Keel Point LLC Acquires New Stake in Kimberly-Clark Corporation (KMB)
Keel Point LLC acquired a new stake in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, Holdings Channel reports. The fund acquired 1,740 shares of the company’s stock, valued at approximately $229,000.
Other large investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in Kimberly-Clark Corporation during the first quarter valued at $12,159,000. Logan Capital Management Inc. boosted its stake in Kimberly-Clark Corporation by 0.6% in the first quarter. Logan Capital Management Inc. now owns 25,442 shares of the company’s stock valued at $3,349,000 after buying an additional 142 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Kimberly-Clark Corporation by 26.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 3,500 shares of the company’s stock valued at $461,000 after buying an additional 730 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Kimberly-Clark Corporation by 11.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,712,623 shares of the company’s stock valued at $225,433,000 after buying an additional 171,130 shares in the last quarter. Finally, Dynamic Capital Management Ltd acquired a new stake in Kimberly-Clark Corporation during the first quarter valued at $6,958,000. 70.62% of the stock is owned by institutional investors.
Kimberly-Clark Corporation (NYSE KMB) traded down 0.2642% on Thursday, reaching $121.2887. The company’s stock had a trading volume of 159,199 shares. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The company has a 50-day moving average price of $125.71 and a 200 day moving average price of $128.53. The company has a market cap of $42.85 billion, a P/E ratio of 20.2519 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.49. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.53 EPS. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.19%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
Several research firms have recently weighed in on KMB. BidaskClub cut Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Citigroup Inc. set a $132.00 price objective on Kimberly-Clark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. UBS AG reissued a “neutral” rating and issued a $119.00 price objective (down from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The company 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 business’s stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total value of $2,576,035.88. Following the sale, the senior vice president now owns 23,543 shares of the company’s stock, valued at $3,016,093.73. The disclosure for this sale can be found here. Corporate 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.
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 Corporation (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corporation and related companies with MarketBeat.com's FREE daily email newsletter.