West Coast Financial LLC Trims Holdings in The Kroger Co. (NYSE:KR)

West Coast Financial LLC lowered its stake in shares of The Kroger Co. (NYSE:KRFree Report) by 0.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,183 shares of the company’s stock after selling 607 shares during the quarter. West Coast Financial LLC’s holdings in Kroger were worth $8,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KR. Creekmur Asset Management LLC acquired a new position in shares of Kroger during the 4th quarter valued at about $26,000. SouthState Corp increased its stake in shares of Kroger by 334.3% during the 4th quarter. SouthState Corp now owns 595 shares of the company’s stock valued at $27,000 after acquiring an additional 458 shares during the last quarter. VisionPoint Advisory Group LLC increased its position in Kroger by 370.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 630 shares of the company’s stock worth $28,000 after purchasing an additional 496 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Kroger during the 4th quarter worth approximately $28,000. Finally, ORG Partners LLC increased its position in Kroger by 613.0% during the 4th quarter. ORG Partners LLC now owns 820 shares of the company’s stock worth $38,000 after purchasing an additional 705 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, CFO Todd A. Foley sold 6,616 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $55.69, for a total transaction of $368,445.04. Following the transaction, the chief financial officer now directly owns 46,958 shares in the company, valued at $2,615,091.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Valerie L. Jabbar sold 15,000 shares of Kroger stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total transaction of $832,800.00. Following the sale, the senior vice president now directly owns 77,696 shares in the company, valued at $4,313,681.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Todd A. Foley sold 6,616 shares of Kroger stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $55.69, for a total transaction of $368,445.04. Following the sale, the chief financial officer now owns 46,958 shares in the company, valued at $2,615,091.02. The disclosure for this sale can be found here. Insiders have sold 55,796 shares of company stock worth $3,118,767 over the last ninety days. 1.40% of the stock is owned by insiders.

Kroger Stock Down 0.4 %

Shares of Kroger stock traded down $0.21 on Tuesday, hitting $49.81. 2,128,152 shares of the company’s stock traded hands, compared to its average volume of 5,233,716. The stock has a market cap of $35.95 billion, a P/E ratio of 17.07, a PEG ratio of 1.06 and a beta of 0.43. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The firm’s 50-day moving average is $53.54 and its 200 day moving average is $50.83. The Kroger Co. has a 52-week low of $42.10 and a 52-week high of $58.34.

Kroger (NYSE:KRGet Free Report) last announced its quarterly earnings data on Thursday, June 20th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. Kroger had a return on equity of 29.89% and a net margin of 1.43%. The firm had revenue of $45.27 billion for the quarter, compared to analysts’ expectations of $44.86 billion. During the same period last year, the business posted $1.51 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KR shares. BMO Capital Markets raised shares of Kroger from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, June 18th. Telsey Advisory Group reissued an “outperform” rating and set a $62.00 target price on shares of Kroger in a research report on Monday, June 17th. Wells Fargo & Company raised shares of Kroger from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $58.00 to $65.00 in a research report on Tuesday, April 16th. Morgan Stanley dropped their target price on shares of Kroger from $58.00 to $57.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, StockNews.com cut Kroger from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.30.

Check Out Our Latest Report on KR

About Kroger

(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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