Woodmont Investment Counsel LLC maintained its position in shares of Kimberly-Clark Corporation (NYSE:KMB) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,561 shares of the company’s stock at the close of the 1st quarter. Woodmont Investment Counsel LLC’s holdings in Kimberly-Clark Corporation were worth $521,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after acquiring an additional 68,776 shares in the last quarter. Oarsman Capital Inc. boosted its holdings in Kimberly-Clark Corporation by 3.0% in the first quarter. Oarsman Capital Inc. now owns 12,219 shares of the company’s stock worth $1,608,000 after acquiring an additional 361 shares in the last quarter. Royce & Associates LP boosted its holdings in Kimberly-Clark Corporation by 55.7% in the first quarter. Royce & Associates LP now owns 31,300 shares of the company’s stock worth $4,120,000 after acquiring an additional 11,200 shares in the last quarter. Swiss National Bank boosted its holdings in Kimberly-Clark Corporation by 20.5% in the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock worth $218,180,000 after acquiring an additional 282,300 shares in the last quarter. Finally, Twin Tree Management LP bought a new stake in Kimberly-Clark Corporation in the first quarter worth $1,652,000. 70.10% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Robert W. Decherd acquired 1,500 shares of Kimberly-Clark Corporation stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the purchase, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.
Several equities research analysts have commented on the company. Macquarie assumed coverage on Kimberly-Clark Corporation in a report on Friday. They issued a “neutral” rating and a $121.00 target price on the stock. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and issued a $119.00 target price on shares of Kimberly-Clark Corporation in a report on Thursday, September 7th. UBS AG downgraded Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $134.00 to $120.00 in a report on Wednesday, July 12th. Finally, BidaskClub downgraded Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. Kimberly-Clark Corporation presently has an average rating of “Hold” and a consensus target price of $132.07.
Kimberly-Clark Corporation (NYSE KMB) traded up 0.12% during mid-day trading on Friday, reaching $120.97. The company had a trading volume of 978,114 shares. The firm has a market capitalization of $42.74 billion, a PE ratio of 20.20 and a beta of 0.78. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The stock’s 50-day moving average price is $121.64 and its 200 day moving average price is $127.95.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.49. The company had revenue of $4.55 billion during 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%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 EPS. On average, equities research analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.21%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
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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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