Beck Mack & Oliver LLC decreased its stake in Kimberly-Clark Corp. (NYSE:KMB) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,725 shares of the company’s stock after selling 2,300 shares during the period. Beck Mack & Oliver LLC’s holdings in Kimberly-Clark Corp. were worth $12,198,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hanson & Doremus Investment Management raised its position in shares of Kimberly-Clark Corp. by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock valued at $157,000 after buying an additional 10 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in shares of Kimberly-Clark Corp. by 58.2% in the second quarter. Bbva Compass Bancshares Inc. now owns 30,518 shares of the company’s stock valued at $4,195,000 after buying an additional 11,226 shares in the last quarter. FTB Advisors Inc. raised its position in shares of Kimberly-Clark Corp. by 1.6% in the second quarter. FTB Advisors Inc. now owns 1,740 shares of the company’s stock valued at $239,000 after buying an additional 27 shares in the last quarter. Alley Co LLC raised its position in shares of Kimberly-Clark Corp. by 3.9% in the second quarter. Alley Co LLC now owns 30,372 shares of the company’s stock valued at $4,176,000 after buying an additional 1,143 shares in the last quarter. Finally, Cooke & Bieler LP raised its position in shares of Kimberly-Clark Corp. by 35.1% in the second quarter. Cooke & Bieler LP now owns 48,067 shares of the company’s stock valued at $6,608,000 after buying an additional 12,500 shares in the last quarter. 68.31% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Corp. (NYSE:KMB) traded up 0.34% during mid-day trading on Monday, reaching $120.91. 619,518 shares of the company were exchanged. The company has a market capitalization of $43.48 billion, a PE ratio of 22.42 and a beta of 0.42. Kimberly-Clark Corp. has a one year low of $116.50 and a one year high of $138.87. The stock has a 50-day moving average price of $124.72 and a 200 day moving average price of $129.66.
Kimberly-Clark Corp. (NYSE:KMB) last released its earnings results on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.05. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 EPS. Analysts predict that Kimberly-Clark Corp. will post $6.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio is presently 68.40%.
Several research analysts recently issued reports on the stock. Atlantic Securities initiated coverage on shares of Kimberly-Clark Corp. in a research note on Monday, October 10th. They set an “underweight” rating and a $124.00 target price on the stock. Zacks Investment Research lowered shares of Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $154.00 price objective on shares of Kimberly-Clark Corp. in a research note on Monday, September 12th. B. Riley reaffirmed a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Finally, Citigroup Inc. raised their price objective on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Kimberly-Clark Corp. presently has a consensus rating of “Hold” and a consensus price target of $135.22.
In other news, Chairman Thomas J. Falk sold 206,445 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total value of $27,539,763.00. Following the sale, the chairman now directly owns 125,574 shares of the company’s stock, valued at approximately $16,751,571.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas J. Mielke sold 11,946 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the completion of the sale, the senior vice president now directly owns 33,557 shares in the company, valued at $4,274,155.09. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.
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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