Fayez Sarofim & Co. raised its stake in Kimberly-Clark Corp. (NYSE:KMB) by 52.9% during the second quarter, Holdings Channel reports. The fund owned 3,470 shares of the company’s stock after buying an additional 1,200 shares during the period. Fayez Sarofim & Co.’s holdings in Kimberly-Clark Corp. were worth $477,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in KMB. James Investment Research Inc. boosted its stake in shares of Kimberly-Clark Corp. by 3.6% in the second quarter. James Investment Research Inc. now owns 829 shares of the company’s stock worth $114,000 after buying an additional 29 shares during the period. Tortoise Investment Management LLC boosted its stake in shares of Kimberly-Clark Corp. by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 842 shares of the company’s stock worth $116,000 after buying an additional 42 shares during the period. Hanson & Doremus Investment Management boosted its stake 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 worth $157,000 after buying an additional 10 shares during the period. RPg Family Wealth Advisory LLC boosted its stake in shares of Kimberly-Clark Corp. by 21.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,210 shares of the company’s stock worth $163,000 after buying an additional 210 shares during the period. Finally, Cribstone Capital Management LLC bought a new stake in shares of Kimberly-Clark Corp. during the second quarter worth approximately $169,000. Institutional investors own 68.37% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) opened at 125.98 on Thursday. The company has a 50 day moving average price of $126.54 and a 200 day moving average price of $130.60. Kimberly-Clark Corp. has a 12 month low of $107.79 and a 12 month high of $138.87. The stock has a market capitalization of $45.31 billion, a price-to-earnings ratio of 23.36 and a beta of 0.35.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the company posted $1.41 EPS. Kimberly-Clark Corp.’s revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio is currently 68.40%.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a report on Tuesday, June 28th. Goldman Sachs Group Inc. reiterated 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. B. Riley reiterated a “neutral” rating and set a $124.00 target price on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. Citigroup Inc. increased 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, Deutsche Bank AG reiterated 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $136.63.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the transaction, the senior vice president now directly owns 33,557 shares in the company, valued at approximately $4,274,155.09. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Lizanne C. Gottung sold 6,204 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $132.17, for a total transaction of $819,982.68. Following the transaction, the senior vice president now owns 11,797 shares in the company, valued at $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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