Kimberly-Clark Corporation (NYSE:KMB) Position Maintained by Kidder Stephen W
Kidder Stephen W maintained its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, Holdings Channel reports. The fund owned 1,825 shares of the company’s stock at the end of the first quarter. Kidder Stephen W’s holdings in Kimberly-Clark Corporation were worth $240,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Tortoise Investment Management LLC increased its stake in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of 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 buying an additional 500 shares during the last quarter. Armbruster Capital Management Inc. increased its stake in shares of Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares during the last quarter. Heritage Trust Co bought a new stake in shares of Kimberly-Clark Corporation during the first quarter worth approximately $118,000. Finally, Clean Yield Group bought a new stake in shares of Kimberly-Clark Corporation during the first quarter worth approximately $145,000. Hedge funds and other institutional investors own 70.62% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded up 0.10% during trading on Friday, hitting $121.19. The company’s stock had a trading volume of 230,450 shares. The stock has a market cap of $42.82 billion, a PE ratio of 20.24 and a beta of 0.76. The company has a 50-day moving average price of $125.40 and a 200-day moving average price of $128.48. 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 posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the previous year, the business earned $1.53 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a $0.97 dividend. 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 3.20%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
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KMB has been the topic of a number of recent research reports. TheStreet upgraded Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. 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 target price on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Berenberg Bank initiated coverage on Kimberly-Clark Corporation in a report on Friday, June 9th. They issued a “hold” rating and a $136.00 price target for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $133.00 price target on shares of Kimberly-Clark Corporation in a report on Wednesday, May 31st. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $133.14.
In other news, insider Sergio Cruz sold 7,078 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the sale, the insider now owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas J. Mielke sold 20,108 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total value of $2,576,035.88. Following the sale, the senior vice president now directly owns 23,543 shares in the company, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.
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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