Amalgamated Bank Has $10.11 Million Holdings in The Kroger Co. (NYSE:KR)

Amalgamated Bank lessened its holdings in The Kroger Co. (NYSE:KRGet Rating) by 6.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,249 shares of the company’s stock after selling 12,801 shares during the period. Amalgamated Bank’s holdings in Kroger were worth $10,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KR. Key Financial Inc raised its stake in Kroger by 81.6% in the 1st quarter. Key Financial Inc now owns 445 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Hoey Investments Inc. bought a new stake in Kroger in the 1st quarter valued at $29,000. Newbridge Financial Services Group Inc. bought a new stake in Kroger in the 1st quarter valued at $29,000. JFS Wealth Advisors LLC raised its stake in Kroger by 179.5% in the 1st quarter. JFS Wealth Advisors LLC now owns 531 shares of the company’s stock valued at $30,000 after acquiring an additional 341 shares during the period. Finally, Okabena Investment Services Inc. bought a new stake in Kroger in the 4th quarter valued at $34,000. Institutional investors own 79.05% of the company’s stock.

Kroger Trading Down 1.3 %

NYSE KR opened at $47.28 on Friday. The company has a market cap of $33.83 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.04 and a beta of 0.47. The Kroger Co. has a 52 week low of $38.22 and a 52 week high of $62.78. The business has a 50 day moving average price of $47.94 and a 200-day moving average price of $51.64. The company has a quick ratio of 0.28, a current ratio of 0.72 and a debt-to-equity ratio of 1.30.

Kroger (NYSE:KRGet Rating) last announced its earnings results on Friday, September 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $34.64 billion for the quarter, compared to analysts’ expectations of $34.44 billion. Kroger had a return on equity of 31.72% and a net margin of 1.70%. Kroger’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. As a group, equities analysts expect that The Kroger Co. will post 4.04 earnings per share for the current fiscal year.

Kroger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.20%. Kroger’s payout ratio is 31.61%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Guggenheim reiterated a “buy” rating and set a $57.00 price objective on shares of Kroger in a research report on Friday, June 17th. UBS Group increased their price objective on Kroger to $57.00 in a research report on Tuesday. StockNews.com cut Kroger from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 12th. Evercore ISI increased their price objective on Kroger from $51.00 to $54.00 and gave the stock an “in-line” rating in a research report on Monday, September 12th. Finally, Credit Suisse Group lowered their price objective on Kroger from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, September 8th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $52.89.

Kroger Company Profile

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The Kroger Co operates as a 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.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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