Kimberly Clark Corp (KMB) Shares Bought by Chicago Equity Partners LLC
Chicago Equity Partners LLC raised its stake in Kimberly Clark Corp (NYSE:KMB) by 50.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,290 shares of the company’s stock after purchasing an additional 1,775 shares during the period. Chicago Equity Partners LLC’s holdings in Kimberly Clark were worth $557,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gables Capital Management Inc. bought a new stake in shares of Kimberly Clark in the 1st quarter worth about $115,000. Centerpoint Advisors LLC increased its position in shares of Kimberly Clark by 999.0% in the 1st quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock worth $121,000 after purchasing an additional 999 shares during the last quarter. Lee Financial Co increased its position in shares of Kimberly Clark by 313.8% in the 1st quarter. Lee Financial Co now owns 1,167 shares of the company’s stock worth $128,000 after purchasing an additional 885 shares during the last quarter. Stelac Advisory Services LLC bought a new stake in shares of Kimberly Clark in the 1st quarter worth about $152,000. Finally, Shamrock Asset Management LLC increased its position in shares of Kimberly Clark by 44.1% in the 1st quarter. Shamrock Asset Management LLC now owns 1,598 shares of the company’s stock worth $167,000 after purchasing an additional 489 shares during the last quarter. 74.06% of the stock is owned by institutional investors.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the transaction, the insider now owns 6,122 shares in the company, valued at approximately $718,355.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Aaron Powell sold 1,100 shares of the company’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $105.96, for a total transaction of $116,556.00. Following the completion of the transaction, the insider now owns 1,117 shares of the company’s stock, valued at approximately $118,357.32. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Tuesday, July 24th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. Kimberly Clark’s quarterly revenue was up .6% on a year-over-year basis. equities analysts expect that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.46%. The ex-dividend date is Thursday, September 6th. Kimberly Clark’s dividend payout ratio (DPR) is 64.21%.
A number of equities research analysts recently weighed in on KMB shares. Bank of America boosted their price objective on shares of Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday. ValuEngine raised shares of Kimberly Clark from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 18th. Morgan Stanley boosted their price objective on shares of Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, August 31st. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $96.00 price objective on shares of Kimberly Clark in a research report on Friday, July 13th. Three analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $107.57.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
See Also: Fiduciary
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