Tdam USA Inc. Cuts Stake in Kimberly-Clark Corp. (KMB)
Tdam USA Inc. cut its position in Kimberly-Clark Corp. (NYSE:KMB) by 29.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,448 shares of the company’s stock after selling 53,227 shares during the period. Tdam USA Inc.’s holdings in Kimberly-Clark Corp. were worth $15,824,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. 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 during the period. Tortoise Investment Management LLC increased its position in shares of Kimberly-Clark Corp. by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 842 shares of the company’s stock worth $116,000 after buying an additional 42 shares in the last quarter. Timber Creek Capital Management LLC increased its position in shares of Kimberly-Clark Corp. by 175.8% in the third quarter. Timber Creek Capital Management LLC now owns 1,103 shares of the company’s stock worth $139,000 after buying an additional 703 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its position in shares of Kimberly-Clark Corp. by 50.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the company’s stock worth $147,000 after buying an additional 1,513 shares in the last quarter. Finally, Hanson & Doremus Investment Management increased its position 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. 67.84% of the stock is currently owned by institutional investors.
Kimberly-Clark Corp. (NYSE:KMB) traded down 1.09% during trading on Wednesday, reaching $115.23. The company’s stock had a trading volume of 486,297 shares. Kimberly-Clark Corp. has a 52-week low of $111.30 and a 52-week high of $138.87. The firm’s 50-day moving average is $115.91 and its 200-day moving average is $125.92. The stock has a market cap of $41.27 billion, a P/E ratio of 20.95 and a beta of 0.61.
Kimberly-Clark Corp. (NYSE:KMB) last released its quarterly earnings results on Monday, October 24th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by $0.02. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.73 billion. Kimberly-Clark Corp. had a return on equity of 648.51% and a net margin of 10.96%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 EPS. Equities research analysts forecast that Kimberly-Clark Corp. will post $6.00 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.92 per share. The ex-dividend date is Wednesday, December 7th. This represents a $3.68 annualized dividend and a dividend yield of 3.16%. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is presently 67.03%.
A number of research analysts have recently weighed in on KMB shares. downgraded Kimberly-Clark Corp. from an “outperform” rating to an “underperform” rating in a report on Wednesday, October 26th. Societe Generale restated a “buy” rating and issued a $139.00 target price on shares of Kimberly-Clark Corp. in a research note on Thursday, October 27th. Zacks Investment Research downgraded Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Wells Fargo & Co. restated a “market perform” rating on shares of Kimberly-Clark Corp. in a research note on Tuesday, November 15th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $154.00 target price on shares of Kimberly-Clark Corp. in a research note on Monday, September 12th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Kimberly-Clark Corp. currently has an average rating of “Hold” and a consensus target price of $132.60.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $113.34, for a total transaction of $1,353,959.64. Following the completion of the sale, the senior vice president now owns 30,091 shares in the company, valued at approximately $3,410,513.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Decherd purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were bought at an average price of $113.59 per share, with a total value of $227,180.00. Following the purchase, the director now owns 41,944 shares in the company, valued at approximately $4,764,418.96. The disclosure for this purchase can be found here. Insiders own 0.58% of the company’s stock.
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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