Kimberly-Clark Corporation (KMB) Shares Sold by Ingalls & Snyder LLC
Ingalls & Snyder LLC lessened its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 11.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 31,128 shares of the company’s stock after selling 4,198 shares during the period. Ingalls & Snyder LLC’s holdings in Kimberly-Clark Corporation were worth $4,019,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Tortoise Investment Management LLC increased its stake in shares of Kimberly-Clark Corporation by 4.7% in the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the period. Heritage Trust Co acquired a new stake in Kimberly-Clark Corporation in the first quarter worth about $118,000. Acrospire Investment Management LLC increased its position in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 500 shares during the period. Armbruster Capital Management Inc. raised its holdings in Kimberly-Clark Corporation by 38.5% during the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 250 shares during the last quarter. Finally, V Wealth Management LLC bought a new stake in Kimberly-Clark Corporation during the 2nd quarter worth about $123,000. Institutional investors own 70.10% of the company’s stock.
In related news, Director Robert W. Decherd bought 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the purchase, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation (NYSE:KMB) opened at 117.68 on Monday. The company’s 50-day moving average is $121.49 and its 200-day moving average is $127.61. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The company has a market capitalization of $41.58 billion, a price-to-earnings ratio of 19.65 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same period last year, the firm earned $1.53 EPS. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.30%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
Several brokerages have recently issued reports on KMB. BidaskClub raised shares of 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 target on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and issued a $122.00 price objective (down from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Berenberg Bank initiated coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a “hold” rating and a $136.00 target price for the company. Finally, Zacks Investment Research downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $132.07.
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Kimberly-Clark Corporation 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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