Juncture Wealth Strategies LLC Cuts Stake in Kimberly-Clark Corporation (NYSE:KMB)
Juncture Wealth Strategies LLC cut its position in Kimberly-Clark Corporation (NYSE:KMB) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,700 shares of the company’s stock after selling 400 shares during the period. Juncture Wealth Strategies LLC’s holdings in Kimberly-Clark Corporation were worth $865,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KMB. State Street Corp increased its stake in shares of Kimberly-Clark Corporation by 1.3% in the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after buying an additional 225,993 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kimberly-Clark Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after buying an additional 207,316 shares in the last quarter. FMR LLC increased its stake in shares of Kimberly-Clark Corporation by 23.4% in the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after buying an additional 491,121 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after buying an additional 68,776 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Kimberly-Clark Corporation by 5.9% in the first quarter. American Century Companies Inc. now owns 1,746,205 shares of the company’s stock worth $229,853,000 after buying an additional 97,439 shares in the last quarter. 70.62% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Corporation (NYSE KMB) traded down 0.26% during trading on Thursday, hitting $121.29. 372,196 shares of the company’s stock traded hands. The stock has a market cap of $42.85 billion, a P/E ratio of 20.25 and a beta of 0.76. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm’s 50-day moving average price is $125.71 and its 200 day moving average price is $128.53.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate 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 revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 earnings per share. Analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The business also recently declared 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. This represents a $3.88 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
KMB has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a report on Wednesday, April 12th. Jefferies Group LLC initiated coverage on shares of Kimberly-Clark Corporation in a report on Tuesday, April 18th. They set a “hold” rating and a $134.00 price target for the company. Vetr downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a report on Tuesday, April 18th. B. Riley restated a “neutral” rating and set a $128.00 price target on shares of Kimberly-Clark Corporation in a report on Sunday, April 23rd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Tuesday, April 25th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $133.14.
In related news, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the purchase, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas J. Mielke sold 20,108 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
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’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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