Union Bankshares Corp Has $551,000 Holdings in Kimberly-Clark Corporation (KMB)
Union Bankshares Corp grew its stake in Kimberly-Clark Corporation (NYSE:KMB) by 6.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,264 shares of the company’s stock after buying an additional 240 shares during the period. Union Bankshares Corp’s holdings in Kimberly-Clark Corporation were worth $551,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. CHURCHILL MANAGEMENT Corp lifted its position in shares of Kimberly-Clark Corporation by 221.4% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 145,321 shares of the company’s stock worth $18,762,000 after buying an additional 100,108 shares during the last quarter. Bank of The West lifted its position in shares of Kimberly-Clark Corporation by 4.0% in the second quarter. Bank of The West now owns 4,651 shares of the company’s stock worth $600,000 after buying an additional 179 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its position in shares of Kimberly-Clark Corporation by 2,838.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 71,016 shares of the company’s stock worth $9,169,000 after buying an additional 68,599 shares during the last quarter. Pennsylvania Trust Co lifted its position in shares of Kimberly-Clark Corporation by 36.2% in the second quarter. Pennsylvania Trust Co now owns 46,314 shares of the company’s stock worth $5,980,000 after buying an additional 12,309 shares during the last quarter. Finally, Hays Advisory LLC lifted its position in shares of Kimberly-Clark Corporation by 4.9% in the second quarter. Hays Advisory LLC now owns 2,203 shares of the company’s stock worth $284,000 after buying an additional 103 shares during the last quarter. 70.09% of the stock is owned by institutional investors.
Kimberly-Clark Corporation (KMB) traded down 0.51% during midday trading on Friday, reaching $117.52. The company’s stock had a trading volume of 1,547,025 shares. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The firm has a market cap of $41.52 billion, a P/E ratio of 19.62 and a beta of 0.78. The firm has a 50 day moving average price of $121.49 and a 200-day moving average price of $127.61.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting 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 analysts’ expectations of $4.56 billion. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. On average, analysts forecast that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently disclosed 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 3.30%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
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In other news, Director Robert W. Decherd acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, with a total value of $183,315.00. Following the completion of the purchase, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.56% of the company’s stock.
A number of analysts have weighed in on the company. BidaskClub raised 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 objective on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Citigroup Inc. set a $132.00 price objective on Kimberly-Clark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. UBS AG reiterated a “neutral” rating and issued a $119.00 price objective (down from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Finally, Berenberg Bank initiated coverage on Kimberly-Clark Corporation in a research note on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective on the stock. 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 company. The stock presently has a consensus rating of “Hold” and an average price target of $132.07.
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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