Palouse Capital Management Inc. lowered its stake in shares of Kroger Co (NYSE:KR) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,927 shares of the company’s stock after selling 882 shares during the quarter. Palouse Capital Management Inc.’s holdings in Kroger were worth $3,270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Meiji Yasuda Life Insurance Co increased its holdings in Kroger by 2.5% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 36,300 shares of the company’s stock worth $893,000 after buying an additional 900 shares during the period. Andra AP fonden acquired a new position in Kroger in the 1st quarter worth approximately $6,969,000. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Kroger by 3.4% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,098 shares of the company’s stock worth $863,000 after buying an additional 1,149 shares during the period. Advisory Alpha LLC acquired a new position in Kroger in the 1st quarter worth approximately $108,000. Finally, Wealthcare Advisory Partners LLC increased its holdings in Kroger by 852.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,428 shares of the company’s stock worth $60,000 after buying an additional 2,173 shares during the period. Hedge funds and other institutional investors own 80.15% of the company’s stock.

In other news, VP Michael Joseph Donnelly sold 10,916 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $25.83, for a total transaction of $281,960.28. Following the transaction, the vice president now owns 351,095 shares in the company, valued at approximately $9,068,783.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert D. Beyer sold 80,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $24.52, for a total value of $1,961,600.00. Following the transaction, the director now owns 126,800 shares in the company, valued at approximately $3,109,136. The disclosure for this sale can be found here. Insiders have sold a total of 108,416 shares of company stock worth $2,694,175 in the last quarter. Insiders own 1.34% of the company’s stock.

A number of equities research analysts have recently commented on KR shares. Zacks Investment Research cut shares of Kroger from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 price objective (down previously from $31.00) on shares of Kroger in a research note on Friday, March 8th. Credit Suisse Group dropped their price objective on shares of Kroger from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, March 8th. Buckingham Research dropped their price objective on shares of Kroger from $24.00 to $22.00 and set an “underperform” rating on the stock in a research note on Friday, March 8th. Finally, Morgan Stanley dropped their price objective on shares of Kroger from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, March 8th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Kroger currently has an average rating of “Hold” and an average price target of $29.84.

Shares of NYSE:KR traded up $0.04 during midday trading on Wednesday, reaching $24.70. 234,972 shares of the company’s stock traded hands, compared to its average volume of 7,866,140. Kroger Co has a 1 year low of $22.44 and a 1 year high of $32.74. The firm has a market capitalization of $19.30 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.44 and a beta of 0.71. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.76 and a quick ratio of 0.28.

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.27%. Kroger’s dividend payout ratio (DPR) is 26.54%.

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Kroger Profile

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.

Further Reading: What is the Consumer Price Index (CPI)?

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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