AE Wealth Management LLC Acquires 2,147 Shares of Kimberly-Clark Corporation (KMB)
AE Wealth Management LLC raised its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 17.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,229 shares of the company’s stock after buying an additional 2,147 shares during the period. AE Wealth Management LLC’s holdings in Kimberly-Clark Corporation were worth $1,873,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tortoise Investment Management LLC raised its position in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares in the last quarter. Acrospire Investment Management LLC raised its position in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares in the last quarter. Armbruster Capital Management Inc. raised its position in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares in the last quarter. Heritage Trust Co acquired a new position in Kimberly-Clark Corporation during the first quarter worth approximately $118,000. Finally, Clean Yield Group acquired a new position in Kimberly-Clark Corporation during the first quarter worth approximately $145,000. Institutional investors own 70.62% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 121.42 on Tuesday. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The company’s 50-day moving average is $127.36 and its 200-day moving average is $128.48. The stock has a market cap of $42.90 billion, a P/E ratio of 20.27 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. Kimberly-Clark Corporation’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $1.53 EPS. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 annualized dividend and a yield of 3.20%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
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A number of research firms have commented on KMB. B. Riley restated a “neutral” rating and issued a $128.00 price objective on shares of Kimberly-Clark Corporation in a research note on Sunday, April 23rd. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a report on Monday, June 19th. Jefferies Group LLC assumed coverage on shares of Kimberly-Clark Corporation in a report on Tuesday, April 18th. They issued a “hold” rating and a $134.00 target price on the stock. Finally, Citigroup Inc. set a $132.00 target price on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. Kimberly-Clark Corporation has an average rating of “Hold” and an average target price of $133.14.
In related news, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sergio Cruz sold 7,078 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now directly owns 4,910 shares in the company, valued at approximately $638,349.10. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.
Kimberly-Clark Corporation 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’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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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