Hirtle Callaghan Co Lowers stake in The Kroger Co (KR)

The Kroger Co (KR) : Hirtle Callaghan Co reduced its stake in The Kroger Co by 7.18% during the most recent quarter end. The investment management company now holds a total of 23,826 shares of The Kroger Co which is valued at $791,023 after selling 1,844 shares in The Kroger Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.The Kroger Co makes up approximately 0.14% of Hirtle Callaghan Co’s portfolio.

Other Hedge Funds, Including , Cranbrook Wealth Management reduced its stake in KR by selling 320 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 960 shares of KR which is valued at $31,872. The Kroger Co makes up approx 0.02% of Cranbrook Wealth Management’s portfolio.Pillar Pacific Capital Management reduced its stake in KR by selling 1,560 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 169,528 shares of KR which is valued at $5,628,330. The Kroger Co makes up approx 0.91% of Pillar Pacific Capital Management’s portfolio. Rehmann Capital Advisory Group sold out all of its stake in KR during the most recent quarter. The investment firm sold 5,690 shares of KR which is valued $202,393.Louisiana State Employees Retirement System reduced its stake in KR by selling 2,600 shares or 3.99% in the most recent quarter. The Hedge Fund company now holds 62,600 shares of KR which is valued at $2,226,682. The Kroger Co makes up approx 0.11% of Louisiana State Employees Retirement System’s portfolio.

The Kroger Co closed down -0.31 points or -0.95% at $32.31 with 1,18,37,880 shares getting traded on Monday. Post opening the session at $32.62, the shares hit an intraday low of $32.27 and an intraday high of $32.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, The Kroger Co reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 16, 2016. Analyst had a consensus of $0.69. The company had revenue of $34604.00 million for the quarter, compared to analysts expectations of $34728.52 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.

Investors should note that on Jun 23, 2016, The Kroger Co announced a cash dividend of $0.1200. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 1, 2016.

Many Wall Street Analysts have commented on The Kroger Co. The Kroger Co was Upgraded by Goldman to ” Buy” on Jul 26, 2016. Piper Jaffray Initiated The Kroger Co on May 10, 2016 to “Underweight”, Price Target of the shares are set at $29.

The Kroger Co. (Kroger) operates retail food and drug stores multi-department stores jewelry stores and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated either directly or through its subsidiaries approximately 2625 supermarkets and multi-department stores approximately 1330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities including some Company-owned buildings on leased land. The Company operates its 2640 supermarket and multi-department stores under banners including Kroger City Market Dillons Food 4 Less Fred Meyer Fry’s Harris Teeter Jay C King Soopers QFC Ralphs and Smith’s. Of these stores 1330 have fuel centers. The Company also operates 782 convenience stores either directly or through franchisees 326 fine jewelry stores and an online retailer.

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