Eads & Heald Investment Counsel Has $252,000 Stake in Kimberly-Clark Corp. (KMB)
Eads & Heald Investment Counsel lowered its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) by 3.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,835 shares of the company’s stock after selling 70 shares during the period. Eads & Heald Investment Counsel’s holdings in Kimberly-Clark Corp. were worth $252,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. James Investment Research Inc. boosted 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. Hanson & Doremus Investment Management boosted its stake in Kimberly-Clark Corp. by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock valued at $157,000 after buying an additional 10 shares during the period. RPg Family Wealth Advisory LLC boosted its stake 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 acquired a new stake in Kimberly-Clark Corp. during the second quarter valued at $169,000. Finally, Cypress Capital Management LLC WY acquired a new stake in Kimberly-Clark Corp. during the second quarter valued at $181,000. Institutional investors own 68.31% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) traded down 0.10% on Wednesday, reaching $120.42. The company had a trading volume of 1,407,104 shares. Kimberly-Clark Corp. has a 52 week low of $116.97 and a 52 week high of $138.87. The stock’s 50-day moving average is $124.27 and its 200-day moving average is $129.37. The company has a market capitalization of $43.31 billion, a P/E ratio of 22.33 and a beta of 0.42.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data 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 analysts’ expectations of $4.56 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th were paid a dividend of $0.92 per share. The ex-dividend date was Wednesday, September 7th. This represents a $3.68 annualized dividend and a yield of 3.05%. Kimberly-Clark Corp.’s payout ratio is currently 68.40%.
Several research firms have weighed in on KMB. B. Riley reiterated a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. Zacks Investment Research cut Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Citigroup Inc. increased their price objective on 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 Kimberly-Clark Corp. in a report on Monday, October 10th. They issued an “underweight” rating and a $124.00 price objective for the company. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $154.00 price objective on shares of Kimberly-Clark Corp. in a report on Monday, September 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Kimberly-Clark Corp. presently has a consensus rating of “Hold” and a consensus target price of $135.22.
In other Kimberly-Clark Corp. news, insider Anthony J. Palmer sold 3,080 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the insider now directly owns 5,995 shares of the company’s stock, valued at $779,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Thomas J. Falk sold 206,445 shares of the business’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 value 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 disclosure for this sale can be found here. Company 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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