Kimberly-Clark Corporation (NYSE:KMB) Shares Bought by Sabal Trust CO
Sabal Trust CO boosted its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 6,867 shares of the company’s stock after buying an additional 160 shares during the period. Sabal Trust CO’s holdings in Kimberly-Clark Corporation were worth $887,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Macquarie Group Ltd. raised its position in shares of Kimberly-Clark Corporation by 16.8% in the fourth quarter. Macquarie Group Ltd. now owns 121,083 shares of the company’s stock worth $13,818,000 after buying an additional 17,400 shares during the last quarter. GW&K Investment Management LLC raised its stake in Kimberly-Clark Corporation by 3.0% in the first quarter. GW&K Investment Management LLC now owns 7,509 shares of the company’s stock valued at $988,000 after buying an additional 217 shares in the last quarter. Pennsylvania Trust Co raised its stake in Kimberly-Clark Corporation by 2.1% in the first quarter. Pennsylvania Trust Co now owns 34,005 shares of the company’s stock valued at $4,476,000 after buying an additional 700 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Kimberly-Clark Corporation by 3.2% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,549 shares of the company’s stock valued at $863,000 after buying an additional 201 shares in the last quarter. Finally, Legacy Private Trust Co. raised its stake in Kimberly-Clark Corporation by 0.6% in the first quarter. Legacy Private Trust Co. now owns 311,253 shares of the company’s stock valued at $40,970,000 after buying an additional 1,873 shares in the last quarter. 70.62% of the stock is currently owned by institutional investors.
Kimberly-Clark Corporation (NYSE KMB) traded down 0.36% on Friday, hitting $120.64. 1,074,056 shares of the company were exchanged. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The stock has a market capitalization of $42.62 billion, a P/E ratio of 20.14 and a beta of 0.76. The company has a 50 day moving average price of $125.09 and a 200-day moving average price of $128.50.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the prior year, the firm posted $1.53 EPS. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts expect 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. Stockholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is presently 64.88%.
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KMB has been the topic of several analyst reports. TheStreet upgraded shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research report on Wednesday, April 26th. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. Berenberg Bank initiated coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a “hold” rating and a $136.00 price target on the stock. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $133.00 price objective on shares of Kimberly-Clark Corporation in a research note on Wednesday, May 31st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $133.07.
In related news, Director Robert W. Decherd purchased 1,500 shares of the company’s stock in a transaction dated 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 acquisition, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were 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 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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