Moneta Group Investment Advisors LLC Boosts Position in Kimberly Clark Corp (KMB)
Moneta Group Investment Advisors LLC increased its holdings in Kimberly Clark Corp (NYSE:KMB) by 3,499.8% during the second quarter, Holdings Channel reports. The institutional investor owned 21,275 shares of the company’s stock after acquiring an additional 20,684 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Kimberly Clark were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of KMB. Victory Capital Management Inc. raised its stake in Kimberly Clark by 27.4% during the 1st quarter. Victory Capital Management Inc. now owns 136,267 shares of the company’s stock worth $15,007,000 after acquiring an additional 29,296 shares during the period. Chicago Equity Partners LLC bought a new stake in Kimberly Clark during the 1st quarter worth approximately $387,000. Cambridge Investment Research Advisors Inc. raised its stake in Kimberly Clark by 49.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 91,122 shares of the company’s stock worth $10,035,000 after acquiring an additional 30,345 shares during the period. Lincoln National Corp raised its stake in Kimberly Clark by 36.8% during the 1st quarter. Lincoln National Corp now owns 7,760 shares of the company’s stock worth $855,000 after acquiring an additional 2,088 shares during the period. Finally, KBC Group NV raised its stake in Kimberly Clark by 43.1% during the 1st quarter. KBC Group NV now owns 147,327 shares of the company’s stock worth $16,225,000 after acquiring an additional 44,401 shares during the period. 73.93% of the stock is currently owned by institutional investors.
KMB has been the topic of a number of recent analyst reports. ValuEngine cut shares of Kimberly Clark from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th. Morgan Stanley initiated coverage on shares of Kimberly Clark in a research note on Thursday, June 21st. They set an “underweight” rating and a $94.00 target price on the stock. Jefferies Financial Group restated a “hold” rating and set a $96.00 target price on shares of Kimberly Clark in a research note on Friday, July 13th. Finally, UBS Group initiated coverage on shares of Kimberly Clark in a research note on Thursday, July 19th. They set a “sell” rating and a $90.00 target price on the stock. Three investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Kimberly Clark currently has an average rating of “Hold” and an average target price of $106.54.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. analysts anticipate that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, September 6th. Kimberly Clark’s payout ratio is currently 64.21%.
In other news, insider Aaron Powell sold 1,100 shares of Kimberly Clark stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total transaction of $116,556.00. Following the sale, the insider now owns 1,117 shares in the company, valued at $118,357.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Anthony J. Palmer sold 6,445 shares of Kimberly Clark stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the sale, the insider now owns 6,122 shares in the company, valued at approximately $718,355.48. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.
Kimberly Clark 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.
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