The Kroger Co. (NYSE:KR) Position Reduced by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its holdings in The Kroger Co. (NYSE:KRFree Report) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,439 shares of the company’s stock after selling 502 shares during the period. Texas Permanent School Fund Corp’s holdings in Kroger were worth $6,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. ICA Group Wealth Management LLC lifted its stake in shares of Kroger by 12.2% in the 1st quarter. ICA Group Wealth Management LLC now owns 1,880 shares of the company’s stock valued at $93,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC lifted its position in Kroger by 2.7% during the 2nd quarter. Bison Wealth LLC now owns 7,859 shares of the company’s stock worth $369,000 after acquiring an additional 206 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in Kroger by 1.2% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 17,802 shares of the company’s stock worth $879,000 after acquiring an additional 206 shares during the last quarter. United Capital Financial Advisers LLC lifted its position in Kroger by 1.9% during the 1st quarter. United Capital Financial Advisers LLC now owns 11,571 shares of the company’s stock worth $664,000 after acquiring an additional 221 shares during the last quarter. Finally, Legacy Capital Group California Inc. lifted its position in Kroger by 2.7% during the 2nd quarter. Legacy Capital Group California Inc. now owns 8,381 shares of the company’s stock worth $394,000 after acquiring an additional 222 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KR. JPMorgan Chase & Co. cut their target price on shares of Kroger from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, December 1st. Stephens dropped their price objective on shares of Kroger from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, December 1st. TheStreet upgraded shares of Kroger from a “c+” rating to a “b” rating in a report on Thursday, November 30th. Telsey Advisory Group restated an “outperform” rating and set a $55.00 price objective on shares of Kroger in a report on Tuesday, January 16th. Finally, Morgan Stanley dropped their price objective on shares of Kroger from $48.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $53.30.

Read Our Latest Report on Kroger

Kroger Stock Performance

NYSE KR opened at $45.41 on Monday. The stock has a market cap of $32.67 billion, a P/E ratio of 17.67, a PEG ratio of 2.37 and a beta of 0.45. The company’s 50-day simple moving average is $45.57 and its 200 day simple moving average is $45.58. The Kroger Co. has a twelve month low of $42.10 and a twelve month high of $50.36. The company has a quick ratio of 0.33, a current ratio of 0.80 and a debt-to-equity ratio of 1.08.

Kroger (NYSE:KRGet Free Report) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. The firm had revenue of $33.96 billion for the quarter, compared to analysts’ expectations of $33.90 billion. Kroger had a net margin of 1.27% and a return on equity of 30.22%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. As a group, research analysts forecast that The Kroger Co. will post 4.56 earnings per share for the current fiscal year.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.55%. Kroger’s payout ratio is 45.14%.

Kroger Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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