Point View Wealth Management Inc. Has $1.88 Million Stake in Kroger Co (KR)

Point View Wealth Management Inc. lifted its position in Kroger Co (NYSE:KR) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,331 shares of the company’s stock after buying an additional 4,080 shares during the period. Kroger comprises 0.9% of Point View Wealth Management Inc.’s portfolio, making the stock its 27th largest holding. Point View Wealth Management Inc.’s holdings in Kroger were worth $1,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KR. Howe & Rusling Inc. bought a new position in Kroger during the third quarter valued at approximately $103,000. Advisory Services Network LLC lifted its position in Kroger by 297.2% during the fourth quarter. Advisory Services Network LLC now owns 3,773 shares of the company’s stock valued at $104,000 after purchasing an additional 2,823 shares during the period. Bessemer Group Inc. lifted its position in Kroger by 97.2% during the fourth quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock valued at $136,000 after purchasing an additional 2,455 shares during the period. Gradient Investments LLC bought a new position in Kroger during the fourth quarter valued at approximately $152,000. Finally, Clear Perspective Advisors LLC bought a new position in Kroger during the third quarter valued at approximately $160,000. Hedge funds and other institutional investors own 80.55% of the company’s stock.

KR has been the topic of a number of research analyst reports. Pivotal Research set a $30.00 price objective on shares of Kroger and gave the company a “buy” rating in a research report on Saturday, December 2nd. ValuEngine downgraded shares of Kroger from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Stephens set a $29.00 price objective on shares of Kroger and gave the company a “hold” rating in a research report on Tuesday, January 16th. TheStreet upgraded shares of Kroger from a “c+” rating to a “b” rating in a research report on Wednesday, December 27th. Finally, Northcoast Research upgraded shares of Kroger from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Seventeen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $29.52.

In related news, insider Robert W. Clark sold 11,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $29.57, for a total transaction of $325,270.00. Following the completion of the transaction, the insider now directly owns 130,780 shares of the company’s stock, valued at $3,867,164.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the transaction, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 117,868 shares of company stock valued at $3,403,416. Corporate insiders own 0.85% of the company’s stock.

Shares of Kroger Co (NYSE KR) opened at $28.40 on Thursday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. The stock has a market cap of $24,783.89, a price-to-earnings ratio of 16.90, a PEG ratio of 4.58 and a beta of 0.95. Kroger Co has a 52 week low of $19.69 and a 52 week high of $34.75.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. research analysts anticipate that Kroger Co will post 2.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.76%. Kroger’s dividend payout ratio (DPR) is presently 29.76%.

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About Kroger

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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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