Other hedge funds and other institutional investors have also modified their holdings of the company. Timber Creek Capital Management LLC increased its position in Kimberly-Clark Corporation by 175.8% in the third quarter. Timber Creek Capital Management LLC now owns 1,103 shares of the company’s stock worth $139,000 after buying an additional 703 shares in the last quarter. Hanson & Doremus Investment Management increased its position in Kimberly-Clark Corporation 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 in the last quarter. Cypress Capital Management LLC WY bought a new stake in shares of Kimberly-Clark Corporation during the second quarter worth $181,000. Sequoia Financial Advisors LLC bought a new stake in shares of Kimberly-Clark Corporation during the second quarter worth $210,000. Finally, Beese Fulmer Investment Management Inc. boosted its stake in shares of Kimberly-Clark Corporation by 7.8% in the second quarter. Beese Fulmer Investment Management Inc. now owns 1,569 shares of the company’s stock worth $216,000 after buying an additional 113 shares during the last quarter. 69.16% of the stock is owned by hedge funds and other institutional investors.
Mastrapasqua Asset Management Inc. cut its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,628 shares of the company’s stock after selling 65 shares during the period. Mastrapasqua Asset Management Inc.’s holdings in Kimberly-Clark Corporation were worth $584,000 at the end of the most recent reporting period.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded up 0.53% during trading on Thursday, hitting $123.58. The stock had a trading volume of 2,440,280 shares. The stock has a market capitalization of $44.07 billion, a price-to-earnings ratio of 20.63 and a beta of 0.65. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $138.87. The stock’s 50 day moving average is $117.80 and its 200 day moving average is $120.55.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 24th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.03. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 614.22% and a net margin of 11.90%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 earnings per share. On average, equities research analysts expect that Kimberly-Clark Corporation will post $6.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 10th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.14%. This is an increase from Kimberly-Clark Corporation’s previous quarterly dividend of $0.92. The ex-dividend date is Wednesday, March 8th. Kimberly-Clark Corporation’s payout ratio is presently 61.54%.
A number of brokerages have recently weighed in on KMB. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Friday, January 27th. TheStreet cut Kimberly-Clark Corporation from a “b” rating to a “c+” rating in a research report on Tuesday, January 24th. Barclays PLC reiterated a “hold” rating and set a $111.00 price target on shares of Kimberly-Clark Corporation in a research report on Thursday, January 26th. B. Riley reiterated a “neutral” rating and set a $128.00 price target on shares of Kimberly-Clark Corporation in a research report on Wednesday, January 25th. Finally, Citigroup Inc increased their price target on Kimberly-Clark Corporation to $126.00 in a research report on Wednesday, January 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $127.50.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the transaction, the senior vice president now directly owns 30,091 shares of the company’s stock, valued at approximately $3,410,513.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kimberly K. Underhill sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $120.95, for a total value of $483,800.00. Following the completion of the transaction, the insider now directly owns 17,912 shares in the company, valued at $2,166,456.40. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.
About Kimberly-Clark Corporation
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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