Oppenheimer & Co. Inc. Has $3.19 Million Position in Kimberly-Clark Corporation (NYSE:KMB)
Oppenheimer & Co. Inc. cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 2.1% during the first quarter, Holdings Channel reports. The institutional investor owned 24,220 shares of the company’s stock after selling 519 shares during the period. Oppenheimer & Co. Inc.’s holdings in Kimberly-Clark Corporation were worth $3,188,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC boosted its position in 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 period. Heritage Trust Co bought a new position in Kimberly-Clark Corporation during the first quarter worth approximately $118,000. Acrospire Investment Management LLC boosted 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 buying an additional 500 shares during the period. Armbruster Capital Management Inc. boosted its position in 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 period. Finally, Clean Yield Group bought a new position in Kimberly-Clark Corporation during the first quarter worth approximately $145,000. 70.62% of the stock is owned by institutional investors and hedge funds.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 0.36% during midday trading on Friday, hitting $120.64. 1,074,056 shares of the stock were exchanged. The firm has a market capitalization of $42.62 billion, a price-to-earnings ratio of 20.14 and a beta of 0.76. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The stock’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 posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the consensus estimate of $1.49. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.53 EPS. On average, analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.22%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
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KMB has been the subject of a number of research analyst reports. B. Riley reaffirmed a “neutral” rating and set a $128.00 price objective on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. TheStreet raised shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research report on Wednesday, April 26th. Jefferies Group LLC initiated coverage on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 18th. They set a “hold” rating and a $134.00 price objective for the company. Finally, Vetr cut 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 report on Tuesday, April 18th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. Kimberly-Clark Corporation has an average rating of “Hold” and a consensus price target of $133.07.
In other news, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the purchase, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sergio Cruz sold 7,078 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total value of $920,210.78. Following the transaction, the insider now owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate 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.
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