Starfire Investment Advisers Inc. maintained its position in shares of Kimberly-Clark Corporation (NYSE:KMB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,675 shares of the company’s stock at the close of the second quarter. Starfire Investment Advisers Inc.’s holdings in Kimberly-Clark Corporation were worth $345,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Investment Partners Ltd. OH ADV lifted its holdings in shares of Kimberly-Clark Corporation by 0.3% in the second quarter. Investment Partners Ltd. OH ADV now owns 2,852 shares of the company’s stock worth $368,000 after buying an additional 8 shares in the last quarter. Genesee Valley Trust Co. lifted its holdings in shares of Kimberly-Clark Corporation by 0.6% in the first quarter. Genesee Valley Trust Co. now owns 2,545 shares of the company’s stock worth $335,000 after buying an additional 15 shares in the last quarter. Kistler Tiffany Companies LLC lifted its holdings in shares of Kimberly-Clark Corporation by 0.5% in the first quarter. Kistler Tiffany Companies LLC now owns 2,909 shares of the company’s stock worth $383,000 after buying an additional 15 shares in the last quarter. Stratford Consulting LLC lifted its holdings in shares of Kimberly-Clark Corporation by 0.7% in the second quarter. Stratford Consulting LLC now owns 2,034 shares of the company’s stock worth $263,000 after buying an additional 15 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Kimberly-Clark Corporation by 0.7% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 2,466 shares of the company’s stock worth $325,000 after buying an additional 16 shares in the last quarter. 70.08% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on KMB shares. Goldman Sachs Group, Inc. (The) set a $157.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Macquarie started coverage on shares of Kimberly-Clark Corporation in a report on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Friday, September 8th. BidaskClub downgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, UBS AG reaffirmed a “neutral” rating and set a $119.00 price target (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $131.46.
In related news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by insiders.
Kimberly-Clark Corporation (NYSE:KMB) opened at 117.56 on Friday. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The company has a market cap of $41.53 billion, a PE ratio of 19.63 and a beta of 0.76. The firm’s 50-day moving average is $119.28 and its 200-day moving average is $125.72.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the firm earned $1.53 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.30%. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
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About Kimberly-Clark Corporation
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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