Strs Ohio Decreases Holdings in Kimberly-Clark Corporation (KMB)
Strs Ohio lowered its position in Kimberly-Clark Corporation (NYSE:KMB) by 5.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 197,178 shares of the company’s stock after selling 11,543 shares during the period. Strs Ohio owned 0.06% of Kimberly-Clark Corporation worth $25,457,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in KMB. Tortoise Investment Management LLC lifted its holdings in Kimberly-Clark Corporation by 4.7% in the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after purchasing an additional 34 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in Kimberly-Clark Corporation by 125.0% in the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 500 shares in the last quarter. Armbruster Capital Management Inc. lifted its holdings in Kimberly-Clark Corporation by 38.5% in the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 250 shares in the last quarter. Heritage Trust Co purchased a new position in Kimberly-Clark Corporation in the 1st quarter valued at $118,000. Finally, V Wealth Management LLC purchased a new position in Kimberly-Clark Corporation in the 2nd quarter valued at $123,000. Institutional investors own 70.10% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 118.13 on Friday. The firm has a market capitalization of $41.74 billion, a P/E ratio of 19.72 and a beta of 0.78. The company’s 50 day moving average price is $122.07 and its 200-day moving average price is $128.35. 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 released its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm 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 business posted $1.53 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The firm also recently announced 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 yield of 3.28%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
A number of research analysts have weighed in on the company. Royal Bank Of Canada restated a “hold” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Friday. Jefferies Group LLC restated a “hold” rating and issued a $119.00 price objective on shares of Kimberly-Clark Corporation in a report on Thursday. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Citigroup Inc. restated a “neutral” rating and issued a $131.00 price objective (down previously from $132.00) on shares of Kimberly-Clark Corporation in a report on Friday, August 11th. Finally, BidaskClub lowered Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $132.86.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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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