Wealth Enhancement Advisory Services LLC boosted its position in Kimberly-Clark Corp. (NYSE:KMB) by 12.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 14,381 shares of the company’s stock after buying an additional 1,582 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Kimberly-Clark Corp. were worth $1,977,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Wrapmanager Inc. boosted its stake in Kimberly-Clark Corp. by 6.8% in the first quarter. Wrapmanager Inc. now owns 9,345 shares of the company’s stock worth $1,257,000 after buying an additional 591 shares during the period. FDO Partners LLC boosted its stake in Kimberly-Clark Corp. by 102.3% in the first quarter. FDO Partners LLC now owns 3,512 shares of the company’s stock worth $472,000 after buying an additional 1,776 shares during the period. BlackRock Japan Co. Ltd boosted its stake in Kimberly-Clark Corp. by 15.7% in the first quarter. BlackRock Japan Co. Ltd now owns 531,406 shares of the company’s stock worth $71,479,000 after buying an additional 72,188 shares during the period. Bristlecone Advisors LLC boosted its stake in Kimberly-Clark Corp. by 27.3% in the first quarter. Bristlecone Advisors LLC now owns 12,435 shares of the company’s stock worth $1,673,000 after buying an additional 2,670 shares during the period. Finally, Sentry Investment Management LLC boosted its stake in Kimberly-Clark Corp. by 1.0% in the first quarter. Sentry Investment Management LLC now owns 25,682 shares of the company’s stock worth $3,454,000 after buying an additional 260 shares during the period. 68.31% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Corp. (NYSE:KMB) traded up 0.27% during mid-day trading on Monday, reaching $120.82. 578,949 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $124.72 and a 200-day moving average price of $129.66. The stock has a market cap of $43.45 billion, a P/E ratio of 22.40 and a beta of 0.42. Kimberly-Clark Corp. has a 52 week low of $116.50 and a 52 week high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. The company earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $1.41 earnings per share. On average, analysts forecast that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.05%. Kimberly-Clark Corp.’s payout ratio is presently 68.40%.
KMB has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a report on Tuesday, June 28th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and issued a $156.00 target price (up previously from $152.00) on shares of Kimberly-Clark Corp. in a research report on Friday, July 15th. Deutsche Bank AG reiterated a “hold” rating and issued a $132.00 target price (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research report on Sunday, July 24th. B. Riley reiterated a “neutral” rating and issued a $124.00 target price on shares of Kimberly-Clark Corp. in a research report on Tuesday, July 26th. Finally, Citigroup Inc. increased 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 report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Kimberly-Clark Corp. has an average rating of “Hold” and an average price target of $135.22.
In other Kimberly-Clark Corp. news, SVP Thomas J. Mielke sold 11,946 shares of Kimberly-Clark Corp. stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the completion of the transaction, the senior vice president now directly owns 33,557 shares of the company’s stock, valued at $4,274,155.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Thomas J. Falk sold 206,445 shares of Kimberly-Clark Corp. stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total value of $27,539,763.00. Following the transaction, the chairman now directly owns 125,574 shares of the company’s stock, valued at $16,751,571.60. The disclosure for this sale can be found here. Company 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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