Investment Centers of America Inc. lifted its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 5.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,053 shares of the company’s stock after buying an additional 2,671 shares during the period. Investment Centers of America Inc.’s holdings in Kimberly-Clark Corporation were worth $7,244,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Tortoise Investment Management LLC raised its holdings in shares of Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares in the last quarter. Heritage Trust Co acquired a new position in Kimberly-Clark Corporation in the 1st quarter worth about $118,000. Acrospire Investment Management LLC increased its holdings in Kimberly-Clark Corporation by 125.0% in the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 500 shares in the last quarter. Armbruster Capital Management Inc. increased its holdings in Kimberly-Clark Corporation by 38.5% in the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 250 shares in the last quarter. Finally, Clean Yield Group acquired a new position in Kimberly-Clark Corporation in the 1st quarter worth about $145,000. 70.10% of the stock is owned by institutional investors.
A number of research firms have commented on KMB. BidaskClub upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $133.00 price target on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. Berenberg Bank began coverage on Kimberly-Clark Corporation in a research report on Friday, June 9th. They issued a “hold” rating and a $136.00 price target on the stock. Finally, Zacks Investment Research lowered Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus price target of $132.07.
In other news, Director Robert W. Decherd acquired 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price 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 in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.56% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded up 0.22% during mid-day trading on Friday, hitting $121.10. The stock had a trading volume of 2,548,470 shares. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The firm has a market cap of $42.78 billion, a PE ratio of 20.22 and a beta of 0.78. The stock’s 50-day moving average price is $121.55 and its 200-day moving average price is $127.86.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate 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 was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 earnings per share. On average, analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be given a $0.97 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.20%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.
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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