Ipswich Investment Management Co. Inc. Buys Shares of 2,163 Kimberly-Clark Corporation (KMB)
Ipswich Investment Management Co. Inc. bought a new position in Kimberly-Clark Corporation (NYSE:KMB) during the second quarter, Holdings Channel reports. The firm bought 2,163 shares of the company’s stock, valued at approximately $279,000.
Other institutional investors have also recently modified their holdings of the company. Tortoise Investment Management LLC raised its position in 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 during the last quarter. Acrospire Investment Management LLC raised its position in 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 during the last quarter. Armbruster Capital Management Inc. raised its position in 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 during the last quarter. Heritage Trust Co bought a new position in Kimberly-Clark Corporation during the first quarter worth $118,000. Finally, V Wealth Management LLC bought a new position in Kimberly-Clark Corporation during the second quarter worth $123,000. Institutional investors own 70.15% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) traded up 0.6494% during midday trading on Tuesday, reaching $122.4803. The company had a trading volume of 439,086 shares. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The firm’s 50 day moving average is $124.79 and its 200 day moving average is $128.60. The stock has a market capitalization of $43.27 billion, a PE ratio of 20.4509 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period last year, the company posted $1.53 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.19%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
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A number of equities analysts have weighed in on KMB shares. B. Riley reiterated a “neutral” rating and set a $128.00 price objective on shares of Kimberly-Clark Corporation in a research note on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. TheStreet upgraded Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. Jefferies Group LLC initiated coverage on Kimberly-Clark Corporation in a research note on Tuesday, April 18th. They issued a “hold” rating and a $134.00 price target for the company. Finally, Vetr lowered Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a research note on Tuesday, April 18th. 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. The stock presently has a consensus rating of “Hold” and an average target price of $133.07.
In related news, Director Robert W. Decherd bought 1,500 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $122.21 per share, with a total value of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sergio Cruz sold 7,078 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the completion of the transaction, the insider now directly owns 4,910 shares of the company’s stock, valued at $638,349.10. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
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’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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