First National Trust Co. cut its stake in Kimberly-Clark Corporation (NYSE:KMB) by 23.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 14,171 shares of the company’s stock after selling 4,288 shares during the period. First National Trust Co.’s holdings in Kimberly-Clark Corporation were worth $1,865,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advantage Investment Management LLC purchased a new stake in shares of Kimberly-Clark Corporation during the fourth quarter valued at $169,000. GSB Wealth Management LLC purchased a new stake in shares of Kimberly-Clark Corporation during the fourth quarter valued at $284,000. Hanlon Investment Management Inc. purchased a new stake in shares of Kimberly-Clark Corporation during the fourth quarter valued at $2,791,000. Willis Investment Counsel raised its stake in shares of Kimberly-Clark Corporation by 30.4% in the fourth quarter. Willis Investment Counsel now owns 110,600 shares of the company’s stock valued at $12,622,000 after buying an additional 25,800 shares during the period. Finally, Miles Capital Inc. raised its stake in shares of Kimberly-Clark Corporation by 7.5% in the fourth quarter. Miles Capital Inc. now owns 7,349 shares of the company’s stock valued at $839,000 after buying an additional 512 shares during the period. 70.15% of the stock is owned by institutional investors.
Kimberly-Clark Corporation (NYSE:KMB) traded down 0.73% on Friday, reaching $121.39. The company had a trading volume of 1,085,911 shares. The firm has a 50 day moving average price of $123.72 and a 200-day moving average price of $128.52. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The stock has a market capitalization of $42.89 billion, a price-to-earnings ratio of 20.27 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. Analysts forecast that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 annualized dividend and a yield of 3.20%. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
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Several brokerages have recently weighed in on KMB. Citigroup Inc. restated a “neutral” rating and issued a $131.00 price objective (down previously from $132.00) on shares of Kimberly-Clark Corporation in a report on Friday, August 11th. BidaskClub lowered Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. UBS AG reaffirmed a “neutral” rating and set a $119.00 target price (down from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $133.07.
In other Kimberly-Clark Corporation news, insider Sergio Cruz sold 7,078 shares of Kimberly-Clark Corporation stock in a transaction dated Wednesday, May 31st. The stock was 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 in the company, valued at $638,349.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the acquisition, 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. Insiders own 0.56% of the company’s stock.
About Kimberly-Clark Corporation
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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