Cleararc Capital Inc. decreased its position in Kimberly-Clark Corporation (NYSE:KMB) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,692 shares of the company’s stock after selling 12 shares during the period. Cleararc Capital Inc.’s holdings in Kimberly-Clark Corporation were worth $1,144,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Marco Investment Management LLC boosted its holdings in shares of Kimberly-Clark Corporation by 2.9% in the first quarter. Marco Investment Management LLC now owns 66,173 shares of the company’s stock valued at $8,710,000 after acquiring an additional 1,850 shares in the last quarter. Financial Counselors Inc. boosted its holdings in shares of Kimberly-Clark Corporation by 8.8% in the first quarter. Financial Counselors Inc. now owns 72,490 shares of the company’s stock valued at $9,542,000 after acquiring an additional 5,868 shares in the last quarter. Golub Group LLC boosted its holdings in shares of Kimberly-Clark Corporation by 1.8% in the first quarter. Golub Group LLC now owns 8,100 shares of the company’s stock valued at $1,066,000 after acquiring an additional 140 shares in the last quarter. RFG Advisory Group LLC boosted its holdings in shares of Kimberly-Clark Corporation by 18.7% in the first quarter. RFG Advisory Group LLC now owns 6,277 shares of the company’s stock valued at $827,000 after acquiring an additional 987 shares in the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Kimberly-Clark Corporation in the first quarter valued at about $259,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on KMB shares. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Jefferies Group LLC reissued a “hold” rating and set a $133.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, May 31st. Berenberg Bank started coverage on shares of Kimberly-Clark Corporation in a report on Friday, June 9th. They set a “hold” rating and a $136.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. Kimberly-Clark Corporation presently has an average rating of “Hold” and an average target price of $132.07.
Kimberly-Clark Corporation (NYSE:KMB) opened at 117.52 on Friday. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The firm has a market cap of $41.52 billion, a price-to-earnings ratio of 19.62 and a beta of 0.78. The stock has a 50 day moving average of $121.49 and a 200-day moving average of $127.61.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share 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 company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter last year, the firm posted $1.53 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.30%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
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In other news, Director Robert W. Decherd bought 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the acquisition, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation Profile
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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