Wealthfront Advisers LLC cut its holdings in Kroger Co (NYSE:KR) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,098 shares of the company’s stock after selling 939 shares during the period. Wealthfront Advisers LLC’s holdings in Kroger were worth $986,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KR. Lavaca Capital LLC purchased a new stake in Kroger in the 1st quarter worth approximately $25,000. Sterling Investment Advisors Ltd. purchased a new stake in Kroger in the 1st quarter worth approximately $25,000. Doyle Wealth Management purchased a new stake in Kroger in the 4th quarter worth approximately $26,000. Riverview Trust Co purchased a new stake in Kroger in the 4th quarter worth approximately $26,000. Finally, Motco purchased a new stake in Kroger in the 1st quarter worth approximately $28,000. 80.15% of the stock is owned by institutional investors.
Shares of Kroger stock traded down $0.22 on Friday, hitting $24.40. 156,237 shares of the company traded hands, compared to its average volume of 8,193,810. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.28 and a current ratio of 0.76. The stock has a market cap of $19.87 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.48 and a beta of 0.71. Kroger Co has a 12-month low of $22.44 and a 12-month high of $32.74.
In related news, insider Christine S. Wheatley sold 1,500 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $25.21, for a total transaction of $37,815.00. Following the transaction, the insider now owns 126,054 shares of the company’s stock, valued at approximately $3,177,821.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert D. Beyer sold 80,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $24.52, for a total transaction of $1,961,600.00. Following the transaction, the director now directly owns 126,800 shares in the company, valued at approximately $3,109,136. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,416 shares of company stock worth $2,694,175. Corporate insiders own 1.34% of the company’s stock.
KR has been the topic of several recent analyst reports. ValuEngine cut shares of Kroger from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Buckingham Research lowered their target price on shares of Kroger from $24.00 to $22.00 and set an “underperform” rating on the stock in a research note on Friday, March 8th. Pivotal Research reiterated a “hold” rating and issued a $26.00 target price (down from $31.00) on shares of Kroger in a research note on Friday, March 8th. Scotiabank set a $32.00 target price on shares of Kroger and gave the stock a “buy” rating in a research note on Friday, March 8th. Finally, Morgan Stanley lowered their target price on shares of Kroger from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 8th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.84.
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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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