CHURCHILL MANAGEMENT Corp Buys 100,108 Shares of Kimberly-Clark Corporation (KMB)

CHURCHILL MANAGEMENT Corp lifted its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 221.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,321 shares of the company’s stock after acquiring an additional 100,108 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Kimberly-Clark Corporation were worth $18,762,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Bank of The West increased its position in shares of Kimberly-Clark Corporation by 4.0% during the second quarter. Bank of The West now owns 4,651 shares of the company’s stock worth $600,000 after acquiring an additional 179 shares during the period. NN Investment Partners Holdings N.V. increased its position in shares of Kimberly-Clark Corporation by 2,838.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 71,016 shares of the company’s stock worth $9,169,000 after acquiring an additional 68,599 shares during the period. Pennsylvania Trust Co increased its position in shares of Kimberly-Clark Corporation by 36.2% during the second quarter. Pennsylvania Trust Co now owns 46,314 shares of the company’s stock worth $5,980,000 after acquiring an additional 12,309 shares during the period. Hays Advisory LLC increased its position in shares of Kimberly-Clark Corporation by 4.9% during the second quarter. Hays Advisory LLC now owns 2,203 shares of the company’s stock worth $284,000 after acquiring an additional 103 shares during the period. Finally, First Financial Bank Trust Division increased its position in shares of Kimberly-Clark Corporation by 15.3% during the second quarter. First Financial Bank Trust Division now owns 7,551 shares of the company’s stock worth $974,000 after acquiring an additional 1,002 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Corporation (KMB) traded down 0.41% during trading on Friday, reaching $117.63. The company had a trading volume of 448,674 shares. The company has a market capitalization of $41.56 billion, a PE ratio of 19.64 and a beta of 0.78. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The stock has a 50 day moving average price of $121.49 and a 200-day moving average price of $127.61.

Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The firm’s revenue was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.

TRADEMARK VIOLATION WARNING: “CHURCHILL MANAGEMENT Corp Buys 100,108 Shares of Kimberly-Clark Corporation (KMB)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/09/22/churchill-management-corp-buys-100108-shares-of-kimberly-clark-corporation-kmb.html.

A number of analysts have recently weighed in on the company. Macquarie assumed coverage on Kimberly-Clark Corporation in a research report on Friday, September 15th. They set a “neutral” rating and a $121.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $119.00 price objective on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $131.00 price objective (down previously from $132.00) on shares of Kimberly-Clark Corporation in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Kimberly-Clark Corporation has a consensus rating of “Hold” and a consensus target price of $132.07.

In related news, Director Robert W. Decherd bought 1,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, with a total value of $183,315.00. Following the transaction, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NYSE:KMB).

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

Receive News & Ratings for Kimberly-Clark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply