Tirschwell & Loewy Inc. Sells 308 Shares of Kimberly-Clark Corporation (KMB)
Tirschwell & Loewy Inc. trimmed its position in Kimberly-Clark Corporation (NYSE:KMB) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,369 shares of the company’s stock after selling 308 shares during the period. Kimberly-Clark Corporation comprises about 1.5% of Tirschwell & Loewy Inc.’s investment portfolio, making the stock its 28th largest position. Tirschwell & Loewy Inc.’s holdings in Kimberly-Clark Corporation were worth $9,731,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC lifted its holdings in shares of Kimberly-Clark Corporation by 4.7% during the 1st 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. Acrospire Investment Management LLC lifted its holdings in shares of Kimberly-Clark Corporation by 125.0% during the 1st 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. lifted its holdings in shares of Kimberly-Clark Corporation by 38.5% during the 1st 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. Heritage Trust Co purchased a new position in shares of Kimberly-Clark Corporation during the 1st quarter worth about $118,000. Finally, V Wealth Management LLC purchased a new position in shares of Kimberly-Clark Corporation during the 2nd quarter worth about $123,000. Institutional investors own 70.08% of the company’s stock.
Kimberly-Clark Corporation (NYSE:KMB) opened at 118.56 on Friday. The company has a 50-day moving average of $119.14 and a 200 day moving average of $125.57. The stock has a market cap of $41.89 billion, a price-to-earnings ratio of 19.80 and a beta of 0.76. 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 posted 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 during the quarter, compared to analyst estimates of $4.56 billion. During the same period in the previous year, the company earned $1.53 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 8th were issued a $0.97 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 annualized dividend and a yield of 3.27%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.
Several brokerages have recently weighed in on KMB. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Friday. UBS AG lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $134.00 to $120.00 in a report on Wednesday, July 12th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a report on Friday, July 7th. Two equities 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 company. The company presently has a consensus rating of “Hold” and a consensus target price of $131.46.
In related news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by insiders.
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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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