First Merchants Corp reduced its position in Kimberly-Clark Corp. (NYSE:KMB) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,290 shares of the company’s stock after selling 694 shares during the period. First Merchants Corp’s holdings in Kimberly-Clark Corp. were worth $2,927,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of KMB. HL Financial Services LLC boosted its position in shares of Kimberly-Clark Corp. by 10.5% in the second quarter. HL Financial Services LLC now owns 29,170 shares of the company’s stock worth $4,010,000 after buying an additional 2,764 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of Kimberly-Clark Corp. by 18.0% in the second quarter. NewSquare Capital LLC now owns 6,462 shares of the company’s stock worth $888,000 after buying an additional 984 shares during the last quarter. First National Bank Sioux Falls boosted its position in shares of Kimberly-Clark Corp. by 5.4% in the second quarter. First National Bank Sioux Falls now owns 1,473 shares of the company’s stock worth $203,000 after buying an additional 75 shares during the last quarter. Pitcairn Co. boosted its position in shares of Kimberly-Clark Corp. by 103.5% in the second quarter. Pitcairn Co. now owns 6,486 shares of the company’s stock worth $892,000 after buying an additional 3,298 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in shares of Kimberly-Clark Corp. by 6.4% in the second quarter. Douglas Lane & Associates LLC now owns 5,669 shares of the company’s stock worth $779,000 after buying an additional 339 shares during the last quarter. 68.37% of the stock is owned by institutional investors and hedge funds.
Kimberly-Clark Corp. (NYSE:KMB) traded down 0.96% during midday trading on Monday, reaching $125.51. The company had a trading volume of 1,336,850 shares. The stock has a market capitalization of $45.14 billion, a price-to-earnings ratio of 23.27 and a beta of 0.35. The company has a 50-day moving average price of $126.75 and a 200-day moving average price of $130.69. Kimberly-Clark Corp. has a one year low of $106.66 and a one year high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.05. The company earned $4.60 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $1.41 earnings per share. On average, equities analysts expect that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio is 68.40%.
A number of equities analysts have issued reports on the company. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $154.00 target price on shares of Kimberly-Clark Corp. in a report on Monday, September 12th. B. Riley reaffirmed a “neutral” rating and issued a $124.00 target price on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. Zacks Investment Research raised Kimberly-Clark Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Citigroup Inc. upped their target price on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $132.00 target price (up previously from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $136.63.
In other Kimberly-Clark Corp. news, SVP Lizanne C. Gottung sold 6,204 shares of Kimberly-Clark Corp. stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $132.17, for a total transaction of $819,982.68. Following the completion of the sale, the senior vice president now owns 11,797 shares of the company’s stock, valued at $1,559,209.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Thomas J. Falk sold 206,445 shares of Kimberly-Clark Corp. stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $133.40, for a total value of $27,539,763.00. Following the sale, the chairman now directly owns 125,574 shares of the company’s stock, valued at approximately $16,751,571.60. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
Kimberly-Clark Corp. Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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