Kimberly Clark Corp (NYSE:KMB) Shares Purchased by Providence Capital Advisors LLC
Providence Capital Advisors LLC boosted its holdings in Kimberly Clark Corp (NYSE:KMB) by 2.1% in the second quarter, HoldingsChannel.com reports. The firm owned 9,517 shares of the company’s stock after buying an additional 196 shares during the quarter. Providence Capital Advisors LLC’s holdings in Kimberly Clark were worth $1,268,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its position in Kimberly Clark by 2.2% in the second quarter. Daiwa Securities Group Inc. now owns 13,837 shares of the company’s stock valued at $1,844,000 after acquiring an additional 300 shares during the last quarter. Advisor Partners LLC lifted its holdings in shares of Kimberly Clark by 2.6% in the 2nd quarter. Advisor Partners LLC now owns 12,634 shares of the company’s stock valued at $1,684,000 after purchasing an additional 318 shares during the last quarter. Beaumont Financial Partners LLC lifted its holdings in shares of Kimberly Clark by 7.8% in the 2nd quarter. Beaumont Financial Partners LLC now owns 6,772 shares of the company’s stock valued at $903,000 after purchasing an additional 489 shares during the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in shares of Kimberly Clark in the 2nd quarter valued at about $222,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Kimberly Clark by 98.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 183,332 shares of the company’s stock valued at $24,693,000 after purchasing an additional 90,873 shares during the last quarter. 71.88% of the stock is owned by hedge funds and other institutional investors.
In other Kimberly Clark news, insider Aaron Powell sold 3,964 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $137.95, for a total transaction of $546,833.80. Following the completion of the transaction, the insider now owns 5,780 shares in the company, valued at approximately $797,351. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP J. Scott Boston sold 4,834 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $136.26, for a total transaction of $658,680.84. Following the transaction, the senior vice president now owns 11,901 shares of the company’s stock, valued at approximately $1,621,630.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,584 shares of company stock valued at $6,242,483. Corporate insiders own 0.85% of the company’s stock.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. The company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The company’s revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. On average, research analysts anticipate that Kimberly Clark Corp will post 6.79 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Thursday, September 5th. Kimberly Clark’s dividend payout ratio is presently 62.33%.
Several research analysts have commented on the company. ValuEngine lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co reissued a “hold” rating and issued a $130.00 price objective on shares of Kimberly Clark in a report on Tuesday, July 23rd. Barclays reissued a “hold” rating on shares of Kimberly Clark in a report on Sunday, July 28th. Atlantic Securities upgraded shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank lifted their target price on shares of Kimberly Clark from $113.00 to $122.00 and gave the company a “sell” rating in a report on Monday, June 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Kimberly Clark currently has an average rating of “Hold” and an average price target of $130.20.
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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