Transform Wealth LLC acquires 171,374 shares of The Kroger Co. (NYSE:KR)
According to the most recent filing that Transform Wealth LLC submitted to the Securities and Exchange Commission, the company made a new investment in The Kroger Co (NYSE: K.R.) during the quarter ending in December. One institutional investor purchased 171,374 shares of the company’s stock for around $7,640,000.
Several other hedge funds have recently been active in the company’s stock market, buying and selling shares. First Hawaiian Bank boosted the percentage of Kroger stock owned by 4.3% during the fourth and final quarter. First Hawaiian Bank now has 12,386 shares of the company’s stock, valued at $552,000, following acquiring an additional 514 shares during the most recent fiscal quarter. Hennion & Walsh Asset Management INC bought an additional 39.2 percent of Kroger stock during the last three months of the year. Hennion & Walsh Asset Management INC now has 30,178 shares of the company’s stock, valued at $1,345,000, following the acquisition of an additional 8,499 shares during the most recent fiscal quarter.
The stock holdings of Kroger, managed by Assenagon Asset Management S.A., grew by 234.3% during the fourth quarter.
After acquiring an additional 489,382 shares during the most recent quarter, Assenagon Asset Management S.A. now holds 698,292 shares of the company’s stock, valued at $31,130,000.
During the last three months of 2018, Cairn Investment Group INC boosted the percentage of Kroger stock held by 3.0%.
After purchasing an additional 1,850 shares during the most recent quarter, Cairn Investment Group INC has 63,615 shares of the company’s stock, equivalent to $2,836,000.
By the end of the year, Acropolis Investment Management LLC had added 2.4% to its stake in Kroger by increasing its holdings during the fourth quarter.
After acquiring 770 additional shares during the preceding quarter, Acropolis Investment Management LLC now holds 32,947 shares of the company’s stock, valued at $1,469,000.
Institutional investors own 78.03 percent of the company’s total outstanding shares.
The NYSE: K.R. commenced trading on Tuesday at $47.35.
The 52-week low for Kroger Co is $41.81, while the 52-week high is $62.78.
The share price currently sits at a P/E ratio of 15.42, a PEG ratio of 1.72, and a beta value of 0.47.
The total market capitalization of the company is $33.89 billion.
The debt-to-equity ratio comes in at 1.26, the current ratio at 0.76, and the quick ratio at 0.30.
The company’s stock price is currently trading at a 50-day moving average of $45.17, and its 200-day moving average price is currently trading at $45.85.
On March 2, Kroger (NYSE: K.R.) disclosed the results of its most recent quarterly financial report.
The firm reported earnings per share (EPS) for the quarter at $0.99, which is $0.09 better than the estimate of $0.90 made by the market. Kroger’s return on equity was 31.84%, and the company’s net margin was 1.51%.
The actual revenue for the quarter was $34.82 billion, which is higher than the forecasted figure of $34.89 billion by analysts.
The company had a net income of $0.91 per share during the previous year’s period. Compared to the same period the previous year, the total revenue for the quarter saw a 5.4% increase.
This year, industry experts anticipate that Kroger Co will generate $4.53 per share earnings.
In addition, the business just announced a quarterly dividend, which is scheduled to be distributed on the first Thurs.