Kimberly-Clark Corp. (KMB) Stake Boosted by Concert Wealth Management Inc.
Concert Wealth Management Inc. boosted its position in Kimberly-Clark Corp. (NYSE:KMB) by 27.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,928 shares of the company’s stock after buying an additional 3,875 shares during the period. Concert Wealth Management Inc.’s holdings in Kimberly-Clark Corp. were worth $2,460,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. James Investment Research Inc. increased its stake 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 valued at $114,000 after buying an additional 29 shares in the last quarter. RPg Family Wealth Advisory LLC increased its stake 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 valued at $163,000 after buying an additional 210 shares in the last quarter. Cribstone Capital Management LLC bought a new stake in shares of Kimberly-Clark Corp. during the second quarter valued at $169,000. Cypress Capital Management LLC WY bought a new stake in shares of Kimberly-Clark Corp. during the second quarter valued at $181,000. Finally, Cornerstone Advisors Inc. increased its stake 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 valued at $185,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 68.37% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) traded up 0.67% during midday trading on Wednesday, reaching $122.20. The company had a trading volume of 663,801 shares. The firm’s 50 day moving average is $125.34 and its 200 day moving average is $129.88. The stock has a market capitalization of $43.95 billion, a PE ratio of 22.66 and a beta of 0.42. Kimberly-Clark Corp. has a 1-year low of $114.36 and a 1-year high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last issued its earnings results on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, topping 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 analyst estimates of $4.56 billion. During the same period in the prior year, the business posted $1.41 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The business 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. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $3.68 annualized dividend and a yield of 3.03%. Kimberly-Clark Corp.’s payout ratio is currently 68.40%.
Several equities research analysts have weighed in on KMB shares. Zacks Investment Research downgraded Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a $156.00 price target (up from $152.00) on shares of Kimberly-Clark Corp. in a research report on Friday, July 15th. Deutsche Bank AG reaffirmed a “hold” rating and set a $132.00 price target (up from $130.00) on shares of Kimberly-Clark Corp. in a research report on Sunday, July 24th. Citigroup Inc. increased their price target on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, Atlantic Securities started coverage on Kimberly-Clark Corp. in a research report on Monday. They set an “underweight” rating and a $124.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average 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 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 $16,751,571.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas J. Mielke sold 11,946 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the transaction, the senior vice president now owns 33,557 shares in the company, valued at $4,274,155.09. 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.