Kimberly-Clark Corporation (KMB) Holdings Lifted by WealthTrust Axiom LLC
WealthTrust Axiom LLC boosted its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,107 shares of the company’s stock after buying an additional 1 shares during the quarter. WealthTrust Axiom LLC’s holdings in Kimberly-Clark Corporation were worth $659,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc boosted its stake in Kimberly-Clark Corporation by 3.7% during the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after buying an additional 68,776 shares during the period. Royce & Associates LP lifted its position in shares of Kimberly-Clark Corporation by 55.7% during the first quarter. Royce & Associates LP now owns 31,300 shares of the company’s stock worth $4,120,000 after purchasing an additional 11,200 shares during the last quarter. Oarsman Capital Inc. lifted its position in shares of Kimberly-Clark Corporation by 3.0% during the first quarter. Oarsman Capital Inc. now owns 12,219 shares of the company’s stock worth $1,608,000 after purchasing an additional 361 shares during the last quarter. Investment Centers of America Inc. lifted its position in shares of Kimberly-Clark Corporation by 5.1% during the first quarter. Investment Centers of America Inc. now owns 55,053 shares of the company’s stock worth $7,244,000 after purchasing an additional 2,671 shares during the last quarter. Finally, First Financial Equity Corporation bought a new stake in shares of Kimberly-Clark Corporation during the first quarter worth $681,000. 70.10% of the stock is owned by institutional investors.
In related news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction on Thursday, August 3rd. The shares were bought 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 115.39 on Friday. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The company has a market capitalization of $40.77 billion, a P/E ratio of 19.27 and a beta of 0.76. The company has a 50 day moving average price of $119.89 and a 200 day moving average price of $126.19.
Kimberly-Clark Corporation (NYSE:KMB) last announced its 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 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 business posted $1.53 EPS. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 8th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
KMB has been the subject of several research analyst reports. Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. Macquarie initiated coverage on Kimberly-Clark Corporation in a research report on Friday, September 15th. They set a “neutral” rating and a $121.00 target price for the company. BidaskClub downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “hold” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Friday, September 8th. Finally, UBS AG reiterated a “neutral” rating and set a $119.00 target price (down from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $130.93.
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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