Ariel Capital Advisors LLC increased its position in Kimberly-Clark Corp. (NYSE:KMB) by 21.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,277 shares of the company’s stock after buying an additional 925 shares during the period. Ariel Capital Advisors LLC’s holdings in Kimberly-Clark Corp. were worth $725,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of KMB. Thomas White International Ltd. boosted its position 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. acquired a new position in shares of Kimberly-Clark Corp. during the first quarter valued at $1,070,000. Aperio Group LLC boosted its position 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 acquired a new position in shares of Kimberly-Clark Corp. during the first quarter valued at $1,845,000. Finally, Sanders Morris Harris Inc. acquired a new position in shares of Kimberly-Clark Corp. during the first quarter valued at $1,087,000. 68.37% of the stock is owned by institutional investors and hedge funds.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 1.39% during mid-day trading on Tuesday, reaching $123.03. 1,701,873 shares of the company’s stock traded hands. The company has a market cap of $44.25 billion, a P/E ratio of 22.81 and a beta of 0.42. Kimberly-Clark Corp. has a 12-month low of $111.24 and a 12-month high of $138.87. The company’s 50 day moving average is $126.04 and its 200 day moving average is $130.27.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.05. The business earned $4.60 billion during 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 quarter in the previous year, the firm earned $1.41 EPS. On average, analysts predict that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be given a dividend of $0.92 per share. The ex-dividend date is Wednesday, September 7th. This represents a $3.68 annualized dividend and a dividend yield of 2.99%. Kimberly-Clark Corp.’s dividend payout ratio is presently 68.40%.
KMB has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $154.00 price target on shares of Kimberly-Clark Corp. in a research note on Monday, September 12th. Deutsche Bank AG reiterated a “hold” rating and set a $132.00 price target (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. B. Riley restated a “neutral” rating and set a $124.00 target price on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Finally, Citigroup Inc. lifted their target price 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. One 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 has a consensus rating of “Hold” and a consensus target price of $136.63.
In other news, insider Anthony J. Palmer sold 3,080 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the insider now owns 5,995 shares in the company, valued at approximately $779,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lizanne C. Gottung sold 6,204 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $132.17, for a total transaction of $819,982.68. Following the sale, the senior vice president now owns 11,797 shares of the company’s stock, valued at approximately $1,559,209.49. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
About Kimberly-Clark Corp.
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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