First Financial Equity Corporation Buys New Position in Kimberly-Clark Corporation (KMB)

First Financial Equity Corporation bought a new position in Kimberly-Clark Corporation (NYSE:KMB) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,144 shares of the company’s stock, valued at approximately $681,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC grew its stake in shares of Kimberly-Clark Corporation by 4.7% in the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares in the last quarter. Heritage Trust Co bought a new stake in shares of Kimberly-Clark Corporation in the 1st quarter worth $118,000. Acrospire Investment Management LLC grew its stake in shares of Kimberly-Clark Corporation by 125.0% in the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 500 shares in the last quarter. Armbruster Capital Management Inc. grew its stake in shares of Kimberly-Clark Corporation by 38.5% in the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 250 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. grew its stake in shares of Kimberly-Clark Corporation by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 70.10% of the company’s stock.

Shares of Kimberly-Clark Corporation (KMB) traded up 0.7106% during midday trading on Tuesday, hitting $120.4499. The stock had a trading volume of 531,755 shares. The firm has a market cap of $42.56 billion, a price-to-earnings ratio of 20.1119 and a beta of 0.78. The stock’s 50 day moving average price is $121.97 and its 200 day moving average price is $128.21. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21.

Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the firm earned $1.53 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.24%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.

In related news, Director Robert W. Decherd acquired 1,500 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average cost of $122.21 per share, with a total value of $183,315.00. Following the transaction, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is owned by insiders.

Several research firms have recently issued reports on KMB. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and issued a $119.00 price target on shares of Kimberly-Clark Corporation in a report on Thursday, September 7th. UBS AG downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and cut their price target for the stock from $134.00 to $120.00 in a report on Wednesday, July 12th. BidaskClub downgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a report on Friday, July 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $132.86.

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Kimberly-Clark Corporation Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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.

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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