Compass Capital Management Inc. Has $301,000 Position in Kimberly-Clark Corp. (KMB)
Compass Capital Management Inc. held its stake in Kimberly-Clark Corp. (NYSE:KMB) during the second quarter, Holdings Channel reports. The fund owned 2,189 shares of the company’s stock at the end of the second quarter. Compass Capital Management Inc.’s holdings in Kimberly-Clark Corp. were worth $301,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Stratford Consulting LLC increased its position in shares of Kimberly-Clark Corp. by 0.7% in the second quarter. Stratford Consulting LLC now owns 2,905 shares of the company’s stock worth $399,000 after buying an additional 20 shares during the period. Northpointe Capital LLC increased its position in shares of Kimberly-Clark Corp. by 1,332.8% in the second quarter. Northpointe Capital LLC now owns 11,821 shares of the company’s stock worth $1,625,000 after buying an additional 10,996 shares during the period. Advisory Services Network LLC increased its position in shares of Kimberly-Clark Corp. by 17.0% in the second quarter. Advisory Services Network LLC now owns 5,527 shares of the company’s stock worth $760,000 after buying an additional 804 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Kimberly-Clark Corp. during the second quarter worth approximately $238,000. Finally, Crossvault Capital Management LLC increased its position in shares of Kimberly-Clark Corp. by 2.7% in the second quarter. Crossvault Capital Management LLC now owns 15,137 shares of the company’s stock worth $2,081,000 after buying an additional 391 shares during the period. 68.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 0.49% during trading on Thursday, hitting $123.23. The stock had a trading volume of 1,521,523 shares. The stock has a market cap of $44.32 billion, a P/E ratio of 22.85 and a beta of 0.42. Kimberly-Clark Corp. has a one year low of $112.00 and a one year high of $138.87. The stock’s 50 day moving average price is $125.89 and its 200-day moving average price is $130.21.
Kimberly-Clark Corp. (NYSE:KMB) last posted 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. The firm earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $1.41 EPS. Analysts expect that Kimberly-Clark Corp. will post $6.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 9th were given a dividend of $0.92 per share. The ex-dividend date was Wednesday, September 7th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.99%. Kimberly-Clark Corp.’s payout ratio is currently 68.40%.
KMB has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $154.00 price objective on shares of Kimberly-Clark Corp. in a research note on Monday, September 12th. Deutsche Bank AG reissued a “hold” rating and issued a $132.00 price objective (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. B. Riley reissued a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Finally, Citigroup Inc. boosted their price objective on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $136.63.
In other Kimberly-Clark Corp. news, SVP Lizanne C. Gottung sold 6,204 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $132.17, for a total value of $819,982.68. Following the completion of the transaction, the senior vice president now owns 11,797 shares of the company’s stock, valued at approximately $1,559,209.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Thomas J. Falk sold 206,445 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the completion of the transaction, the chairman now directly owns 125,574 shares of the company’s stock, valued at approximately $16,751,571.60. 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.
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 Corp. (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corp. and related companies with MarketBeat.com's FREE daily email newsletter.