Buckley Wealth Management LLC Raises Stock Position in Kroger Co (NYSE:KR)

Buckley Wealth Management LLC lifted its stake in shares of Kroger Co (NYSE:KR) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,395 shares of the company’s stock after acquiring an additional 1,330 shares during the quarter. Buckley Wealth Management LLC’s holdings in Kroger were worth $732,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of Kroger by 1.1% during the second quarter. Northern Trust Corp now owns 10,715,151 shares of the company’s stock valued at $232,626,000 after purchasing an additional 114,919 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Kroger by 30.2% during the second quarter. Victory Capital Management Inc. now owns 10,689,834 shares of the company’s stock valued at $232,077,000 after purchasing an additional 2,477,585 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Kroger by 0.7% during the second quarter. Parametric Portfolio Associates LLC now owns 6,935,089 shares of the company’s stock valued at $150,561,000 after purchasing an additional 50,031 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Kroger by 22.3% during the second quarter. Invesco Ltd. now owns 6,846,979 shares of the company’s stock valued at $148,647,000 after purchasing an additional 1,249,723 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Kroger by 12.3% during the second quarter. Bank of New York Mellon Corp now owns 6,721,774 shares of the company’s stock valued at $145,930,000 after purchasing an additional 736,492 shares in the last quarter. 80.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE KR traded up $0.39 during midday trading on Friday, reaching $24.23. The company had a trading volume of 478,478 shares, compared to its average volume of 9,271,641. The business’s 50-day simple moving average is $24.83 and its 200 day simple moving average is $23.85. The stock has a market cap of $19.61 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.77 and a beta of 0.58. Kroger Co has a 1 year low of $20.70 and a 1 year high of $31.98. The company has a current ratio of 0.76, a quick ratio of 0.27 and a debt-to-equity ratio of 2.15.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. The business had revenue of $28.17 billion during the quarter, compared to analysts’ expectations of $28.34 billion. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. Analysts predict that Kroger Co will post 2.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.64%. Kroger’s dividend payout ratio is currently 30.33%.

In related news, insider Stephen M. Mckinney sold 15,600 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $22.05, for a total transaction of $343,980.00. Following the completion of the transaction, the insider now owns 168,070 shares of the company’s stock, valued at $3,705,943.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael Joseph Donnelly sold 40,510 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $26.28, for a total transaction of $1,064,602.80. Following the transaction, the chief operating officer now directly owns 350,145 shares of the company’s stock, valued at approximately $9,201,810.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,523 shares of company stock valued at $3,780,319. Corporate insiders own 1.34% of the company’s stock.

Several equities research analysts have weighed in on the stock. Credit Suisse Group restated an “outperform” rating and issued a $29.00 target price (up from $27.00) on shares of Kroger in a research note on Friday, September 13th. Pivotal Research restated a “buy” rating and issued a $30.00 target price (up from $26.00) on shares of Kroger in a research note on Wednesday, September 11th. Citigroup lowered their target price on shares of Kroger from $30.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. ValuEngine upgraded shares of Kroger from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, Guggenheim set a $26.00 target price on shares of Kroger and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Kroger currently has an average rating of “Hold” and an average target price of $27.39.

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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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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