Smithfield Trust Co. lowered its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 7,409 shares of the company’s stock after selling 292 shares during the period. Smithfield Trust Co.’s holdings in Kimberly-Clark Corp. were worth $1,018,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. James Investment Research Inc. raised 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 valued at $114,000 after buying an additional 29 shares in the last quarter. Hanson & Doremus Investment Management raised 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 valued at $157,000 after buying an additional 10 shares in the last quarter. RPg Family Wealth Advisory LLC raised 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 valued at $163,000 after buying an additional 210 shares in the last quarter. Cribstone Capital Management LLC acquired a new stake in shares of Kimberly-Clark Corp. during the second quarter valued at approximately $169,000. Finally, Cypress Capital Management LLC WY acquired a new stake in shares of Kimberly-Clark Corp. during the second quarter valued at approximately $181,000. Hedge funds and other institutional investors own 68.31% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) traded up 0.30% during trading on Monday, hitting $120.86. The company’s stock had a trading volume of 655,307 shares. Kimberly-Clark Corp. has a one year low of $116.50 and a one year high of $138.87. The firm has a market cap of $43.47 billion, a PE ratio of 22.41 and a beta of 0.42. The company has a 50-day moving average of $124.72 and a 200 day moving average of $129.66.
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 Zacks’ 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 earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the company earned $1.41 earnings per share. Kimberly-Clark Corp.’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts forecast that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Wednesday, September 7th. Kimberly-Clark Corp.’s payout ratio is 68.40%.
KMB has been the subject of several analyst reports. Zacks Investment Research upgraded Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a report on Tuesday, June 28th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $154.00 price objective on shares of Kimberly-Clark Corp. in a report on Monday, September 12th. Deutsche Bank AG reiterated 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. B. Riley restated a “neutral” rating and issued a $124.00 target price on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Finally, Citigroup Inc. raised their target price on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $135.22.
In related news, insider Anthony J. Palmer sold 3,080 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 5,995 shares in the company, valued at approximately $779,350. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Thomas J. Falk sold 206,445 shares of the company’s 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 transaction, the chairman now owns 125,574 shares of the company’s stock, valued at $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by 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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