Kimberly Clark Corp (KMB) Stake Lifted by Chemical Bank
Chemical Bank raised its position in Kimberly Clark Corp (NYSE:KMB) by 5.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 16,713 shares of the company’s stock after purchasing an additional 800 shares during the period. Chemical Bank’s holdings in Kimberly Clark were worth $1,761,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gables Capital Management Inc. acquired a new position in shares of Kimberly Clark during the 1st quarter valued at $115,000. Centerpoint Advisors LLC lifted its position in shares of Kimberly Clark by 999.0% during the 1st quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock valued at $121,000 after acquiring an additional 999 shares during the period. Lee Financial Co lifted its position in shares of Kimberly Clark by 313.8% during the 1st quarter. Lee Financial Co now owns 1,167 shares of the company’s stock valued at $128,000 after acquiring an additional 885 shares during the period. Stelac Advisory Services LLC acquired a new position in shares of Kimberly Clark during the 1st quarter valued at $152,000. Finally, Shamrock Asset Management LLC lifted its position in shares of Kimberly Clark by 44.1% during the 1st quarter. Shamrock Asset Management LLC now owns 1,598 shares of the company’s stock valued at $167,000 after acquiring an additional 489 shares during the period. Hedge funds and other institutional investors own 74.50% of the company’s stock.
A number of research analysts recently issued reports on KMB shares. ValuEngine downgraded shares of Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Monday, April 23rd. JPMorgan Chase & Co. dropped their target price on shares of Kimberly Clark from $104.00 to $86.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $110.00 target price (down previously from $115.00) on shares of Kimberly Clark in a research report on Tuesday, April 24th. Citigroup set a $94.00 target price on shares of Kimberly Clark and gave the company a “sell” rating in a research report on Tuesday, April 24th. Finally, Royal Bank of Canada reiterated an “in-line” rating on shares of Kimberly Clark in a research report on Tuesday, April 24th. Three analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $107.00.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.60 billion. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. Kimberly Clark’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.49 EPS. analysts forecast that Kimberly Clark Corp will post 6.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.39%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares in the company, valued at approximately $718,355.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aaron Powell sold 1,100 shares of the business’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total transaction of $116,556.00. Following the sale, the insider now owns 1,117 shares of the company’s stock, valued at approximately $118,357.32. The disclosure for this sale can be found here. Insiders have sold a total of 7,875 shares of company stock valued at $907,782 in the last 90 days. 0.64% of the stock is currently owned by company insiders.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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