Lenox Wealth Management Inc. Raises Position in Kroger Co (NYSE:KR)

Lenox Wealth Management Inc. grew its holdings in shares of Kroger Co (NYSE:KR) by 10.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,125 shares of the company’s stock after purchasing an additional 2,732 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Kroger were worth $725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Citizens Financial Group Inc RI increased its position in shares of Kroger by 21.6% in the 3rd quarter. Citizens Financial Group Inc RI now owns 2,323 shares of the company’s stock valued at $60,000 after acquiring an additional 413 shares during the period. Delta Asset Management LLC TN increased its position in shares of Kroger by 35.8% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,630 shares of the company’s stock valued at $42,000 after acquiring an additional 430 shares during the period. Cedar Wealth Management LLC increased its position in shares of Kroger by 2.0% in the 3rd quarter. Cedar Wealth Management LLC now owns 23,645 shares of the company’s stock valued at $610,000 after acquiring an additional 455 shares during the period. Simmons Bank increased its position in shares of Kroger by 1.7% in the 2nd quarter. Simmons Bank now owns 29,368 shares of the company’s stock valued at $638,000 after acquiring an additional 482 shares during the period. Finally, Covington Capital Management increased its position in shares of Kroger by 10.4% in the 2nd quarter. Covington Capital Management now owns 5,520 shares of the company’s stock valued at $120,000 after acquiring an additional 520 shares during the period. Hedge funds and other institutional investors own 80.35% of the company’s stock.

Several equities research analysts have weighed in on KR shares. JPMorgan Chase & Co. increased their price target on Kroger from $24.00 to $27.00 in a research report on Thursday, October 24th. Credit Suisse Group reaffirmed an “outperform” rating and set a $29.00 price target (up from $27.00) on shares of Kroger in a research report on Friday, September 13th. ValuEngine downgraded Kroger from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. UBS Group increased their price target on Kroger from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Finally, Telsey Advisory Group increased their price target on Kroger from $27.00 to $29.00 and gave the stock a “market perform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $27.37.

In related news, VP Carin L. Fike sold 4,652 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $26.00, for a total value of $120,952.00. Following the transaction, the vice president now directly owns 33,796 shares of the company’s stock, valued at approximately $878,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary Ellen Adcock sold 15,400 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $28.00, for a total transaction of $431,200.00. Following the completion of the transaction, the senior vice president now directly owns 121,085 shares in the company, valued at $3,390,380. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,323 shares of company stock worth $3,537,389. Corporate insiders own 1.34% of the company’s stock.

Shares of KR stock traded up $0.16 during mid-day trading on Friday, hitting $27.02. 6,533,301 shares of the stock were exchanged, compared to its average volume of 8,694,465. The firm has a fifty day moving average of $25.12 and a 200 day moving average of $23.89. The company has a quick ratio of 0.27, a current ratio of 0.76 and a debt-to-equity ratio of 2.15. Kroger Co has a 52-week low of $20.70 and a 52-week high of $31.98. The company has a market cap of $22.31 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 2.00 and a beta of 0.56.

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

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Thursday, November 14th. Kroger’s payout ratio is currently 30.33%.

Kroger 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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