Lowe Brockenbrough & Co. Inc. Has $5.47 Million Position in Kimberly-Clark Corporation (KMB)
Lowe Brockenbrough & Co. Inc. cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 41,585 shares of the company’s stock after selling 24 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Kimberly-Clark Corporation were worth $5,474,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tortoise Investment Management LLC increased its position 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 valued at $100,000 after buying an additional 34 shares during the period. Acrospire Investment Management LLC increased its position 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 valued at $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. increased its position 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 valued at $118,000 after buying an additional 250 shares during the period. Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the first quarter valued at $118,000. Finally, Sterling Investment Advisors Ltd. increased its position in shares of Kimberly-Clark Corporation by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after buying an additional 400 shares during the period. Institutional investors own 70.15% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded up 0.66% during mid-day trading on Monday, reaching $121.44. 164,975 shares of the company were exchanged. The company has a market capitalization of $42.91 billion, a price-to-earnings ratio of 20.28 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 firm’s 50-day moving average is $125.09 and its 200-day moving average is $128.50.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.49. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 EPS. On average, equities analysts forecast that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.22%. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
WARNING: This piece was originally reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/lowe-brockenbrough-co-inc-has-5-47-million-position-in-kimberly-clark-corporation-kmb/1487205.html.
Several research analysts have weighed in on KMB shares. TheStreet upgraded Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a report on Wednesday, April 26th. BidaskClub upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Berenberg Bank started coverage on Kimberly-Clark Corporation in a report on Friday, June 9th. They set a “hold” rating and a $136.00 price objective for the company. Finally, Jefferies Group LLC restated a “hold” rating and set a $133.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, May 31st. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Kimberly-Clark Corporation currently has an average rating of “Hold” and a consensus price target of $133.07.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the transaction, the senior vice president now 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 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.