Alley Co LLC decreased its position in Kimberly-Clark Corporation (NYSE:KMB) by 22.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,183 shares of the company’s stock after selling 5,449 shares during the period. Alley Co LLC’s holdings in Kimberly-Clark Corporation were worth $2,525,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its position in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares in the last quarter. Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the first quarter worth approximately $118,000. Acrospire Investment Management LLC increased its position in shares of Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares in the last quarter. Armbruster Capital Management Inc. increased its position in shares of Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares in the last quarter. Finally, Clean Yield Group acquired a new position in shares of Kimberly-Clark Corporation during the first quarter worth approximately $145,000. 70.15% of the stock is currently owned by institutional investors.
Kimberly-Clark Corporation (NYSE:KMB) opened at 121.39 on Friday. The firm has a market capitalization of $42.89 billion, a price-to-earnings ratio of 20.27 and a beta of 0.76. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The firm’s 50-day moving average is $123.72 and its 200 day moving average is $128.52.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the firm posted $1.53 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. Analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is 64.88%.
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KMB has been the topic of a number of research reports. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Zacks Investment Research lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, BidaskClub lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $133.07.
In related news, Director Robert W. Decherd acquired 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the acquisition, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sergio Cruz sold 7,078 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now owns 4,910 shares in the company, valued at $638,349.10. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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