Griffin Asset Management Inc. lowered its position in Kimberly Clark Corp (NYSE:KMB) by 3.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 15,020 shares of the company’s stock after selling 586 shares during the period. Griffin Asset Management Inc.’s holdings in Kimberly Clark were worth $1,582,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in KMB. Victory Capital Management Inc. lifted its stake in Kimberly Clark by 27.4% in the 1st quarter. Victory Capital Management Inc. now owns 136,267 shares of the company’s stock valued at $15,007,000 after purchasing an additional 29,296 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in Kimberly Clark in the 1st quarter valued at about $387,000. Eaton Vance Management lifted its stake in Kimberly Clark by 6.9% in the 1st quarter. Eaton Vance Management now owns 83,872 shares of the company’s stock valued at $9,237,000 after purchasing an additional 5,417 shares during the last quarter. Tiverton Asset Management LLC acquired a new stake in Kimberly Clark in the 1st quarter valued at about $513,000. Finally, AdvisorNet Financial Inc lifted its stake in Kimberly Clark by 28.0% in the 1st quarter. AdvisorNet Financial Inc now owns 6,034 shares of the company’s stock valued at $664,000 after purchasing an additional 1,320 shares during the last quarter. Institutional investors own 73.86% of the company’s stock.
In other news, insider Aaron Powell sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total transaction of $116,556.00. Following the transaction, the insider now directly owns 1,117 shares of the company’s stock, valued at $118,357.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony J. Palmer sold 6,445 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total transaction of $756,256.30. Following the transaction, the insider now directly owns 6,122 shares in the company, valued at $718,355.48. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.
KMB has been the subject of several recent analyst reports. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Bank of America increased their price target on shares of Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 6th. Atlantic Securities began coverage on shares of Kimberly Clark in a report on Thursday, September 20th. They issued an “underweight” rating and a $114.00 price target on the stock. Finally, Morgan Stanley began coverage on shares of Kimberly Clark in a report on Thursday, June 21st. They issued an “underweight” rating and a $94.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $106.43.
Kimberly Clark stock traded up $1.06 during trading hours on Friday, hitting $113.45. The company had a trading volume of 2,222,818 shares, compared to its average volume of 2,347,274. The stock has a market cap of $39.51 billion, a P/E ratio of 18.21, a P/E/G ratio of 2.57 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 32.28. Kimberly Clark Corp has a one year low of $97.10 and a one year high of $123.77.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 24th. The company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period last year, the firm earned $1.49 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts anticipate that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, September 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.53%. Kimberly Clark’s dividend payout ratio is presently 64.21%.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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