Stratos Wealth Partners LTD. Raises Position in Kimberly-Clark Corporation (KMB)
Stratos Wealth Partners LTD. raised its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,264 shares of the company’s stock after buying an additional 2,026 shares during the period. Stratos Wealth Partners LTD.’s holdings in Kimberly-Clark Corporation were worth $5,826,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC raised its position 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. Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the first quarter worth about $118,000. Acrospire Investment Management LLC raised its position 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. raised its position 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. Finally, Clean Yield Group acquired a new position in shares of Kimberly-Clark Corporation during the first quarter worth about $145,000. Institutional investors and hedge funds own 70.08% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) traded down 0.30% on Thursday, reaching $121.93. 427,308 shares of the company’s stock traded hands. The firm’s 50-day moving average is $122.99 and its 200 day moving average is $128.55. The firm has a market cap of $43.08 billion, a PE ratio of 20.36 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 posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. 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 business earned $1.53 EPS. Kimberly-Clark Corporation’s revenue was down .7% compared to the same quarter last year. Equities analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors 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 3.17%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
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A number of research analysts recently issued reports on the stock. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. UBS AG lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $134.00 to $120.00 in a report on Wednesday, July 12th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. Finally, Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $133.07.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd acquired 1,500 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is owned by insiders.
Kimberly-Clark Corporation Company 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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