Kimberly Clark Corp (KMB) Shares Sold by Schafer Cullen Capital Management Inc.
Schafer Cullen Capital Management Inc. lowered its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 762,257 shares of the company’s stock after selling 36,805 shares during the period. Schafer Cullen Capital Management Inc. owned about 0.22% of Kimberly Clark worth $98,415,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Heritage Trust Co raised its position in shares of Kimberly Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after buying an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. grew its holdings in Kimberly Clark by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the period. Armbruster Capital Management Inc. grew its holdings in Kimberly Clark by 15.9% in the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after purchasing an additional 143 shares during the period. Mosaic Family Wealth LLC grew its holdings in Kimberly Clark by 0.5% in the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after purchasing an additional 6 shares during the period. Finally, Acrospire Investment Management LLC grew its holdings in Kimberly Clark by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $155,000 after purchasing an additional 300 shares during the period. Institutional investors own 71.61% of the company’s stock.
Shares of Kimberly Clark Corp (NYSE KMB) traded down $1.43 during trading on Friday, hitting $119.76. 1,953,600 shares of the stock traded hands, compared to its average volume of 1,817,584. The firm has a market capitalization of $42,130.00, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 3.18 and a beta of 0.76. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly Clark Corp has a twelve month low of $109.67 and a twelve month high of $136.21.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. Kimberly Clark’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. analysts anticipate that Kimberly Clark Corp will post 6.2 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.24%. Kimberly Clark’s dividend payout ratio is currently 64.03%.
Several equities research analysts have issued reports on KMB shares. Jefferies Group reiterated a “hold” rating and set a $119.00 price objective on shares of Kimberly Clark in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Citigroup reaffirmed a “neutral” rating and issued a $131.00 price target (down from $132.00) on shares of Kimberly Clark in a report on Friday, August 11th. Macquarie began coverage on shares of Kimberly Clark in a report on Friday, September 15th. They set a “neutral” rating and a $121.00 target price on the stock. Finally, Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $127.14.
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About Kimberly Clark
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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