Kimberly-Clark Corporation (KMB) Stake Maintained by Edmp Inc.
Edmp Inc. held its position in shares of Kimberly-Clark Corporation (NYSE:KMB) during the third quarter, Holdings Channel reports. The institutional investor owned 3,502 shares of the company’s stock at the end of the third quarter. Edmp Inc.’s holdings in Kimberly-Clark Corporation were worth $442,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Hanson & Doremus Investment Management increased its stake in Kimberly-Clark Corporation 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. Cypress Capital Management LLC WY acquired a new stake in Kimberly-Clark Corporation during the second quarter valued at approximately $181,000. Cornerstone Advisors Inc. increased its stake in Kimberly-Clark Corporation 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. Overbrook Management Corp acquired a new stake in Kimberly-Clark Corporation during the second quarter valued at approximately $201,000. Finally, First National Bank Sioux Falls increased its stake in Kimberly-Clark Corporation by 5.4% in the second quarter. First National Bank Sioux Falls now owns 1,473 shares of the company’s stock valued at $203,000 after buying an additional 75 shares during the period. 67.74% of the stock is currently owned by institutional investors.
Kimberly-Clark Corporation (NYSE:KMB) traded up 0.11% on Friday, hitting $114.59. 1,032,371 shares of the company traded hands. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $138.87. The firm’s 50 day moving average price is $114.91 and its 200 day moving average price is $122.52. The firm has a market capitalization of $41.04 billion, a PE ratio of 20.84 and a beta of 0.60.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Monday, October 24th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by $0.02. The firm earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Kimberly-Clark Corporation had a return on equity of 648.51% and a net margin of 10.96%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.51 earnings per share. Equities research analysts predict that Kimberly-Clark Corporation will post $6.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Friday, December 9th were given a $0.92 dividend. The ex-dividend date was Wednesday, December 7th. This represents a $3.68 annualized dividend and a yield of 3.21%. Kimberly-Clark Corporation’s payout ratio is 67.03%.
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Several research firms have commented on KMB. B. Riley reaffirmed a “neutral” rating and set a $128.00 price objective on shares of Kimberly-Clark Corporation in a report on Sunday, October 30th. Deutsche Bank AG dropped their price objective on shares of Kimberly-Clark Corporation from $132.00 to $120.00 and set a “hold” rating on the stock in a report on Tuesday, October 25th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Kimberly-Clark Corporation in a report on Tuesday, November 15th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $145.00 price objective on shares of Kimberly-Clark Corporation in a report on Tuesday, October 25th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of Kimberly-Clark Corporation in a report on Monday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $128.60.
In other Kimberly-Clark Corporation news, SVP Thomas J. Mielke sold 11,946 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the transaction, the senior vice president now directly owns 30,091 shares of the company’s stock, valued at $3,410,513.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Decherd bought 2,000 shares of the company’s stock in a transaction on Thursday, October 27th. The stock was purchased at an average cost of $113.59 per share, for a total transaction of $227,180.00. Following the completion of the transaction, the director now directly owns 41,944 shares of the company’s stock, valued at approximately $4,764,418.96. The disclosure for this purchase can be found here. 0.58% of the stock is owned by company insiders.
About Kimberly-Clark Corporation
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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