FTB Advisors Inc. boosted its stake in Kimberly-Clark Corp. (NYSE:KMB) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 1,740 shares of the company’s stock after buying an additional 27 shares during the period. FTB Advisors Inc.’s holdings in Kimberly-Clark Corp. were worth $239,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in KMB. Stratos Wealth Partners LTD. boosted its stake in Kimberly-Clark Corp. by 32.5% in the first quarter. Stratos Wealth Partners LTD. now owns 21,484 shares of the company’s stock valued at $2,890,000 after buying an additional 5,275 shares during the period. Rehmann Capital Advisory Group boosted its stake in Kimberly-Clark Corp. by 1.1% in the first quarter. Rehmann Capital Advisory Group now owns 4,145 shares of the company’s stock valued at $558,000 after buying an additional 46 shares during the period. Willingdon Wealth Management purchased a new stake in Kimberly-Clark Corp. during the first quarter valued at $1,909,000. Wrapmanager Inc. boosted its stake in Kimberly-Clark Corp. by 6.8% in the first quarter. Wrapmanager Inc. now owns 9,345 shares of the company’s stock valued at $1,257,000 after buying an additional 591 shares during the period. Finally, FDO Partners LLC boosted its stake in Kimberly-Clark Corp. by 102.3% in the first quarter. FDO Partners LLC now owns 3,512 shares of the company’s stock valued at $472,000 after buying an additional 1,776 shares during the period. Institutional investors own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.93% during trading on Friday, hitting $120.50. The stock had a trading volume of 1,894,775 shares. The stock has a market capitalization of $43.34 billion, a price-to-earnings ratio of 22.34 and a beta of 0.42. The firm has a 50 day moving average price of $124.72 and a 200-day moving average price of $129.66. Kimberly-Clark Corp. has a 52 week low of $116.50 and a 52 week high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.48 by $0.05. The firm 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 company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 EPS. On average, equities research analysts forecast that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal 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 3.05%. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is presently 68.40%.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a $156.00 price objective (up 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 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. lifted their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $135.22.
In related news, SVP Lizanne C. Gottung sold 6,204 shares of the firm’s stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Thomas J. Falk sold 206,445 shares of the firm’s stock in a transaction that occurred 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 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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