Probity Advisors Inc. Has $318,000 Position in Kimberly-Clark Corporation (KMB)
Probity Advisors Inc. reduced its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,466 shares of the company’s stock after selling 45 shares during the quarter. Probity Advisors Inc.’s holdings in Kimberly-Clark Corporation were worth $318,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc lifted its stake in shares of Kimberly-Clark Corporation by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after purchasing an additional 68,776 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Kimberly-Clark Corporation by 55.7% during the 1st quarter. Royce & Associates LP now owns 31,300 shares of the company’s stock worth $4,120,000 after purchasing an additional 11,200 shares during the last quarter. Oarsman Capital Inc. lifted its stake in shares of Kimberly-Clark Corporation by 3.0% during the 1st quarter. Oarsman Capital Inc. now owns 12,219 shares of the company’s stock worth $1,608,000 after purchasing an additional 361 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in shares of Kimberly-Clark Corporation by 1.4% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,892 shares of the company’s stock worth $502,000 after purchasing an additional 52 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Kimberly-Clark Corporation by 20.5% during the 1st quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock worth $218,180,000 after purchasing an additional 282,300 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.
A number of brokerages recently weighed in on KMB. Macquarie began coverage on Kimberly-Clark Corporation in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 price objective for the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $119.00 target price on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $131.00 target price (down from $132.00) on shares of Kimberly-Clark Corporation in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $132.07.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $122.21 per share, with a total value of $183,315.00. Following the acquisition, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by insiders.
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Kimberly-Clark Corporation (NYSE:KMB) opened at 120.16 on Thursday. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The stock has a 50 day moving average price of $121.49 and a 200-day moving average price of $127.61. The firm has a market capitalization of $42.45 billion, a price-to-earnings ratio of 20.06 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Zacks’ 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%. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 EPS. On average, analysts predict 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. Shareholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
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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