Kimberly-Clark Corp. (KMB) Shares Sold by Starfire Investment Advisers Inc.
Starfire Investment Advisers Inc. decreased its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,675 shares of the company’s stock after selling 74 shares during the period. Starfire Investment Advisers Inc.’s holdings in Kimberly-Clark Corp. were worth $368,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in KMB. Geode Capital Management LLC boosted its position in shares of Kimberly-Clark Corp. by 1.0% in the first quarter. Geode Capital Management LLC now owns 2,859,320 shares of the company’s stock valued at $383,809,000 after buying an additional 28,004 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Kimberly-Clark Corp. by 14.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,930,162 shares of the company’s stock worth $259,626,000 after buying an additional 250,743 shares during the period. Legal & General Group Plc boosted its stake in shares of Kimberly-Clark Corp. by 2.2% in the first quarter. Legal & General Group Plc now owns 1,810,646 shares of the company’s stock worth $243,560,000 after buying an additional 38,660 shares during the period. Wellington Management Group LLP boosted its stake in shares of Kimberly-Clark Corp. by 2.4% in the first quarter. Wellington Management Group LLP now owns 1,556,568 shares of the company’s stock worth $209,375,000 after buying an additional 35,970 shares during the period. Finally, American Century Companies Inc. acquired a new stake in shares of Kimberly-Clark Corp. during the second quarter worth $112,177,000. Institutional investors own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.95% on Tuesday, reaching $121.00. 1,018,125 shares of the company were exchanged. The firm’s 50 day moving average price is $125.51 and its 200 day moving average price is $129.94. The stock has a market capitalization of $43.52 billion, a price-to-earnings ratio of 22.44 and a beta of 0.42. Kimberly-Clark Corp. has a 52 week low of $114.36 and a 52 week high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $4.60 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter last year, the business posted $1.41 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Corp. will post $6.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is 68.40%.
A number of brokerages have weighed in on KMB. B. Riley restated a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a report on Tuesday, June 28th. Citigroup Inc. upped 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. Atlantic Securities began coverage on shares of Kimberly-Clark Corp. in a report on Monday. They issued an “underweight” rating and a $124.00 price objective on the stock. Finally, Goldman Sachs Group Inc. restated a “conviction-buy” rating and issued a $156.00 price objective (up previously from $152.00) on shares of Kimberly-Clark Corp. in a report on Friday, July 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Kimberly-Clark Corp. has a consensus rating of “Hold” and an average price target of $135.22.
In other Kimberly-Clark Corp. news, SVP Lizanne C. Gottung sold 6,204 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $132.17, for a total transaction of $819,982.68. Following the transaction, the senior vice president now owns 11,797 shares of the company’s stock, valued at approximately $1,559,209.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owns 125,574 shares in the company, valued at approximately $16,751,571.60. 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.
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