SL Advisors LLC purchased a new position in Kimberly-Clark Corp. (NYSE:KMB) during the second quarter, Holdings Channel reports. The fund purchased 6,124 shares of the company’s stock, valued at approximately $842,000.
Several other hedge funds and other institutional investors also recently modified their holdings of KMB. James Investment Research Inc. boosted its position in Kimberly-Clark Corp. by 3.6% in the second quarter. James Investment Research Inc. now owns 829 shares of the company’s stock worth $114,000 after buying an additional 29 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its stake in Kimberly-Clark Corp. by 21.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,210 shares of the company’s stock valued at $163,000 after buying an additional 210 shares during the period. Cribstone Capital Management LLC purchased a new stake in Kimberly-Clark Corp. during the second quarter valued at $169,000. Cypress Capital Management LLC WY purchased a new stake in Kimberly-Clark Corp. during the second quarter valued at $181,000. Finally, Cornerstone Advisors Inc. boosted its stake in Kimberly-Clark Corp. by 288.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,347 shares of the company’s stock valued at $185,000 after buying an additional 1,000 shares during the period. Institutional investors own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 0.73% during trading on Wednesday, reaching $122.28. The company’s stock had a trading volume of 628,954 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 price is $125.34 and its 200-day moving average price is $129.88. The stock has a market cap of $43.98 billion, a price-to-earnings ratio of 22.67 and a beta of 0.42.
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 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 had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the firm posted $1.41 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Corp. will post $6.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $3.68 annualized dividend and a dividend yield of 3.03%. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is presently 68.40%.
KMB has been the topic of several research reports. Zacks Investment Research upgraded Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a report on Tuesday, June 28th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a $156.00 price target (up from $152.00) on shares of Kimberly-Clark Corp. in a report on Friday, July 15th. Deutsche Bank AG restated a “hold” rating and set a $132.00 price target (up from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. B. Riley restated a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a report on Tuesday, July 26th. Finally, Citigroup Inc. boosted their price target on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $135.22.
In other news, SVP Lizanne C. Gottung sold 6,204 shares of the 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 transaction, the senior vice president now directly owns 11,797 shares in the company, valued at approximately $1,559,209.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Thomas J. Falk sold 206,445 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total value of $27,539,763.00. Following 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. 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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