Kroger Company (The) (KR) Shares Bought by Accident Compensation Corp

Accident Compensation Corp lifted its holdings in shares of Kroger Company (The) (NYSE:KR) by 27.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 166,224 shares of the company’s stock after buying an additional 35,500 shares during the period. Accident Compensation Corp’s holdings in Kroger Company (The) were worth $3,876,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Kroger Company (The) by 3,334.2% during the 1st quarter. BlackRock Inc. now owns 72,026,662 shares of the company’s stock worth $2,124,067,000 after buying an additional 69,929,316 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Kroger Company (The) by 15.3% during the 1st quarter. Vanguard Group Inc. now owns 68,348,907 shares of the company’s stock worth $2,015,609,000 after buying an additional 9,054,273 shares in the last quarter. FMR LLC raised its holdings in shares of Kroger Company (The) by 54.1% during the 1st quarter. FMR LLC now owns 41,963,267 shares of the company’s stock worth $1,237,497,000 after buying an additional 14,723,540 shares in the last quarter. State Street Corp raised its holdings in shares of Kroger Company (The) by 0.7% during the 1st quarter. State Street Corp now owns 39,313,488 shares of the company’s stock worth $1,159,353,000 after buying an additional 288,686 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Kroger Company (The) by 8.2% during the 2nd quarter. Franklin Resources Inc. now owns 12,045,681 shares of the company’s stock worth $280,904,000 after buying an additional 908,078 shares in the last quarter. 74.63% of the stock is owned by institutional investors.

KR has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $34.00 price target on Kroger Company (The) and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research cut Kroger Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Oppenheimer Holdings, Inc. cut Kroger Company (The) to a “market perform” rating and lowered their price target for the stock from $28.00 to $23.00 in a report on Friday, September 8th. Jefferies Group LLC reissued a “hold” rating on shares of Kroger Company (The) in a report on Friday, August 25th. Finally, Deutsche Bank AG set a $26.00 price target on Kroger Company (The) and gave the stock a “buy” rating in a report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Kroger Company (The) currently has a consensus rating of “Hold” and a consensus target price of $28.58.

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In other Kroger Company (The) news, insider J Michael Schlotman purchased 2,000 shares of Kroger Company (The) stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average price of $22.73 per share, for a total transaction of $45,460.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.85% of the stock is owned by insiders.

Shares of Kroger Company (NYSE:KR) traded up 1.46% during midday trading on Friday, hitting $21.57. The company had a trading volume of 15,154,036 shares. Kroger Company has a 52 week low of $20.41 and a 52 week high of $36.44. The firm’s 50 day moving average is $22.83 and its 200 day moving average is $26.49. The company has a market capitalization of $19.26 billion, a P/E ratio of 13.05 and a beta of 0.79.

Kroger Company (The) (NYSE:KR) last announced its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The company had revenue of $27.60 billion for the quarter, compared to the consensus estimate of $27.48 billion. During the same quarter in the previous year, the business earned $0.47 EPS. Kroger Company (The)’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Kroger Company will post $1.97 EPS for the current year.

Kroger Company (The) declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.32%. Kroger Company (The)’s dividend payout ratio is presently 30.30%.

Kroger Company (The) Company 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.

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

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