Traverso Chambers Private Wealth Management LLC boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,200 shares of the company’s stock after acquiring an additional 270 shares during the period. Traverso Chambers Private Wealth Management LLC’s holdings in Kimberly-Clark were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bogart Wealth LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at about $27,000. Certified Advisory Corp acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth about $29,000. SRS Capital Advisors Inc. acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $36,000. Meridian Wealth Partners LLC boosted its stake in shares of Kimberly-Clark by 67.9% during the 1st quarter. Meridian Wealth Partners LLC now owns 314 shares of the company’s stock worth $43,000 after purchasing an additional 127 shares during the last quarter. Finally, Rockbridge Investment Management LCC boosted its stake in shares of Kimberly-Clark by 45.3% during the 2nd quarter. Rockbridge Investment Management LCC now owns 481 shares of the company’s stock worth $64,000 after purchasing an additional 150 shares during the last quarter. 71.37% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on KMB shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $137.00 to $139.00 and gave the stock a “hold” rating in a research note on Friday, July 9th. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 price target on the stock in a research note on Monday, June 28th. HSBC assumed coverage on shares of Kimberly-Clark in a research note on Thursday, September 9th. They set a “hold” rating and a $131.00 price target on the stock. UBS Group assumed coverage on shares of Kimberly-Clark in a report on Wednesday, June 23rd. They set a “neutral” rating and a $135.00 price objective on the stock. Finally, Jefferies Financial Group increased their price objective on shares of Kimberly-Clark from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $141.67.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Thursday, July 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.24). The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.77 billion. Kimberly-Clark had a net margin of 10.53% and a return on equity of 308.07%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.20 EPS. On average, equities analysts forecast that Kimberly-Clark Co. will post 6.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 4th. Stockholders of record on Friday, September 10th will be paid a dividend of $1.14 per share. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.40%. Kimberly-Clark’s dividend payout ratio is currently 58.91%.
In other news, insider Aaron Powell sold 29,534 shares of the firm’s stock in a transaction that occurred on Tuesday, August 17th. The shares were sold at an average price of $139.51, for a total transaction of $4,120,288.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kimberly K. Underhill sold 19,018 shares of the firm’s stock in a transaction that occurred on Monday, July 26th. The stock was sold at an average price of $135.84, for a total transaction of $2,583,405.12. Following the sale, the insider now directly owns 62,042 shares of the company’s stock, valued at approximately $8,427,785.28. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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