Eagle Global Advisors LLC held its stake in Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,300 shares of the company’s stock at the end of the first quarter. Eagle Global Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $434,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Independence Trust CO bought a new position in Kimberly-Clark Corporation during the first quarter worth approximately $220,000. FCG Advisors LLC increased its position in Kimberly-Clark Corporation by 1.2% in the first quarter. FCG Advisors LLC now owns 1,895 shares of the company’s stock worth $249,000 after buying an additional 22 shares during the period. Mark Sheptoff Financial Planning LLC increased its position in Kimberly-Clark Corporation by 35.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 3,811 shares of the company’s stock worth $502,000 after buying an additional 1,001 shares during the period. Norinchukin Bank The increased its position in Kimberly-Clark Corporation by 4.8% in the first quarter. Norinchukin Bank The now owns 28,018 shares of the company’s stock worth $3,688,000 after buying an additional 1,291 shares during the period. Finally, Ffcm LLC increased its position in Kimberly-Clark Corporation by 5.4% in the first quarter. Ffcm LLC now owns 16,533 shares of the company’s stock worth $2,177,000 after buying an additional 843 shares during the period. 70.15% of the stock is owned by institutional investors.
Kimberly-Clark Corporation (NYSE:KMB) traded up 0.08% during mid-day trading on Wednesday, hitting $122.33. The stock had a trading volume of 1,005,419 shares. The company’s 50 day moving average price is $124.46 and its 200 day moving average price is $128.60. The firm has a market cap of $43.22 billion, a PE ratio of 20.43 and a beta of 0.76. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. Kimberly-Clark Corporation’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm posted $1.53 EPS. Analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.17%. Kimberly-Clark Corporation’s dividend payout ratio is 64.88%.
A number of research firms recently commented on KMB. Vetr downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a research note on Tuesday, April 18th. Jefferies Group LLC began coverage on Kimberly-Clark Corporation in a research note on Tuesday, April 18th. They issued a “hold” rating and a $134.00 price target for the company. TheStreet raised Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 25th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. Kimberly-Clark Corporation has a consensus rating of “Hold” and a consensus price target of $133.07.
In related news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sergio Cruz sold 7,078 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total value 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. Company insiders own 0.56% of the company’s stock.
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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