Capital Investment Advisors LLC Acquires 427 Shares of Kimberly-Clark Corporation (KMB)
Capital Investment Advisors LLC boosted its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,699 shares of the company’s stock after buying an additional 427 shares during the quarter. Capital Investment Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $1,381,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC grew its position in Kimberly-Clark Corporation by 4.7% during 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 during the period. Heritage Trust Co bought a new position in shares of Kimberly-Clark Corporation in the first quarter worth approximately $118,000. Acrospire Investment Management LLC boosted 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 worth $118,000 after purchasing an additional 500 shares during the period. Armbruster Capital Management Inc. boosted 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 worth $118,000 after purchasing an additional 250 shares during the period. Finally, Sterling Investment Advisors Ltd. boosted its position in shares of Kimberly-Clark Corporation by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares during the period. Institutional investors own 70.09% of the company’s stock.
A number of equities analysts have weighed in on KMB shares. Jefferies Group LLC reiterated a “hold” rating and issued a $133.00 price target on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. Berenberg Bank started coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They issued a “hold” rating and a $136.00 price target for the company. 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. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research report on Friday, July 7th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $132.07.
In related news, Director Robert W. Decherd purchased 1,500 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 0.22% during trading on Tuesday, hitting $121.60. 422,064 shares of the company were exchanged. The firm’s 50-day moving average price is $121.53 and its 200 day moving average price is $127.70. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The firm has a market capitalization of $42.96 billion, a PE ratio of 20.30 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the company earned $1.53 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research 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. Investors of record on Friday, September 8th will be paid a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.18%. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
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Kimberly-Clark Corporation 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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