Grandfield & Dodd LLC Has $1,175,000 Position in Kimberly-Clark Corp. (KMB)
Grandfield & Dodd LLC continued to hold its position in shares of Kimberly-Clark Corp. (NYSE:KMB) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,547 shares of the company’s stock at the end of the second quarter. Grandfield & Dodd LLC’s holdings in Kimberly-Clark Corp. were worth $1,175,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. James Investment Research Inc. raised its position in shares of Kimberly-Clark Corp. by 3.6% in the second quarter. James Investment Research Inc. now owns 829 shares of the company’s stock worth $114,000 after buying an additional 29 shares during the period. RPg Family Wealth Advisory LLC raised its position in shares of Kimberly-Clark Corp. by 21.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,210 shares of the company’s stock worth $163,000 after buying an additional 210 shares during the period. Cribstone Capital Management LLC purchased a new position in shares of Kimberly-Clark Corp. during the second quarter worth about $169,000. Cornerstone Advisors Inc. raised its position in shares of Kimberly-Clark Corp. by 288.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,347 shares of the company’s stock worth $185,000 after buying an additional 1,000 shares during the period. Finally, Grassi Investment Management purchased a new position in shares of Kimberly-Clark Corp. during the second quarter worth about $201,000. Institutional investors and hedge funds own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.18% during mid-day trading on Friday, hitting $123.01. 1,397,899 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $125.77 and a 200-day moving average price of $130.16. The stock has a market cap of $44.24 billion, a P/E ratio of 22.81 and a beta of 0.42. Kimberly-Clark Corp. has a 1-year low of $113.77 and a 1-year high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last released 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 net margin of 10.70% and a return on equity of 815.72%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the company earned $1.41 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 9th were issued a $0.92 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 68.40%.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a $156.00 price target (up from $152.00) on shares of Kimberly-Clark Corp. in a research note on Friday, July 15th. B. Riley reiterated a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. 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 report on Wednesday, July 27th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $132.00 price objective (up previously from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $136.63.
In other Kimberly-Clark Corp. news, Chairman Thomas J. Falk sold 206,445 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now owns 125,574 shares of the company’s stock, valued at approximately $16,751,571.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Lizanne C. Gottung sold 12,407 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $129.93, for a total transaction of $1,612,041.51. Following the transaction, the senior vice president now directly owns 18,000 shares in the company, valued at approximately $2,338,740. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.
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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