Beck Mack & Oliver LLC Reduces Position in Kimberly-Clark Corp. (KMB)
Beck Mack & Oliver LLC cut its position in shares of Kimberly-Clark Corp. (NYSE:KMB) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,725 shares of the company’s stock after selling 2,300 shares during the period. Beck Mack & Oliver LLC’s holdings in Kimberly-Clark Corp. were worth $12,198,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. James Investment Research Inc. raised its stake in shares of Kimberly-Clark Corp. by 3.6% in the second quarter. James Investment Research Inc. now owns 829 shares of the company’s stock worth $114,000 after buying an additional 29 shares in the last quarter. Hanson & Doremus Investment Management raised its stake in shares of Kimberly-Clark Corp. by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock worth $157,000 after buying an additional 10 shares in the last quarter. RPg Family Wealth Advisory LLC raised its stake in shares of 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 worth $163,000 after buying an additional 210 shares in the last quarter. Cribstone Capital Management LLC bought a new stake in shares of Kimberly-Clark Corp. during the second quarter worth $169,000. Finally, Cypress Capital Management LLC WY bought a new stake in shares of Kimberly-Clark Corp. during the second quarter worth $181,000. 68.31% of the stock is owned by institutional investors and hedge funds.
Kimberly-Clark Corp. (NYSE:KMB) traded up 0.34% during midday trading on Monday, reaching $120.91. 619,518 shares of the company traded hands. The stock has a market capitalization of $43.48 billion, a P/E ratio of 22.42 and a beta of 0.42. The company has a 50 day moving average of $124.72 and a 200-day moving average of $129.66. Kimberly-Clark Corp. has a 12-month low of $116.50 and a 12-month high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The company earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the prior year, the company posted $1.41 earnings per share. Kimberly-Clark Corp.’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 9th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio is presently 68.40%.
A number of analysts recently weighed in on KMB shares. Zacks Investment Research raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a report on Tuesday, June 28th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $154.00 target price on shares of Kimberly-Clark Corp. in a report on Monday, September 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $132.00 target price (up previously from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. B. Riley reaffirmed a “neutral” rating and set a $124.00 target price on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. Finally, Citigroup Inc. lifted their target price on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $135.22.
In related news, Chairman Thomas J. Falk sold 206,445 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the transaction, the chairman now directly owns 125,574 shares of the company’s stock, valued at $16,751,571.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas J. Mielke sold 11,946 shares of the stock in a transaction on 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 directly owns 33,557 shares in the company, valued at $4,274,155.09. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
Kimberly-Clark Corp. Company Profile
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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