Sii Investments Inc. WI Has $1.99 Million Stake in Kimberly-Clark Corporation (KMB)
Sii Investments Inc. WI lowered its stake in Kimberly-Clark Corporation (NYSE:KMB) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,127 shares of the company’s stock after selling 1,293 shares during the period. Sii Investments Inc. WI’s holdings in Kimberly-Clark Corporation were worth $1,988,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of KMB. Tortoise Investment Management LLC raised 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 valued at $100,000 after buying an additional 34 shares during the last quarter. Acrospire Investment Management LLC raised 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 valued at $118,000 after buying an additional 500 shares during the last quarter. Armbruster Capital Management Inc. raised 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 valued at $118,000 after buying an additional 250 shares during the last quarter. Heritage Trust Co bought a new position in Kimberly-Clark Corporation during the first quarter valued at about $118,000. Finally, Clean Yield Group bought a new position in Kimberly-Clark Corporation during the first quarter valued at about $145,000. Institutional investors own 70.62% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded up 0.10% during trading on Friday, hitting $121.19. The company had a trading volume of 230,450 shares. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The stock has a 50-day moving average of $125.40 and a 200 day moving average of $128.48. The stock has a market capitalization of $42.82 billion, a price-to-earnings ratio of 20.24 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.49. The business 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 revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. On average, analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.20%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
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Several equities analysts have recently issued reports on the company. B. Riley restated a “neutral” rating and set a $128.00 target price on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. BidaskClub upgraded 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 target price on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. Jefferies Group LLC assumed coverage on Kimberly-Clark Corporation in a research report on Tuesday, April 18th. They set a “hold” rating and a $134.00 target price for the company. Finally, Citigroup Inc. set a $132.00 target price on Kimberly-Clark Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $133.14.
In other Kimberly-Clark Corporation news, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total value of $2,576,035.88. Following the completion of the sale, the senior vice president now owns 23,543 shares of the company’s stock, valued at $3,016,093.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sergio Cruz sold 7,078 shares of the firm’s 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 completion of the sale, the insider now directly owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The disclosure for this sale can be found here. 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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