Proactive Wealth Strategies LLC Makes New $363,000 Investment in The Kroger Co. (NYSE:KR)

Proactive Wealth Strategies LLC bought a new stake in The Kroger Co. (NYSE:KR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,333 shares of the company’s stock, valued at approximately $363,000.

Other large investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in shares of Kroger in the 2nd quarter valued at $28,000. Northwest Investment Counselors LLC acquired a new position in shares of Kroger in the 3rd quarter valued at $34,000. Harbor Capital Advisors Inc. acquired a new position in shares of Kroger in the 3rd quarter valued at $40,000. Newbridge Financial Services Group Inc. boosted its stake in Kroger by 218.8% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 714 shares of the company’s stock worth $36,000 after purchasing an additional 490 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Kroger during the 3rd quarter worth $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Kroger

In other Kroger news, SVP Valerie L. Jabbar sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $55.91, for a total transaction of $167,730.00. Following the sale, the senior vice president now directly owns 74,084 shares of the company’s stock, valued at $4,142,036.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Brian W. Nichols sold 6,922 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $55.80, for a total value of $386,247.60. Following the sale, the vice president now directly owns 14,063 shares of the company’s stock, valued at approximately $784,715.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Valerie L. Jabbar sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $55.91, for a total transaction of $167,730.00. Following the completion of the sale, the senior vice president now directly owns 74,084 shares in the company, valued at $4,142,036.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,932 shares of company stock valued at $721,243. Insiders own 1.40% of the company’s stock.

Kroger Stock Performance

Shares of KR opened at $59.60 on Tuesday. The company has a 50-day simple moving average of $55.92 and a 200-day simple moving average of $54.00. The company has a quick ratio of 0.46, a current ratio of 0.87 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $43.12 billion, a PE ratio of 15.60, a P/E/G ratio of 0.93 and a beta of 0.48. The Kroger Co. has a 52-week low of $42.10 and a 52-week high of $60.35.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $33.91 billion during the quarter, compared to the consensus estimate of $34.09 billion. Kroger had a net margin of 1.86% and a return on equity of 28.54%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. Equities research analysts predict that The Kroger Co. will post 4.46 earnings per share for the current fiscal year.

Kroger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be paid a $0.32 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.15%. Kroger’s payout ratio is 33.51%.

Analyst Upgrades and Downgrades

KR has been the subject of a number of recent research reports. BNP Paribas initiated coverage on shares of Kroger in a research note on Friday, October 18th. They set a “neutral” rating and a $56.00 price target for the company. Evercore ISI increased their price target on shares of Kroger from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. increased their price target on shares of Kroger from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Melius Research started coverage on shares of Kroger in a research note on Monday, September 23rd. They set a “hold” rating and a $55.00 price target for the company. Finally, StockNews.com downgraded shares of Kroger from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 16th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kroger currently has a consensus rating of “Moderate Buy” and an average target price of $60.09.

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.