Kimberly-Clark Corp. (KMB) Shares Bought by Northpointe Capital LLC
Northpointe Capital LLC raised its stake in Kimberly-Clark Corp. (NYSE:KMB) by 1,332.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,821 shares of the company’s stock after buying an additional 10,996 shares during the period. Northpointe Capital LLC’s holdings in Kimberly-Clark Corp. were worth $1,625,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. 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 valued at $760,000 after buying an additional 804 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Kimberly-Clark Corp. during the second quarter valued at about $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 valued at $2,081,000 after buying an additional 391 shares in the last quarter. 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 valued at $725,000 after buying an additional 925 shares in the last quarter. Finally, First National Trust Co. increased its stake in Kimberly-Clark Corp. by 20.3% in the second quarter. First National Trust Co. now owns 16,505 shares of the company’s stock valued at $2,270,000 after buying an additional 2,782 shares in the last quarter. Institutional investors own 68.37% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) traded down 0.18% during mid-day trading on Friday, reaching $123.01. 1,397,899 shares of the company traded hands. The company has a market capitalization of $44.24 billion, a P/E ratio of 22.81 and a beta of 0.42. Kimberly-Clark Corp. has a 52-week low of $113.77 and a 52-week high of $138.87. The stock has a 50 day moving average price of $125.77 and a 200-day moving average price of $130.16.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.05. The business earned $4.60 billion during the quarter, compared to analyst estimates 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 revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. Analysts expect that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The firm 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. This represents a $3.68 annualized dividend and a yield of 2.99%. The ex-dividend date was Wednesday, September 7th. Kimberly-Clark Corp.’s payout ratio is presently 68.40%.
Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $154.00 price objective on shares of Kimberly-Clark Corp. in a research note on Monday, September 12th. B. Riley reiterated a “neutral” rating and set a $124.00 price objective 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 research note on Wednesday, July 27th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $132.00 target price (up from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Kimberly-Clark Corp. currently has a consensus rating of “Hold” and a consensus target price of $136.63.
In related news, 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 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 legal filing with the SEC, which is available through this hyperlink. Also, insider Anthony J. Palmer sold 3,080 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, 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. 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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