Wrapmanager Inc. Has $1.04 Million Position in Kimberly-Clark Corporation (KMB)
Wrapmanager Inc. reduced its position in Kimberly-Clark Corporation (NYSE:KMB) by 17.9% during the first quarter, Holdings Channel reports. The fund owned 7,909 shares of the company’s stock after selling 1,722 shares during the period. Wrapmanager Inc.’s holdings in Kimberly-Clark Corporation were worth $1,041,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in KMB. Hapanowicz & Associates Financial Services Inc bought a new stake in Kimberly-Clark Corporation during the first quarter worth about $212,000. Nwam LLC increased its stake in Kimberly-Clark Corporation by 9.2% in the first quarter. Nwam LLC now owns 2,133 shares of the company’s stock worth $281,000 after buying an additional 180 shares during the last quarter. LSV Asset Management increased its stake in Kimberly-Clark Corporation by 216.7% in the first quarter. LSV Asset Management now owns 1,900 shares of the company’s stock worth $250,000 after buying an additional 1,300 shares during the last quarter. Eqis Capital Management Inc. increased its stake in Kimberly-Clark Corporation by 7.9% in the first quarter. Eqis Capital Management Inc. now owns 4,741 shares of the company’s stock worth $624,000 after buying an additional 348 shares during the last quarter. Finally, Welch Group LLC increased its stake in Kimberly-Clark Corporation by 4.7% in the first quarter. Welch Group LLC now owns 118,783 shares of the company’s stock worth $15,635,000 after buying an additional 5,383 shares during the last quarter. Institutional investors own 70.06% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) opened at 130.21 on Friday. The stock’s 50 day moving average is $128.78 and its 200-day moving average is $125.64. The company has a market cap of $46.22 billion, a P/E ratio of 21.49 and a beta of 0.79. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $138.87.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Monday, April 24th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly-Clark Corporation had a net margin of 11.99% and a return on equity of 602.48%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. Analysts predict that Kimberly-Clark Corporation will post $6.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, June 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.13%.
A number of research firms have issued reports on KMB. Berenberg Bank began coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They issued a “hold” rating and a $136.00 target price for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $133.00 target price on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. TheStreet upgraded shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 25th. Finally, B. Riley reiterated a “neutral” rating and issued a $128.00 target price on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. Kimberly-Clark Corporation currently has a consensus rating of “Hold” and an average price target of $133.69.
In other Kimberly-Clark Corporation news, SVP Sandra Macquillan sold 5,081 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $129.82, for a total transaction of $659,615.42. Following the sale, the senior vice president now directly owns 5,364 shares of the company’s stock, valued at $696,354.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the sale, the senior vice president now directly owns 23,543 shares in the company, valued at $3,016,093.73. The disclosure for this sale can be found here. Insiders have sold 32,267 shares of company stock worth $4,155,862 over the last ninety days. Insiders own 0.56% of the company’s stock.
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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