North Star Asset Management Inc. Has $24,464,000 Stake in Kimberly-Clark Corp. (KMB)
North Star Asset Management Inc. held its position in Kimberly-Clark Corp. (NYSE:KMB) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 181,875 shares of the company’s stock at the end of the second quarter. Kimberly-Clark Corp. accounts for 2.9% of North Star Asset Management Inc.’s investment portfolio, making the stock its 2nd largest position. North Star Asset Management Inc. owned approximately 0.05% of Kimberly-Clark Corp. worth $24,464,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. James Investment Research Inc. raised its position in Kimberly-Clark Corp. by 3.6% in the second quarter. James Investment Research Inc. now owns 829 shares of the company’s stock valued at $114,000 after buying an additional 29 shares in the last quarter. RPg Family Wealth Advisory LLC raised its position in Kimberly-Clark Corp. by 21.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,210 shares of the company’s stock valued at $163,000 after buying an additional 210 shares in the last quarter. Cribstone Capital Management LLC purchased a new position in Kimberly-Clark Corp. during the second quarter valued at $169,000. Cypress Capital Management LLC WY purchased a new position in Kimberly-Clark Corp. during the second quarter valued at $181,000. Finally, Cornerstone Advisors Inc. raised its position in Kimberly-Clark Corp. by 288.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,347 shares of the company’s stock valued at $185,000 after buying an additional 1,000 shares in the last quarter. 68.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.95% during trading on Tuesday, hitting $121.00. The company’s stock had a trading volume of 1,017,725 shares. The company has a market capitalization of $43.52 billion, a P/E ratio of 22.44 and a beta of 0.42. Kimberly-Clark Corp. has a 1-year low of $114.36 and a 1-year high of $138.87. The firm’s 50 day moving average is $125.51 and its 200-day moving average is $129.94.
Kimberly-Clark Corp. (NYSE:KMB) last issued its earnings results on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period in the prior year, the firm posted $1.41 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, September 7th. Kimberly-Clark Corp.’s payout ratio is currently 68.40%.
KMB has been the topic of several recent research reports. B. Riley reissued a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a research report on Tuesday, July 26th. Zacks Investment Research lowered Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. Atlantic Securities initiated coverage on Kimberly-Clark Corp. in a research report on Monday. They set an “underweight” rating and a $124.00 price target on the stock. Citigroup Inc. boosted their price target on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a $154.00 price target on shares of Kimberly-Clark Corp. in a research report on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Kimberly-Clark Corp. currently has an average rating of “Hold” and an average target price of $135.22.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the transaction, the senior vice president now owns 33,557 shares of the company’s stock, valued at approximately $4,274,155.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Thomas J. Falk sold 206,445 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total value of $27,539,763.00. Following the transaction, the chairman now directly owns 125,574 shares in the company, valued at approximately $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.
About Kimberly-Clark Corp.
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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