ZWJ Investment Counsel Inc. Takes Position in Kroger Company (The) (KR)

ZWJ Investment Counsel Inc. purchased a new stake in shares of Kroger Company (The) (NYSE:KR) during the first quarter, Holdings Channel reports. The fund purchased 18,079 shares of the company’s stock, valued at approximately $533,000.

Other institutional investors have also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC purchased a new position in Kroger Company (The) during the first quarter valued at about $102,000. Advantage Investment Management LLC boosted its position in Kroger Company (The) by 15.8% in the first quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock valued at $109,000 after buying an additional 502 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in Kroger Company (The) by 4.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock valued at $125,000 after buying an additional 171 shares in the last quarter. Baldwin Brothers Inc. MA boosted its position in Kroger Company (The) by 23.4% in the first quarter. Baldwin Brothers Inc. MA now owns 5,000 shares of the company’s stock valued at $147,000 after buying an additional 948 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Kroger Company (The) during the first quarter valued at about $202,000. Institutional investors and hedge funds own 77.89% of the company’s stock.

Institutional Ownership by Quarter for Kroger Company (The) (NYSE:KR)

Shares of Kroger Company (NYSE:KR) traded down 0.9280% on Tuesday, hitting $22.4299. The stock had a trading volume of 4,522,378 shares. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of 13.5039 and a beta of 0.73. The company has a 50-day moving average of $29.01 and a 200 day moving average of $31.29. Kroger Company has a 52 week low of $20.46 and a 52 week high of $37.97.

Kroger Company (The) (NYSE:KR) last released its earnings results on Thursday, June 15th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $36.29 billion during the quarter, compared to analyst estimates of $35.69 billion. Kroger Company (The) had a return on equity of 29.10% and a net margin of 1.35%. Kroger Company (The)’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. On average, equities research analysts predict that Kroger Company will post $1.99 EPS for the current year.

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KR has been the topic of several analyst reports. Deutsche Bank AG reissued a “buy” rating on shares of Kroger Company (The) in a research note on Friday, May 12th. Royal Bank Of Canada raised Kroger Company (The) from a “sector perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a research note on Thursday, March 23rd. BMO Capital Markets set a $32.00 target price on Kroger Company (The) and gave the company a “hold” rating in a research note on Tuesday, April 18th. Zacks Investment Research lowered Kroger Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Finally, Vetr lowered Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $33.46 target price on the stock. in a research note on Wednesday, May 10th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $31.52.

In other news, insider Christopher T. Hjelm sold 12,139 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $30.00, for a total value of $364,170.00. Following the completion of the transaction, the insider now directly owns 225,037 shares of the company’s stock, valued at $6,751,110. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Oflen Mary Elizabeth Van sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $30.04, for a total value of $240,320.00. Following the completion of the transaction, the vice president now directly owns 65,564 shares of the company’s stock, valued at $1,969,542.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,804 shares of company stock valued at $2,365,968. 0.87% of the stock is currently owned by corporate insiders.

Kroger Company (The) Company Profile

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Company (The) (NYSE:KR).

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