroger Company (The)’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.47 earnings per share. analysts predict that Kroger Company will post 2 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.125 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 annualized dividend and a yield of 2.27%. Kroger Company (The)’s dividend payout ratio (DPR) is currently 30.30%.

Kroger Company (The) Profile

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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