Kroger Company (The) (KR) Shares Bought by United Services Automobile Association

United Services Automobile Association boosted its position in shares of Kroger Company (The) (NYSE:KR) by 33.4% during the first quarter, Holdings Channel reports. The fund owned 1,854,784 shares of the company’s stock after buying an additional 464,598 shares during the period. United Services Automobile Association’s holdings in Kroger Company (The) were worth $54,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ZWJ Investment Counsel Inc. purchased a new position in shares of Kroger Company (The) during the first quarter worth approximately $533,000. LMR Partners LLP purchased a new position in shares of Kroger Company (The) during the first quarter worth approximately $678,000. ARGI Investment Services LLC raised its position in shares of Kroger Company (The) by 46.7% in the first quarter. ARGI Investment Services LLC now owns 23,362 shares of the company’s stock worth $689,000 after buying an additional 7,442 shares during the last quarter. Cadence Capital Management LLC raised its position in shares of Kroger Company (The) by 0.7% in the first quarter. Cadence Capital Management LLC now owns 19,717 shares of the company’s stock worth $581,000 after buying an additional 143 shares during the last quarter. Finally, Majedie Asset Management Ltd purchased a new position in shares of Kroger Company (The) during the first quarter worth approximately $3,883,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.

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

Kroger Company (KR) traded down 1.10% during mid-day trading on Tuesday, hitting $22.39. The company’s stock had a trading volume of 5,437,045 shares. Kroger Company has a 52-week low of $20.46 and a 52-week high of $37.97. The firm has a 50 day moving average of $29.01 and a 200-day moving average of $31.29. The firm has a market cap of $20.15 billion, a price-to-earnings ratio of 13.48 and a beta of 0.73.

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

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A number of research analysts have commented on the company. Deutsche Bank AG set a $26.00 price objective on Kroger Company (The) and gave the company a “buy” rating in a research report on Monday. Argus restated a “buy” rating on shares of Kroger Company (The) in a research report on Monday. Morgan Stanley lowered Kroger Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $40.00 to $30.00 in a research report on Monday. TheStreet lowered Kroger Company (The) from a “b” rating to a “c+” rating in a research report on Thursday, June 15th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $28.00 price target (down from $38.00) on shares of Kroger Company (The) in a research report on Sunday. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the stock. Kroger Company (The) has an average rating of “Hold” and an average price target of $31.52.

In other news, VP Oflen Mary Elizabeth Van sold 8,000 shares of the stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $30.04, for a total transaction of $240,320.00. Following the transaction, the vice president now owns 65,564 shares of the company’s stock, valued at approximately $1,969,542.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan M. Phillips sold 6,200 shares of the stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $21.17, for a total transaction of $131,254.00. Following the transaction, the director now directly owns 124,105 shares in the company, valued at approximately $2,627,302.85. The disclosure for this sale can be found here. Insiders have sold a total of 80,804 shares of company stock worth $2,365,968 in the last three months. Insiders own 0.87% of the company’s stock.

About Kroger Company (The)

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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