3,741 Shares in Kimberly-Clark Corporation (KMB) Acquired by Brighton Jones LLC
Brighton Jones LLC purchased a new position in Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, Holdings Channel reports. The institutional investor purchased 3,741 shares of the company’s stock, valued at approximately $492,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in Kimberly-Clark Corporation by 20.5% in the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock worth $218,180,000 after buying an additional 282,300 shares during the period. Decatur Capital Management Inc. purchased a new position in Kimberly-Clark Corporation during the first quarter worth $7,454,000. Delta Asset Management LLC TN increased its position in Kimberly-Clark Corporation by 2.4% in the first quarter. Delta Asset Management LLC TN now owns 3,020 shares of the company’s stock worth $397,000 after buying an additional 70 shares during the period. Davis R M Inc. increased its position in Kimberly-Clark Corporation by 3.5% in the first quarter. Davis R M Inc. now owns 31,653 shares of the company’s stock worth $4,166,000 after buying an additional 1,067 shares during the period. Finally, Sequent Asset Management LLC purchased a new position in Kimberly-Clark Corporation during the first quarter worth $237,000. 70.15% of the stock is owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (KMB) traded up 0.71% on Monday, reaching $121.50. The company’s stock had a trading volume of 164,715 shares. The firm has a 50 day moving average of $125.09 and a 200 day moving average of $128.50. The firm has a market cap of $42.93 billion, a price-to-earnings ratio of 20.29 and a beta of 0.76. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the prior year, the firm earned $1.53 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share 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 of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.22%. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
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A number of equities analysts have weighed in on KMB shares. B. Riley reaffirmed a “neutral” rating and set a $128.00 price target on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. BidaskClub downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC assumed coverage on Kimberly-Clark Corporation in a report on Tuesday, April 18th. They issued a “hold” rating and a $134.00 price objective for the company. TheStreet raised Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a report on Wednesday, April 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Tuesday, April 25th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. Kimberly-Clark Corporation currently has a consensus rating of “Hold” and a consensus price target of $133.07.
In other news, Director Robert W. Decherd purchased 1,500 shares of the company’s 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 directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total value of $2,576,035.88. Following the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.
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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