Kimberly-Clark Corporation (KMB) Position Lowered by Cypress Capital Group
Cypress Capital Group decreased its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 17.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,920 shares of the company’s stock after selling 3,672 shares during the period. Cypress Capital Group’s holdings in Kimberly-Clark Corporation were worth $2,359,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of KMB. Alpha Windward LLC raised its stake in Kimberly-Clark Corporation by 0.4% in the first quarter. Alpha Windward LLC now owns 2,371 shares of the company’s stock worth $312,000 after buying an additional 10 shares during the period. ELM Advisors LLC raised its stake in Kimberly-Clark Corporation by 11.4% in the first quarter. ELM Advisors LLC now owns 3,429 shares of the company’s stock worth $451,000 after buying an additional 350 shares during the period. TNB Financial acquired a new stake in Kimberly-Clark Corporation during the first quarter worth $1,227,000. Marathon Asset Management LLP acquired a new stake in Kimberly-Clark Corporation during the first quarter worth $10,372,000. Finally, Regentatlantic Capital LLC raised its stake in Kimberly-Clark Corporation by 3.8% in the first quarter. Regentatlantic Capital LLC now owns 3,825 shares of the company’s stock worth $503,000 after buying an additional 141 shares during the period. 70.62% of the stock is owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (KMB) traded down 0.36% during trading on Friday, hitting $120.64. 1,074,056 shares of the stock traded hands. The company has a market cap of $42.62 billion, a P/E ratio of 20.14 and a beta of 0.76. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The company’s 50 day moving average price is $125.09 and its 200 day moving average price is $128.50.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting 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 business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter last year, the company earned $1.53 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
KMB has been the subject of a number of research reports. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th. Vetr lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price objective for the company. in a research note on Tuesday, April 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Finally, Zacks Investment Research lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. Kimberly-Clark Corporation currently has a consensus rating of “Hold” and an average target price of $133.07.
In other news, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the sale, the senior vice president now owns 23,543 shares of the company’s stock, valued at approximately $3,016,093.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Decherd bought 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.
About Kimberly-Clark Corporation
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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.