Baker Ellis Asset Management LLC raised its position in shares of Kimberly-Clark Corp. (NYSE:KMB) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 18,005 shares of the company’s stock after buying an additional 727 shares during the period. Baker Ellis Asset Management LLC’s holdings in Kimberly-Clark Corp. were worth $2,475,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Management Corp VA increased its position in Kimberly-Clark Corp. by 0.5% in the second quarter. Capital Management Corp VA now owns 1,778 shares of the company’s stock worth $244,000 after buying an additional 8 shares in the last quarter. Adirondack Trust Co. increased its position in Kimberly-Clark Corp. by 0.4% in the second quarter. Adirondack Trust Co. now owns 2,643 shares of the company’s stock worth $363,000 after buying an additional 11 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in Kimberly-Clark Corp. by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 3,018 shares of the company’s stock worth $415,000 after buying an additional 13 shares in the last quarter. Cypress Wealth Advisors LLC increased its position in Kimberly-Clark Corp. by 0.3% in the first quarter. Cypress Wealth Advisors LLC now owns 4,932 shares of the company’s stock worth $663,000 after buying an additional 16 shares in the last quarter. Finally, Stratford Consulting LLC increased its position in Kimberly-Clark Corp. by 0.7% in the second quarter. Stratford Consulting LLC now owns 2,905 shares of the company’s stock worth $399,000 after buying an additional 20 shares in the last quarter. Institutional investors own 68.37% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) traded down 0.18% during mid-day trading on Friday, reaching $123.01. 1,397,899 shares of the company’s stock were exchanged. Kimberly-Clark Corp. has a 1-year low of $114.36 and a 1-year high of $138.87. The firm’s 50-day moving average is $125.64 and its 200 day moving average is $130.08. The stock has a market capitalization of $44.24 billion, a PE ratio of 22.81 and a beta of 0.42.
Kimberly-Clark Corp. (NYSE:KMB) last announced its earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.05. The company 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 firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 earnings per share. Analysts forecast that Kimberly-Clark Corp. will post $6.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th were given 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 payout ratio is currently 68.40%.
KMB has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Tuesday, July 26th. Zacks Investment Research raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a report on Tuesday, June 28th. Citigroup Inc. lifted their price objective on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. 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 report on Friday, July 15th. Finally, 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 report on Sunday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $136.63.
In other news, 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 value of $1,521,562.02. Following the completion of the transaction, the senior vice president now owns 33,557 shares of the company’s stock, valued at $4,274,155.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Anthony J. Palmer sold 3,080 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the insider now directly owns 5,995 shares of the company’s stock, valued at approximately $779,350. The disclosure for this sale can be found here. Company 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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