Buckingham Capital Management Inc. increased its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 16,618 shares of the company’s stock after buying an additional 534 shares during the period. Buckingham Capital Management Inc.’s holdings in Kimberly-Clark Corp. were worth $2,285,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of KMB. Ontario Teachers Pension Plan Board acquired a new stake in shares of Kimberly-Clark Corp. during the second quarter valued at about $7,620,000. Menta Capital LLC acquired a new stake in shares of Kimberly-Clark Corp. during the second quarter valued at about $1,328,000. Janus Capital Management LLC raised its stake in shares of Kimberly-Clark Corp. by 73.5% in the second quarter. Janus Capital Management LLC now owns 5,203,212 shares of the company’s stock valued at $715,337,000 after buying an additional 2,204,022 shares in the last quarter. Kings Point Capital Management raised its stake in shares of Kimberly-Clark Corp. by 36.8% in the second quarter. Kings Point Capital Management now owns 26,997 shares of the company’s stock valued at $3,712,000 after buying an additional 7,265 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Kimberly-Clark Corp. by 15.0% in the second quarter. Pacer Advisors Inc. now owns 7,367 shares of the company’s stock valued at $1,013,000 after buying an additional 963 shares in the last quarter. Institutional investors and hedge funds own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) opened at 126.14 on Monday. Kimberly-Clark Corp. has a 12 month low of $109.82 and a 12 month high of $138.87. The company has a market cap of $45.36 billion, a P/E ratio of 23.39 and a beta of 0.42. The firm has a 50-day moving average price of $126.32 and a 200 day moving average price of $130.51.
Kimberly-Clark Corp. (NYSE:KMB) last released its earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The firm earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the business posted $1.41 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Equities analysts predict that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio is currently 68.40%.
KMB has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a $156.00 target price (up previously from $152.00) on shares of Kimberly-Clark Corp. in a report on Friday, July 15th. Deutsche Bank AG reaffirmed a “hold” rating and set a $132.00 target price (up previously from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. Citigroup Inc. lifted their target price on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, B. Riley reiterated a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a research report on Sunday, July 31st. One equities 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 stock. The company presently has a consensus rating of “Hold” and a consensus price target of $136.63.
In related news, insider Anthony J. Palmer sold 3,080 shares of the stock in a transaction dated Thursday, August 4th. The stock was 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 $779,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $127.37, for a total value of $1,521,562.02. Following the sale, the senior vice president now owns 33,557 shares of the company’s stock, valued at approximately $4,274,155.09. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
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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