Bank of Montreal Can Reduces Holdings in Kimberly-Clark Corporation (KMB)
Bank of Montreal Can decreased its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 560,076 shares of the company’s stock after selling 14,940 shares during the quarter. Bank of Montreal Can owned approximately 0.16% of Kimberly-Clark Corporation worth $72,313,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Winch Advisory Services LLC boosted its stake in shares of Kimberly-Clark Corporation by 0.6% during the first quarter. Winch Advisory Services LLC now owns 1,396 shares of the company’s stock worth $184,000 after buying an additional 8 shares during the period. Genesee Valley Trust Co. boosted its stake in shares of Kimberly-Clark Corporation by 0.6% during the first quarter. Genesee Valley Trust Co. now owns 2,545 shares of the company’s stock worth $335,000 after buying an additional 15 shares during the period. Kistler Tiffany Companies LLC boosted its stake in shares of Kimberly-Clark Corporation by 0.5% during the first quarter. Kistler Tiffany Companies LLC now owns 2,909 shares of the company’s stock worth $383,000 after buying an additional 15 shares during the period. Stratford Consulting LLC boosted its stake in shares of Kimberly-Clark Corporation by 0.8% during the first quarter. Stratford Consulting LLC now owns 2,019 shares of the company’s stock worth $266,000 after buying an additional 16 shares during the period. Finally, Jackson Grant Investment Advisers Inc. boosted its stake in shares of Kimberly-Clark Corporation by 0.7% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 2,466 shares of the company’s stock worth $325,000 after buying an additional 16 shares during the period. 70.09% of the stock is currently owned by institutional investors.
Kimberly-Clark Corporation (NYSE:KMB) traded down 1.12% during midday trading on Thursday, hitting $118.81. 612,150 shares of the stock 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 cap of $41.98 billion, a price-to-earnings ratio of 19.84 and a beta of 0.78. The firm’s 50-day moving average is $121.49 and its 200 day moving average is $127.61.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. The company had revenue of $4.55 billion during 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 business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 EPS. Equities research analysts expect that Kimberly-Clark Corporation will post $6.21 EPS 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 paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Citigroup Inc. set a $134.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th. BidaskClub downgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. UBS AG downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $134.00 to $120.00 in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) set a $157.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Three investment analysts have rated the stock with a sell rating, fourteen 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 price target of $132.07.
In related news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The stock was bought at an average cost of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 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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