Crossvault Capital Management LLC boosted its position in Kimberly-Clark Corp. (NYSE:KMB) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,137 shares of the company’s stock after buying an additional 391 shares during the period. Kimberly-Clark Corp. comprises approximately 1.5% of Crossvault Capital Management LLC’s portfolio, making the stock its 27th largest position. Crossvault Capital Management LLC’s holdings in Kimberly-Clark Corp. were worth $2,081,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of KMB. Thomas White International Ltd. increased its stake in shares of Kimberly-Clark Corp. by 69.0% in the first quarter. Thomas White International Ltd. now owns 5,974 shares of the company’s stock valued at $804,000 after buying an additional 2,439 shares in the last quarter. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Kimberly-Clark Corp. during the first quarter valued at $1,070,000. Aperio Group LLC increased its stake in shares of Kimberly-Clark Corp. by 2.4% in the first quarter. Aperio Group LLC now owns 221,385 shares of the company’s stock valued at $29,779,000 after buying an additional 5,205 shares in the last quarter. Telemus Capital LLC bought a new stake in shares of Kimberly-Clark Corp. during the first quarter valued at $1,845,000. Finally, Sanders Morris Harris Inc. bought a new stake in shares of Kimberly-Clark Corp. during the first quarter valued at $1,087,000. Institutional investors own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 1.39% during trading on Tuesday, reaching $123.03. 1,701,873 shares of the company’s stock traded hands. The company has a 50 day moving average of $126.04 and a 200-day moving average of $130.27. Kimberly-Clark Corp. has a 1-year low of $111.24 and a 1-year high of $138.87. The company has a market capitalization of $44.25 billion, a price-to-earnings ratio of 22.81 and a beta of 0.42.
Kimberly-Clark Corp. (NYSE:KMB) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.05. The business earned $4.60 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 EPS. Equities analysts predict that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, September 7th. Kimberly-Clark Corp.’s payout ratio is 68.40%.
Several analysts have recently weighed in on KMB shares. Zacks Investment Research downgraded shares of Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a $156.00 price objective (up previously from $152.00) on shares of Kimberly-Clark Corp. in a research report on Friday, July 15th. Deutsche Bank AG restated a “hold” rating and set a $132.00 price objective (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research report on Sunday, July 24th. Citigroup Inc. boosted their price objective on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $124.00 target price on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $136.63.
In related news, SVP Lizanne C. Gottung sold 12,407 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $129.93, for a total value of $1,612,041.51. Following the transaction, the senior vice president now directly owns 18,000 shares of the company’s stock, valued at approximately $2,338,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Thomas J. Falk sold 206,445 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly owns 125,574 shares in the company, valued at $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate 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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corp. (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corp. and related companies with MarketBeat.com's FREE daily email newsletter.