Logan Capital Management Inc. Increases Position in Kimberly-Clark Corporation (NYSE:KMB)
Logan Capital Management Inc. boosted its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.6% during the first quarter, Holdings Channel reports. The institutional investor owned 25,442 shares of the company’s stock after buying an additional 142 shares during the period. Logan Capital Management Inc.’s holdings in Kimberly-Clark Corporation were worth $3,349,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Tortoise Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares in the last quarter. Heritage Trust Co purchased a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $118,000. Acrospire Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares in the last quarter. Armbruster Capital Management Inc. raised its position in shares of Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares in the last quarter. Finally, Clean Yield Group purchased a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $145,000. Hedge funds and other institutional investors own 70.62% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 0.25% on Thursday, hitting $121.30. The stock had a trading volume of 141,133 shares. The company has a 50 day moving average of $125.71 and a 200-day moving average of $128.53. The firm has a market capitalization of $42.86 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.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $1.53 EPS. Equities analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be given 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 dividend yield of 3.19%. Kimberly-Clark Corporation’s dividend payout ratio is 64.88%.
Several brokerages recently issued reports on KMB. BidaskClub lowered Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. UBS AG downgraded Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $134.00 to $120.00 in a report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Finally, Citigroup Inc. set a $134.00 price objective on Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. Kimberly-Clark Corporation has a consensus rating of “Hold” and a consensus price target of $133.14.
In other news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the senior vice president now 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.
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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