Kimberly-Clark Corporation (KMB) Holdings Trimmed by Wedbush Securities Inc.
Wedbush Securities Inc. lessened its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,785 shares of the company’s stock after selling 157 shares during the quarter. Wedbush Securities Inc.’s holdings in Kimberly-Clark Corporation were worth $747,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of KMB. Waldron LP acquired a new stake in Kimberly-Clark Corporation during the 1st quarter valued at approximately $255,000. APG Asset Management N.V. grew its stake in Kimberly-Clark Corporation by 103.7% during the 1st quarter. APG Asset Management N.V. now owns 1,088,844 shares of the company’s stock valued at $143,325,000 after purchasing an additional 554,200 shares in the last quarter. Welch Group LLC grew its stake in Kimberly-Clark Corporation by 4.7% during the 1st quarter. Welch Group LLC now owns 118,783 shares of the company’s stock valued at $15,635,000 after purchasing an additional 5,383 shares in the last quarter. Eqis Capital Management Inc. grew its stake in Kimberly-Clark Corporation by 7.9% during the 1st quarter. Eqis Capital Management Inc. now owns 4,741 shares of the company’s stock valued at $624,000 after purchasing an additional 348 shares in the last quarter. Finally, LSV Asset Management grew its stake in Kimberly-Clark Corporation by 216.7% during the 1st quarter. LSV Asset Management now owns 1,900 shares of the company’s stock valued at $250,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 70.08% of the company’s stock.
A number of brokerages have weighed in on KMB. BidaskClub upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and set a $122.00 price objective (down previously from $133.00) on shares of Kimberly-Clark Corporation in a research note on Thursday, July 6th. Zacks Investment Research lowered Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Finally, Citigroup Inc. set a $134.00 price objective on Kimberly-Clark Corporation and gave the company a “sell” rating in a research note on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $131.46.
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Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 117.56 on Friday. The company has a market cap of $41.53 billion, a P/E ratio of 19.63 and a beta of 0.76. The company has a 50 day moving average price of $119.28 and a 200 day moving average price of $125.72. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $4.56 billion. During the same period in the prior year, the company posted $1.53 EPS. The company’s revenue was down .7% compared to the same quarter last year. Equities research analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were paid a $0.97 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.30%. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
In related news, Director Robert W. Decherd acquired 1,500 shares of the stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the purchase, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.56% of the company’s stock.
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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