Wealth Alliance Advisory Group LLC Sells 234 Shares of The Kroger Co. $KR

Wealth Alliance Advisory Group LLC reduced its stake in The Kroger Co. (NYSE:KR) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,274 shares of the company’s stock after selling 234 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Kroger were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Accent Capital Management LLC bought a new stake in shares of Kroger in the 1st quarter valued at approximately $25,000. Garde Capital Inc. bought a new stake in shares of Kroger in the 1st quarter valued at approximately $31,000. Capital Analysts LLC bought a new stake in shares of Kroger in the 1st quarter valued at approximately $36,000. Sound Income Strategies LLC boosted its holdings in shares of Kroger by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock worth $37,000 after acquiring an additional 175 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of Kroger in the 1st quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KR has been the topic of several recent analyst reports. UBS Group reissued a “neutral” rating and issued a $74.00 target price (up from $66.00) on shares of Kroger in a report on Monday, June 23rd. Barclays initiated coverage on Kroger in a report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price on the stock. Jefferies Financial Group set a $83.00 target price on Kroger and gave the stock a “buy” rating in a report on Monday, June 23rd. Roth Capital boosted their target price on Kroger from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a report on Monday, June 23rd. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.58.

Insider Buying and Selling

In other news, Director Clyde R. Moore sold 26,814 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $70.50, for a total value of $1,890,387.00. Following the transaction, the director owned 99,143 shares of the company’s stock, valued at $6,989,581.50. This represents a 21.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mary Ellen Adcock sold 34,250 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $71.16, for a total value of $2,437,230.00. Following the completion of the transaction, the executive vice president directly owned 184,473 shares in the company, valued at approximately $13,127,098.68. This trade represents a 15.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 198,948 shares of company stock worth $14,422,926 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

Kroger Stock Up 1.7%

NYSE:KR opened at $68.38 on Friday. The stock’s fifty day moving average price is $70.39 and its two-hundred day moving average price is $68.89. The Kroger Co. has a 52-week low of $54.51 and a 52-week high of $74.90. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.53 and a current ratio of 0.95. The company has a market cap of $45.19 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 2.14 and a beta of 0.59.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $33.94 billion for the quarter, compared to the consensus estimate of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, analysts anticipate that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 15th were paid a $0.35 dividend. This is an increase from Kroger’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. Kroger’s dividend payout ratio (DPR) is currently 35.53%.

Kroger Profile

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.