Lenox Wealth Management Inc. Acquires 2,732 Shares of Kroger Co (NYSE:KR)

Lenox Wealth Management Inc. grew its holdings in Kroger Co (NYSE:KR) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,125 shares of the company’s stock after purchasing an additional 2,732 shares during the period. Lenox Wealth Management Inc.’s holdings in Kroger were worth $725,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of Kroger by 1.1% in the second quarter. Northern Trust Corp now owns 10,715,151 shares of the company’s stock worth $232,626,000 after acquiring an additional 114,919 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Kroger by 30.2% in the second quarter. Victory Capital Management Inc. now owns 10,689,834 shares of the company’s stock worth $232,077,000 after acquiring an additional 2,477,585 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of Kroger by 0.7% in the second quarter. Parametric Portfolio Associates LLC now owns 6,935,089 shares of the company’s stock worth $150,561,000 after acquiring an additional 50,031 shares during the period. Invesco Ltd. grew its holdings in shares of Kroger by 22.3% in the second quarter. Invesco Ltd. now owns 6,846,979 shares of the company’s stock worth $148,647,000 after acquiring an additional 1,249,723 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Kroger by 12.3% during the second quarter. Bank of New York Mellon Corp now owns 6,721,774 shares of the company’s stock valued at $145,930,000 after purchasing an additional 736,492 shares in the last quarter. 80.35% of the stock is owned by institutional investors and hedge funds.

In other news, COO Michael Joseph Donnelly sold 1,574 shares of Kroger stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $26.46, for a total value of $41,648.04. Following the sale, the chief operating officer now directly owns 324,209 shares of the company’s stock, valued at $8,578,570.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP J Michael Schlotman sold 68,187 shares of Kroger stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $26.02, for a total value of $1,774,225.74. Following the completion of the sale, the executive vice president now directly owns 295,160 shares in the company, valued at $7,680,063.20. The disclosure for this sale can be found here. Insiders sold 134,323 shares of company stock worth $3,537,389 over the last 90 days. Company insiders own 1.34% of the company’s stock.

Shares of Kroger stock traded up $0.16 during trading hours on Friday, hitting $27.02. The company’s stock had a trading volume of 6,533,301 shares, compared to its average volume of 8,694,465. The business has a 50 day moving average price of $25.12 and a two-hundred day moving average price of $23.89. Kroger Co has a 12-month low of $20.70 and a 12-month high of $31.98. The company has a market cap of $22.31 billion, a PE ratio of 12.81, a PEG ratio of 2.00 and a beta of 0.56. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.27 and a current ratio of 0.76.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 12th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Kroger had a return on equity of 21.17% and a net margin of 1.36%. The business had revenue of $28.17 billion for the quarter, compared to the consensus estimate of $28.34 billion. During the same period in the previous year, the business earned $0.41 earnings per share. The business’s revenue was up .5% on a year-over-year basis. As a group, research analysts anticipate that Kroger Co will post 2.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be given a $0.16 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.37%. Kroger’s payout ratio is 30.33%.

KR has been the topic of several analyst reports. Bank of America set a $28.00 target price on Kroger and gave the company a “buy” rating in a research report on Friday, September 13th. Jefferies Financial Group downgraded Kroger from a “buy” rating to a “hold” rating and lowered their target price for the company from $29.00 to $26.00 in a research report on Thursday, October 10th. Morgan Stanley set a $26.00 target price on Kroger and gave the company a “hold” rating in a research report on Friday, September 13th. BMO Capital Markets reiterated a “market perform” rating and set a $26.00 target price (up from $24.00) on shares of Kroger in a research report on Wednesday, September 4th. Finally, Telsey Advisory Group lifted their target price on Kroger from $27.00 to $29.00 and gave the company a “market perform” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.37.

Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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