Kimberly-Clark Corp. (KMB) Shares Sold by First Interstate Bank
First Interstate Bank lowered its position in Kimberly-Clark Corp. (NYSE:KMB) by 29.5% during the second quarter, Holdings Channel reports. The fund owned 1,388 shares of the company’s stock after selling 580 shares during the period. First Interstate Bank’s holdings in Kimberly-Clark Corp. were worth $191,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its stake in Kimberly-Clark Corp. by 2.4% in the first quarter. Wellington Management Group LLP now owns 1,556,568 shares of the company’s stock worth $209,375,000 after buying an additional 35,970 shares during the period. Arizona State Retirement System increased its stake in Kimberly-Clark Corp. by 1.3% in the first quarter. Arizona State Retirement System now owns 188,528 shares of the company’s stock worth $25,359,000 after buying an additional 2,500 shares during the period. Nuveen Asset Management LLC increased its stake in Kimberly-Clark Corp. by 0.4% in the first quarter. Nuveen Asset Management LLC now owns 33,890 shares of the company’s stock worth $4,559,000 after buying an additional 122 shares during the period. Douglass Winthrop Advisors LLC increased its stake in Kimberly-Clark Corp. by 78.3% in the second quarter. Douglass Winthrop Advisors LLC now owns 16,795 shares of the company’s stock worth $1,831,000 after buying an additional 7,375 shares during the period. Finally, Spirit of America Management Corp NY increased its stake in Kimberly-Clark Corp. by 75.0% in the first quarter. Spirit of America Management Corp NY now owns 7,000 shares of the company’s stock worth $942,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 68.53% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 1.34% on Tuesday, hitting $123.81. The stock had a trading volume of 739,646 shares. The company has a market cap of $44.53 billion, a price-to-earnings ratio of 22.96 and a beta of 0.35. Kimberly-Clark Corp. has a one year low of $106.66 and a one year high of $138.87. The firm’s 50-day moving average is $127.39 and its 200-day moving average is $130.92.
Kimberly-Clark Corp. (NYSE:KMB) last released its quarterly earnings data on Monday, July 25th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.05. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts expect that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be paid a dividend of $0.92 per share. The ex-dividend date is Wednesday, September 7th. This represents a $3.68 dividend on an annualized basis and a yield of 3.01%. Kimberly-Clark Corp.’s dividend payout ratio is presently 68.40%.
A number of equities research analysts recently commented on the company. B. Riley reaffirmed a “neutral” rating and set a $124.00 target price on shares of Kimberly-Clark Corp. in a report on Tuesday, July 26th. Citigroup Inc. lifted their target price on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Zacks Investment Research downgraded Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $154.00 target price on shares of Kimberly-Clark Corp. in a report on Monday, September 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $132.00 target price (up previously from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $136.63.
In related news, SVP Thomas J. Mielke sold 11,946 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the transaction, the senior vice president now owns 33,557 shares in the company, valued at approximately $4,274,155.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony J. Palmer sold 3,080 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the insider now owns 5,995 shares in the company, valued at approximately $779,350. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
About Kimberly-Clark Corp.
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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