Rand Wealth LLC Has $1.10 Million Stake in Kimberly-Clark Corporation (KMB)
Rand Wealth LLC lifted its stake in Kimberly-Clark Corporation (NYSE:KMB) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,497 shares of the company’s stock after buying an additional 631 shares during the period. Rand Wealth LLC’s holdings in Kimberly-Clark Corporation were worth $1,097,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of KMB. Waldron LP purchased a new position in Kimberly-Clark Corporation in the first quarter valued at about $255,000. Brookstone Capital Management boosted its holdings in Kimberly-Clark Corporation by 7.2% in the first quarter. Brookstone Capital Management now owns 44,494 shares of the company’s stock valued at $5,857,000 after purchasing an additional 2,983 shares during the last quarter. Weatherly Asset Management L. P. boosted its holdings in Kimberly-Clark Corporation by 4.4% in the first quarter. Weatherly Asset Management L. P. now owns 24,849 shares of the company’s stock valued at $3,271,000 after purchasing an additional 1,055 shares during the last quarter. Advisor Partners LLC boosted its holdings in Kimberly-Clark Corporation by 3.1% in the first quarter. Advisor Partners LLC now owns 8,312 shares of the company’s stock valued at $1,094,000 after purchasing an additional 253 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its holdings in Kimberly-Clark Corporation by 8.1% in the first quarter. Wright Investors Service Inc. now owns 4,743 shares of the company’s stock valued at $624,000 after purchasing an additional 355 shares during the last quarter. 70.10% of the stock is owned by institutional investors.
A number of research analysts recently commented on KMB shares. Berenberg Bank started 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. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the company a “buy” rating in a report on Monday, June 19th. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $122.00 price target (down previously from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Finally, Citigroup Inc. set a $134.00 price target on Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $130.93.
Shares of Kimberly-Clark Corporation (KMB) opened at 117.19 on Thursday. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The stock’s 50 day moving average price is $120.23 and its 200-day moving average price is $126.38. The firm has a market capitalization of $41.40 billion, a PE ratio of 19.57 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $4.56 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. Kimberly-Clark Corporation’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.
In other news, Director Robert W. Decherd bought 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 completion of the purchase, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company’s stock.
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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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