Livingston Group Asset Management CO operating as Southport Capital Management decreased its position in Kimberly-Clark Corp. (NYSE:KMB) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,051 shares of the company’s stock after selling 550 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Kimberly-Clark Corp. were worth $1,519,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of Kimberly-Clark Corp. by 15.6% in the second quarter. Nisa Investment Advisors LLC now owns 142,170 shares of the company’s stock worth $19,546,000 after buying an additional 19,145 shares during the period. Wellington Management Group LLP raised its position in shares of Kimberly-Clark Corp. by 2.4% in the first quarter. Wellington Management Group LLP now owns 1,556,568 shares of the company’s stock worth $209,375,000 after buying an additional 35,970 shares during the period. Arizona State Retirement System raised its position in shares of Kimberly-Clark Corp. by 1.3% in the first quarter. Arizona State Retirement System now owns 188,528 shares of the company’s stock worth $25,359,000 after buying an additional 2,500 shares during the period. Nuveen Asset Management LLC raised its position in shares of Kimberly-Clark Corp. by 0.4% in the first quarter. Nuveen Asset Management LLC now owns 33,890 shares of the company’s stock worth $4,559,000 after buying an additional 122 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Kimberly-Clark Corp. by 2.2% in the first quarter. Legal & General Group Plc now owns 1,810,646 shares of the company’s stock worth $243,560,000 after buying an additional 38,660 shares during the period. Institutional investors own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 1.09% during midday trading on Monday, hitting $124.76. The stock had a trading volume of 1,512,336 shares. The stock has a 50 day moving average price of $126.21 and a 200-day moving average price of $130.36. The stock has a market capitalization of $44.87 billion, a price-to-earnings ratio of 23.13 and a beta of 0.42. Kimberly-Clark Corp. has a 52 week low of $111.22 and a 52 week high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last released its quarterly earnings results on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The firm earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period last year, the firm posted $1.41 EPS. The business’s revenue was down 1.2% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be given a $0.92 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $3.68 dividend on an annualized basis and a yield of 2.95%. Kimberly-Clark Corp.’s payout ratio is 68.40%.
A number of research analysts have issued reports on KMB shares. Zacks Investment Research lowered Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $154.00 price objective on shares of Kimberly-Clark Corp. in a report on Monday, September 12th. Deutsche Bank AG restated a “hold” rating and issued a $132.00 price objective (up previously from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. Citigroup Inc. upped their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, B. Riley restated a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $136.63.
In other news, SVP Lizanne C. Gottung sold 6,204 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $132.17, for a total value of $819,982.68. Following the transaction, the senior vice president now directly owns 11,797 shares in the company, valued at approximately $1,559,209.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Thomas J. Falk sold 206,445 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chairman now owns 125,574 shares in the company, valued at $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.
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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