Quadrant Capital Group LLC lowered its position in Kimberly-Clark Corp. (NYSE:KMB) by 44.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,337 shares of the company’s stock after selling 1,072 shares during the period. Quadrant Capital Group LLC’s holdings in Kimberly-Clark Corp. were worth $177,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Kimberly-Clark Corp. by 37.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 294,070 shares of the company’s stock worth $39,555,000 after buying an additional 80,685 shares during the last quarter. Check Capital Management Inc. CA acquired a new stake in shares of Kimberly-Clark Corp. during the first quarter worth $260,000. Cornerstone Financial Partners LLC boosted its stake in shares of Kimberly-Clark Corp. by 102.9% in the first quarter. Cornerstone Financial Partners LLC now owns 12,736 shares of the company’s stock worth $1,718,000 after buying an additional 6,459 shares during the last quarter. Dubuque Bank & Trust Co. boosted its stake in shares of Kimberly-Clark Corp. by 50.9% in the first quarter. Dubuque Bank & Trust Co. now owns 2,196 shares of the company’s stock worth $295,000 after buying an additional 741 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in shares of Kimberly-Clark Corp. during the first quarter worth $417,000. Hedge funds and other institutional investors own 68.37% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) traded down 0.18% on Friday, hitting $123.01. 1,397,899 shares of the stock were exchanged. Kimberly-Clark Corp. has a one year low of $114.36 and a one year high of $138.87. The company has a 50 day moving average of $125.64 and a 200 day moving average of $130.08. The stock has a market capitalization of $44.24 billion, a P/E ratio of 22.81 and a beta of 0.42.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. The firm earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.41 earnings per share. On average, equities research analysts forecast that Kimberly-Clark Corp. will post $6.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 9th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio is currently 68.40%.
A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a $156.00 price objective (up previously from $152.00) on shares of Kimberly-Clark Corp. in a research note on Friday, July 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $132.00 price objective (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. B. Riley reaffirmed a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a research note on Tuesday, July 26th. Finally, Citigroup Inc. raised their price objective on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Kimberly-Clark Corp. presently has an average rating of “Hold” and a consensus price target of $136.63.
In related news, Chairman Thomas J. Falk sold 206,445 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the transaction, the senior vice president now owns 33,557 shares of the company’s stock, valued at approximately $4,274,155.09. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
About Kimberly-Clark Corp.
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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