Diligent Investors LLC maintained its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,950 shares of the company’s stock at the end of the second quarter. Diligent Investors LLC’s holdings in Kimberly-Clark Corp. were worth $268,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently 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 in the last quarter. Check Capital Management Inc. CA purchased a new stake in shares of Kimberly-Clark Corp. during the first quarter worth approximately $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 in 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 in the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of Kimberly-Clark Corp. during the first quarter worth approximately $417,000. 68.37% of the stock is owned by institutional investors.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.18% during trading on Friday, hitting $123.01. The company had a trading volume of 1,397,899 shares. Kimberly-Clark Corp. has a 52-week low of $114.36 and a 52-week high of $138.87. The stock’s 50-day moving average is $125.64 and its 200 day moving average is $130.08. The firm 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, topping the consensus estimate of $1.48 by $0.05. The company had revenue of $4.60 billion for 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 business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 earnings per share. Equities research analysts predict 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. Shareholders of record on Friday, September 9th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Wednesday, September 7th. Kimberly-Clark Corp.’s payout ratio is 68.40%.
A number of brokerages have commented on KMB. Zacks Investment Research cut Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. Goldman Sachs Group Inc. reissued 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. Deutsche Bank AG reissued 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. B. Riley reissued a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Tuesday, July 26th. Finally, Citigroup Inc. boosted 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $136.63.
In other Kimberly-Clark Corp. news, Chairman Thomas J. Falk sold 206,445 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the transaction, the chairman now owns 125,574 shares of the company’s stock, valued at $16,751,571.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anthony J. Palmer sold 3,080 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the insider now directly owns 5,995 shares in the company, 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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corp. (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corp. and related companies with MarketBeat.com's FREE daily email newsletter.