Wealth Alliance Advisory Group LLC Has $307,000 Holdings in The Kroger Co. $KR

Wealth Alliance Advisory Group LLC lessened its holdings in shares of The Kroger Co. (NYSE:KR) by 5.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,274 shares of the company’s stock after selling 234 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Kroger were worth $307,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in Kroger during the 1st quarter worth $25,000. Garde Capital Inc. acquired a new stake in Kroger during the 1st quarter worth $31,000. Capital Analysts LLC bought a new position in Kroger during the 1st quarter worth about $36,000. Sound Income Strategies LLC increased its holdings in Kroger by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in Kroger during the 1st quarter worth about $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Price Performance

Shares of NYSE KR opened at $68.38 on Friday. The stock has a market capitalization of $45.19 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 2.14 and a beta of 0.59. The business has a 50-day moving average of $70.39 and a 200-day moving average of $68.89. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.53. The Kroger Co. has a fifty-two week low of $54.51 and a fifty-two week high of $74.90.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $33.94 billion during the quarter, compared to analysts’ expectations of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.Kroger’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, sell-side analysts predict that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Friday, August 15th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, August 15th. This is an increase from Kroger’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 2.0%. Kroger’s dividend payout ratio is 35.53%.

Wall Street Analyst Weigh In

KR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a report on Monday, June 23rd. Evercore ISI increased their target price on Kroger from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Melius upgraded Kroger from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a report on Tuesday, May 20th. Barclays initiated coverage on Kroger in a report on Monday, July 21st. They set an “equal weight” rating and a $75.00 target price for the company. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $75.00 target price (down previously from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.58.

Insider Activity

In related news, Director Clyde R. Moore sold 26,814 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $70.50, for a total value of $1,890,387.00. Following the sale, the director owned 99,143 shares in the company, valued at approximately $6,989,581.50. This represents a 21.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mary Ellen Adcock sold 34,250 shares of Kroger stock in a transaction on Friday, June 27th. The stock was sold at an average price of $71.16, for a total transaction of $2,437,230.00. Following the transaction, the executive vice president directly owned 184,473 shares of the company’s stock, valued at approximately $13,127,098.68. This trade represents a 15.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,948 shares of company stock valued at $14,422,926. 0.44% of the stock is owned by insiders.

Kroger Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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.