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%.

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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.

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Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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