Kimberly-Clark Corp. (KMB) Position Lowered by Denver Investment Advisors LLC
Denver Investment Advisors LLC decreased its position in shares of Kimberly-Clark Corp. (NYSE:KMB) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,178 shares of the company’s stock after selling 497 shares during the period. Denver Investment Advisors LLC’s holdings in Kimberly-Clark Corp. were worth $4,561,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in KMB. Capital Advisors Inc. OK raised its position in shares of Kimberly-Clark Corp. by 16.1% in the second quarter. Capital Advisors Inc. OK now owns 1,956 shares of the company’s stock worth $269,000 after buying an additional 271 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Kimberly-Clark Corp. by 1.1% in the second quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company’s stock worth $342,000 after buying an additional 27 shares during the period. OLD National Bancorp IN raised its position in shares of Kimberly-Clark Corp. by 6.6% in the second quarter. OLD National Bancorp IN now owns 13,268 shares of the company’s stock worth $1,825,000 after buying an additional 826 shares during the period. Bruderman Asset Management LLC raised its position in shares of Kimberly-Clark Corp. by 97.9% in the second quarter. Bruderman Asset Management LLC now owns 14,225 shares of the company’s stock worth $1,956,000 after buying an additional 7,037 shares during the period. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of Kimberly-Clark Corp. by 27.7% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 2,810 shares of the company’s stock worth $386,000 after buying an additional 610 shares during the period. Hedge funds and other institutional investors own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.07% during mid-day trading on Wednesday, hitting $123.38. The company’s stock had a trading volume of 549,494 shares. The stock has a 50-day moving average of $127.18 and a 200-day moving average of $130.86. The company has a market cap of $44.37 billion, a PE ratio of 22.88 and a beta of 0.35. Kimberly-Clark Corp. has a 12-month low of $106.66 and a 12-month high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. Kimberly-Clark Corp.’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts forecast that Kimberly-Clark Corp. will post $6.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio is presently 68.40%.
A number of research analysts have recently issued reports on the company. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $154.00 target price on shares of Kimberly-Clark Corp. in a research report on Monday, September 12th. B. Riley reiterated a “neutral” rating and set a $124.00 target price on shares of Kimberly-Clark Corp. in a research report on Sunday, July 31st. Zacks Investment Research upgraded Kimberly-Clark Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Citigroup Inc. raised their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $132.00 price objective (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 assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $136.63.
In related news, Chairman Thomas J. Falk sold 206,445 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the transaction, the chairman now owns 125,574 shares of the company’s stock, valued at $16,751,571.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Lizanne C. Gottung sold 6,204 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $132.17, for a total value of $819,982.68. Following the transaction, the senior vice president now directly owns 11,797 shares in the company, valued at approximately $1,559,209.49. 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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