Haverford Trust Co. Makes New $458,000 Investment in Kroger Co (NYSE:KR)
Haverford Trust Co. purchased a new position in shares of Kroger Co (NYSE:KR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,750 shares of the company’s stock, valued at approximately $458,000.
A number of other large investors have also modified their holdings of the business. TRUE Private Wealth Advisors acquired a new position in shares of Kroger during the 2nd quarter worth about $26,000. Sageworth Trust Co acquired a new position in shares of Kroger during the 2nd quarter worth about $33,000. Capital Investment Advisory Services LLC increased its stake in shares of Kroger by 57.2% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 1,787 shares of the company’s stock worth $37,000 after purchasing an additional 650 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Kroger during the 3rd quarter worth about $40,000. Finally, Enterprise Financial Services Corp increased its stake in shares of Kroger by 151.6% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,935 shares of the company’s stock worth $41,000 after purchasing an additional 1,166 shares during the last quarter. 80.35% of the stock is currently owned by hedge funds and other institutional investors.
KR traded up $0.16 on Friday, reaching $27.02. The company had a trading volume of 6,533,301 shares, compared to its average volume of 8,694,465. Kroger Co has a fifty-two week low of $20.70 and a fifty-two week high of $31.98. The stock has a market cap of $22.31 billion, a P/E ratio of 12.81, a P/E/G ratio of 2.00 and a beta of 0.56. The company’s fifty day moving average is $25.12 and its 200 day moving average is $23.89. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.27 and a current ratio of 0.76.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be paid a $0.16 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.37%. Kroger’s dividend payout ratio (DPR) is currently 30.33%.
Several research analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of Kroger from $30.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Telsey Advisory Group boosted their price objective on shares of Kroger from $27.00 to $29.00 and gave the stock a “market perform” rating in a research note on Wednesday. UBS Group boosted their price objective on shares of Kroger from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. BMO Capital Markets restated a “market perform” rating and set a $26.00 price objective (up from $24.00) on shares of Kroger in a research note on Wednesday, September 4th. Finally, Pivotal Research restated a “buy” rating and set a $30.00 price objective (up from $26.00) on shares of Kroger in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $27.37.
In other Kroger news, SVP Mary Ellen Adcock sold 15,400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $28.00, for a total value of $431,200.00. Following the completion of the sale, the senior vice president now owns 121,085 shares of the company’s stock, valued at approximately $3,390,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Joseph Donnelly sold 1,574 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $26.46, for a total transaction of $41,648.04. Following the completion of the sale, the chief operating officer now directly owns 324,209 shares of the company’s stock, valued at approximately $8,578,570.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,323 shares of company stock worth $3,537,389. 1.34% of the stock is owned by company insiders.
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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