Boston Advisors Lowers stake in The Kroger Co (KR)

The Kroger Co (KR) : Boston Advisors reduced its stake in The Kroger Co by 0.39% during the most recent quarter end. The investment management company now holds a total of 814,052 shares of The Kroger Co which is valued at $28,955,830 after selling 3,216 shares in The Kroger Co , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.The Kroger Co makes up approximately 0.70% of Boston Advisors’s portfolio.

Other Hedge Funds, Including , Calamos Advisors boosted its stake in KR in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 135,129 shares of The Kroger Co which is valued at $4,806,539. The Kroger Co makes up approx 0.04% of Calamos Advisors’s portfolio.New York State Teachers Retirement System reduced its stake in KR by selling 17,468 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 1,926,072 shares of KR which is valued at $69,300,071. The Kroger Co makes up approx 0.18% of New York State Teachers Retirement System’s portfolio.Community Bank N.a. reduced its stake in KR by selling 110 shares or 7.14% in the most recent quarter. The Hedge Fund company now holds 1,430 shares of KR which is valued at $51,966. The Kroger Co makes up approx 0.01% of Community Bank N.a.’s portfolio.Corbyn Investment Management Incmd boosted its stake in KR in the latest quarter, The investment management firm added 232,085 additional shares and now holds a total of 288,585 shares of The Kroger Co which is valued at $10,487,179. The Kroger Co makes up approx 3.27% of Corbyn Investment Management Incmd’s portfolio.

The Kroger Co closed down -0.21 points or -0.61% at $34.19 with 1,91,49,521 shares getting traded on Friday. Post opening the session at $34.3, the shares hit an intraday low of $33.805 and an intraday high of $34.4 and the price fluctuated in this range throughout the day.Shares ended Friday 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.Sun Trust Rbsn Humphrey Initiated The Kroger Co on May 3, 2016 to “Neutral”, Price Target of the shares are set at $39.

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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