Blue Chip Partners Inc. lifted its position in Kimberly-Clark Corporation (NYSE:KMB) by 32.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,686 shares of the company’s stock after purchasing an additional 2,859 shares during the period. Blue Chip Partners Inc.’s holdings in Kimberly-Clark Corporation were worth $1,509,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pax World Management LLC boosted its holdings in shares of Kimberly-Clark Corporation by 7.7% in the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after purchasing an additional 200 shares during the period. Boston Family Office LLC boosted its holdings in shares of Kimberly-Clark Corporation by 0.8% in the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after purchasing an additional 90 shares during the period. Legal & General Group Plc boosted its holdings in shares of Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after purchasing an additional 68,776 shares during the period. Royce & Associates LP boosted its holdings in shares of Kimberly-Clark Corporation by 55.7% in the first quarter. Royce & Associates LP now owns 31,300 shares of the company’s stock valued at $4,120,000 after purchasing an additional 11,200 shares during the period. Finally, Oarsman Capital Inc. boosted its holdings in shares of Kimberly-Clark Corporation by 3.0% in the first quarter. Oarsman Capital Inc. now owns 12,219 shares of the company’s stock valued at $1,608,000 after purchasing an additional 361 shares during the period. Hedge funds and other institutional investors own 69.94% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) opened at 112.04 on Wednesday. The firm has a market capitalization of $39.58 billion, a P/E ratio of 18.71 and a beta of 0.76. The stock’s 50 day moving average price is $117.91 and its 200-day moving average price is $124.69. Kimberly-Clark Corporation has a 12 month low of $110.33 and a 12 month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the business earned $1.52 EPS. The company’s revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Corporation will post $6.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were issued a $0.97 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.46%. Kimberly-Clark Corporation’s payout ratio is 64.03%.
A number of brokerages recently issued reports on KMB. Zacks Investment Research lowered Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 16th. BidaskClub lowered Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Bank of America Corporation lowered their price target on Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, UBS AG reiterated a “neutral” rating and issued a $119.00 price target (down previously from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $126.73.
In other news, Director Robert W. Decherd acquired 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.
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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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