InterOcean Capital LLC cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 35.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,543 shares of the company’s stock after selling 838 shares during the period. InterOcean Capital LLC’s holdings in Kimberly-Clark Corporation were worth $203,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Comerica Securities Inc. raised its stake in shares of Kimberly-Clark Corporation by 86.8% in the first quarter. Comerica Securities Inc. now owns 10,560 shares of the company’s stock valued at $1,390,000 after buying an additional 4,908 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Kimberly-Clark Corporation by 17.8% in the first quarter. AE Wealth Management LLC now owns 14,229 shares of the company’s stock valued at $1,873,000 after buying an additional 2,147 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Kimberly-Clark Corporation by 0.8% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 90,879 shares of the company’s stock valued at $11,962,000 after buying an additional 700 shares during the last quarter. Tredje AP fonden raised its stake in shares of Kimberly-Clark Corporation by 14.5% in the first quarter. Tredje AP fonden now owns 54,857 shares of the company’s stock valued at $7,274,000 after buying an additional 6,933 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY raised its stake in shares of Kimberly-Clark Corporation by 4.9% in the first quarter. Matrix Asset Advisors Inc. NY now owns 52,377 shares of the company’s stock valued at $6,894,000 after buying an additional 2,463 shares during the last quarter. Institutional investors own 70.15% of the company’s stock.
Kimberly-Clark Corporation (NYSE:KMB) opened at 121.39 on Friday. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The company has a 50-day moving average of $123.72 and a 200 day moving average of $128.52. The company has a market cap of $42.89 billion, a P/E ratio of 20.27 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting analysts’ consensus estimates of $1.49. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.53 earnings per share. Equities research analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
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Several equities research analysts have commented on the stock. Citigroup Inc. restated a “neutral” rating and issued a $131.00 price target (down previously from $132.00) on shares of Kimberly-Clark Corporation in a research note on Friday, August 11th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. UBS AG reiterated a “neutral” rating and set a $119.00 price objective (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Four 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. The stock currently has an average rating of “Hold” and an average target price of $133.07.
In related news, insider Sergio Cruz sold 7,078 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now directly owns 4,910 shares of the company’s stock, valued at $638,349.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Decherd purchased 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. Company 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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