Principal Financial Group Inc. boosted its stake in Kimberly-Clark Corp. (NYSE:KMB) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 506,546 shares of the company’s stock after buying an additional 10,080 shares during the period. Principal Financial Group Inc. owned 0.14% of Kimberly-Clark Corp. worth $69,640,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMB. James Investment Research Inc. increased its position in Kimberly-Clark Corp. by 3.6% in the second quarter. James Investment Research Inc. now owns 829 shares of the company’s stock valued at $114,000 after buying an additional 29 shares during the last quarter. Tortoise Investment Management LLC increased its position in Kimberly-Clark Corp. by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 842 shares of the company’s stock valued at $116,000 after buying an additional 42 shares during the last quarter. Hanson & Doremus Investment Management increased its position in 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 during the last quarter. RPg Family Wealth Advisory LLC increased its position in 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 valued at $163,000 after buying an additional 210 shares during the last quarter. Finally, Cribstone Capital Management LLC bought a new position in Kimberly-Clark Corp. during the second quarter valued at about $169,000. Hedge funds and other institutional investors own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 0.21% during mid-day trading on Tuesday, hitting $125.77. 163,064 shares of the stock traded hands. The company’s 50 day moving average is $126.75 and its 200 day moving average is $130.69. The firm has a market capitalization of $45.23 billion, a P/E ratio of 23.32 and a beta of 0.35. Kimberly-Clark Corp. has a one year low of $106.66 and a one year high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.05. The firm earned $4.60 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 earnings per share. On average, equities analysts expect that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders 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 yield of 2.93%. The ex-dividend date of this dividend is Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio is currently 68.40%.
Several research analysts have recently issued reports on the stock. B. Riley restated a “neutral” rating and set a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Tuesday, July 26th. Zacks Investment Research downgraded shares of Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 1st. 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 report on Wednesday, July 27th. Goldman Sachs Group Inc. restated a “buy” rating and set a $154.00 price objective on shares of Kimberly-Clark Corp. in a report on Monday, September 12th. Finally, 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 report on Sunday, July 24th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $136.63.
In other Kimberly-Clark Corp. news, insider Anthony J. Palmer sold 3,080 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $130.00, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Thomas J. Falk sold 206,445 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the completion of the sale, the chairman now owns 125,574 shares of the company’s stock, valued at approximately $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.
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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