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.
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