Tdam USA Inc. Trims Stake in Kimberly-Clark Corporation (KMB)
Tdam USA Inc. cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,329 shares of the company’s stock after selling 4,540 shares during the quarter. Tdam USA Inc.’s holdings in Kimberly-Clark Corporation were worth $14,491,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted 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 stake in shares of Kimberly-Clark Corporation in the first quarter worth $118,000. Acrospire Investment Management LLC boosted 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. boosted 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, V Wealth Management LLC acquired a new stake in shares of Kimberly-Clark Corporation in the second quarter worth $123,000. 70.10% of the stock is owned by institutional investors and hedge funds.
In other news, Director Robert W. Decherd bought 1,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, with a total value of $183,315.00. Following the acquisition, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
Kimberly-Clark Corporation (NYSE:KMB) opened at 115.39 on Friday. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The company has a market capitalization of $40.77 billion, a price-to-earnings ratio of 19.27 and a beta of 0.76. The firm’s 50-day moving average price is $119.89 and its 200 day moving average price is $126.19.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the firm posted $1.53 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts expect that Kimberly-Clark Corporation will post $6.21 EPS 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 issued a $0.97 dividend. The ex-dividend date was Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.36%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
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Several brokerages have recently commented on KMB. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. UBS AG cut Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $134.00 to $120.00 in a research report on Wednesday, July 12th. BidaskClub cut Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the stock a “sell” rating in a research report on Friday, July 7th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $130.93.
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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