FineMark National Bank & Trust lessened its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,041 shares of the company’s stock after selling 297 shares during the quarter. FineMark National Bank & Trust’s holdings in Kimberly-Clark Corporation were worth $2,071,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in KMB. Tortoise Investment Management LLC grew its stake in Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after acquiring an additional 34 shares in the last quarter. Acrospire Investment Management LLC grew its stake in Kimberly-Clark Corporation by 125.0% during the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after acquiring an additional 500 shares in the last quarter. Armbruster Capital Management Inc. grew its stake in Kimberly-Clark Corporation by 38.5% during the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after acquiring an additional 250 shares in the last quarter. Heritage Trust Co purchased a new position in Kimberly-Clark Corporation during the 1st quarter valued at about $118,000. Finally, V Wealth Management LLC purchased a new position in Kimberly-Clark Corporation during the 2nd quarter valued at about $123,000. 70.10% of the stock is currently owned by institutional investors.
In related news, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the purchase, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.
Shares of Kimberly-Clark Corporation (KMB) opened at 118.13 on Monday. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm has a market capitalization of $41.74 billion, a price-to-earnings ratio of 19.72 and a beta of 0.78. The company has a 50-day moving average price of $122.07 and a 200 day moving average price of $128.35.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.49. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. Kimberly-Clark Corporation’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $1.53 earnings per share. Equities research analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.28%. Kimberly-Clark Corporation’s dividend payout ratio is 64.88%.
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KMB has been the topic of several research analyst reports. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $122.00 target price (down previously from $133.00) on shares of Kimberly-Clark Corporation in a research note on Thursday, July 6th. Berenberg Bank initiated coverage on Kimberly-Clark Corporation in a research note on Friday, June 9th. They set a “hold” rating and a $136.00 target price on the stock. Finally, Citigroup Inc. set a $132.00 target price on Kimberly-Clark Corporation and gave the company a “hold” rating in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $132.86.
Kimberly-Clark Corporation Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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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