Kimberly-Clark Corporation (KMB) Holdings Trimmed by CHICAGO TRUST Co NA
CHICAGO TRUST Co NA lessened its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,574 shares of the company’s stock after selling 63 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Kimberly-Clark Corporation were worth $849,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC boosted its holdings in shares of Kimberly-Clark Corporation by 4.7% during the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares during the period. Heritage Trust Co bought a new stake in shares of Kimberly-Clark Corporation during the first quarter worth approximately $118,000. Acrospire Investment Management LLC boosted its holdings in shares of Kimberly-Clark Corporation by 125.0% during the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 500 shares during the period. Armbruster Capital Management Inc. boosted its holdings in shares of Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 250 shares during the period. Finally, Sterling Investment Advisors Ltd. boosted its holdings in shares of Kimberly-Clark Corporation by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after acquiring an additional 400 shares during the period. 70.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 0.51% on Friday, reaching $117.52. 1,547,025 shares of the company’s stock traded hands. The company’s 50-day moving average price is $121.49 and its 200 day moving average price is $127.61. The firm has a market cap of $41.52 billion, a P/E ratio of 19.62 and a beta of 0.78. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results 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 firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same period last year, the firm earned $1.53 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts forecast 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. Shareholders of record on Friday, September 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.30%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is 64.88%.
In other news, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost 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 $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is owned by company insiders.
A number of equities research analysts have recently issued reports on KMB shares. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. BidaskClub cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. UBS AG restated a “neutral” rating and set a $119.00 price objective (down previously from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Citigroup Inc. set a $132.00 price objective on Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $132.07.
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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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