Rice Hall James & Associates LLC Maintains Stake in Kimberly-Clark Corp. (KMB)
Rice Hall James & Associates LLC maintained its position in shares of Kimberly-Clark Corp. (NYSE:KMB) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,877 shares of the company’s stock at the end of the second quarter. Rice Hall James & Associates LLC’s holdings in Kimberly-Clark Corp. were worth $1,220,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. James Investment Research Inc. raised its position in Kimberly-Clark Corp. by 3.6% in the second quarter. James Investment Research Inc. now owns 829 shares of the company’s stock valued at $114,000 after buying an additional 29 shares during the period. RPg Family Wealth Advisory LLC raised its position in 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 valued at $163,000 after buying an additional 210 shares during the period. Cribstone Capital Management LLC bought a new position in Kimberly-Clark Corp. during the second quarter valued at about $169,000. Cornerstone Advisors Inc. raised its position in Kimberly-Clark Corp. by 288.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,347 shares of the company’s stock valued at $185,000 after buying an additional 1,000 shares during the period. Finally, Grassi Investment Management bought a new position in Kimberly-Clark Corp. during the second quarter valued at about $201,000. Hedge funds and other institutional investors own 68.37% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) traded down 0.69% during midday trading on Monday, hitting $122.16. The company had a trading volume of 1,036,092 shares. The company has a market cap of $43.93 billion, a price-to-earnings ratio of 22.65 and a beta of 0.42. The firm has a 50-day moving average price of $125.64 and a 200-day moving average price of $130.08. Kimberly-Clark Corp. has a 12 month low of $114.36 and a 12 month high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings results on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ 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 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 business earned $1.41 EPS. Kimberly-Clark Corp.’s revenue was down 1.2% on a year-over-year basis. Equities analysts anticipate that Kimberly-Clark Corp. will post $6.08 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $3.68 annualized dividend and a yield of 3.01%. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is 68.40%.
Several equities analysts have issued reports on the company. Atlantic Securities assumed coverage on Kimberly-Clark Corp. in a research note on Monday. They issued an “underweight” rating and a $124.00 target price on the stock. Zacks Investment Research lowered 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 issued a $154.00 target price on shares of Kimberly-Clark Corp. in a research note on Monday, September 12th. B. Riley reiterated a “neutral” rating and issued a $124.00 target price on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Finally, Citigroup Inc. lifted their target price on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Kimberly-Clark Corp. presently has an average rating of “Hold” and a consensus target price of $135.22.
In other Kimberly-Clark Corp. news, Chairman Thomas J. Falk sold 206,445 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 125,574 shares in the company, valued at approximately $16,751,571.60. The sale was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the insider now owns 5,995 shares in the company, valued at approximately $779,350. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
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.
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.