Signaturefd LLC Boosts Position in Kimberly-Clark Corporation (KMB)
Signaturefd LLC increased its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 8.5% during the first quarter, Holdings Channel reports. The firm owned 2,448 shares of the company’s stock after buying an additional 192 shares during the period. Signaturefd LLC’s holdings in Kimberly-Clark Corporation were worth $322,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Tortoise Investment Management LLC boosted 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 period. Acrospire Investment Management LLC boosted 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 period. Armbruster Capital Management Inc. boosted 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 period. Heritage Trust Co bought a new stake in shares of Kimberly-Clark Corporation during the first quarter worth $118,000. Finally, Clean Yield Group bought a new stake in shares of Kimberly-Clark Corporation during the first quarter worth $145,000. 70.62% of the stock is owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (KMB) traded up 0.10% during mid-day trading on Friday, hitting $121.19. 230,450 shares of the stock traded hands. The stock has a 50 day moving average price of $125.40 and a 200 day moving average price of $128.48. The firm has a market cap of $42.82 billion, a PE ratio of 20.24 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.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting 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 business 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 firm earned $1.53 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect 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 will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.
A number of brokerages recently weighed in on KMB. B. Riley reissued a “neutral” rating and issued a $128.00 price target on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. Jefferies Group LLC initiated coverage on shares of Kimberly-Clark Corporation in a report on Tuesday, April 18th. They issued a “hold” rating and a $134.00 target price for the company. Finally, Citigroup Inc. set a $132.00 target price on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. The company currently 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 Kimberly-Clark Corporation stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the transaction, the insider now directly owns 4,910 shares of the company’s stock, valued at $638,349.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Decherd bought 1,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.
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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