Stratford Consulting LLC Buys 20 Shares of Kimberly-Clark Corp. (KMB)
Stratford Consulting LLC raised its position in shares of Kimberly-Clark Corp. (NYSE:KMB) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,905 shares of the company’s stock after buying an additional 20 shares during the period. Stratford Consulting LLC’s holdings in Kimberly-Clark Corp. were worth $399,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Northpointe Capital LLC increased its stake in 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 last quarter. Advisory Services Network LLC increased its stake in 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 last quarter. Park Avenue Securities LLC acquired a new stake in Kimberly-Clark Corp. during the second quarter worth approximately $238,000. Crossvault Capital Management LLC increased its stake in 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 last quarter. Finally, Ariel Capital Advisors LLC increased its stake in Kimberly-Clark Corp. by 21.3% in the second quarter. Ariel Capital Advisors LLC now owns 5,277 shares of the company’s stock worth $725,000 after buying an additional 925 shares during the last quarter. Institutional investors own 68.37% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) traded up 0.49% during trading on Thursday, hitting $123.23. 1,521,523 shares of the company were exchanged. The company has a market capitalization of $44.32 billion, a price-to-earnings ratio of 22.85 and a beta of 0.42. Kimberly-Clark Corp. has a 12 month low of $112.00 and a 12 month high of $138.87. The company has a 50-day moving average of $125.89 and a 200-day moving average of $130.21.
Kimberly-Clark Corp. (NYSE:KMB) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The company 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 firm earned $1.41 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corp. will post $6.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is presently 68.40%.
A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Goldman Sachs Group Inc. restated a “buy” rating and set a $154.00 price target on shares of Kimberly-Clark Corp. in a report on Monday, September 12th. B. Riley restated a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. Citigroup Inc. raised their price target on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, Deutsche Bank AG restated a “hold” rating and set a $132.00 price target (up previously from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $136.63.
In other Kimberly-Clark Corp. news, SVP Lizanne C. Gottung sold 6,204 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $132.17, for a total value of $819,982.68. Following the sale, the senior vice president now owns 11,797 shares of the company’s stock, valued at $1,559,209.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony J. Palmer sold 3,080 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the insider now directly owns 5,995 shares in the company, valued at approximately $779,350. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.
Kimberly-Clark Corp. 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 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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