12,554 Shares in Kimberly-Clark Corporation (KMB) Acquired by Twin Tree Management LP
Twin Tree Management LP purchased a new position in Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,554 shares of the company’s stock, valued at approximately $1,652,000.
Several other institutional investors have also recently bought and sold shares of KMB. Tortoise Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares in the last quarter. Armbruster Capital Management Inc. raised its position in shares of Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares in the last quarter. Heritage Trust Co bought a new position in shares of Kimberly-Clark Corporation during the first quarter worth $118,000. Finally, Clean Yield Group bought a new position in shares of Kimberly-Clark Corporation during the first quarter worth $145,000. Institutional investors and hedge funds own 70.08% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded down 0.06% during midday trading on Friday, hitting $123.21. 1,073,568 shares of the stock traded hands. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The company’s 50 day moving average price is $122.58 and its 200-day moving average price is $128.53. The stock has a market cap of $43.53 billion, a price-to-earnings ratio of 20.57 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the consensus estimate of $1.49. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS. On average, equities research analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.15%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
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A number of equities analysts recently weighed in on the stock. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. UBS AG lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $134.00 to $120.00 in a research report on Wednesday, July 12th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Citigroup Inc. set a $134.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research report on Friday, July 7th. Finally, Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $133.07.
In other news, Director Robert W. Decherd purchased 1,500 shares of the stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the transaction, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation 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’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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