Kimberly-Clark Corporation (KMB) Shares Sold by YorkBridge Wealth Partners LLC
YorkBridge Wealth Partners LLC decreased its stake in Kimberly-Clark Corporation (NYSE:KMB) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,726 shares of the company’s stock after selling 83 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Kimberly-Clark Corporation were worth $852,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Iberiabank Corp purchased a new stake in Kimberly-Clark Corporation during the fourth quarter valued at about $212,000. Dynamic Technology Lab Private Ltd purchased a new stake in Kimberly-Clark Corporation during the fourth quarter valued at about $375,000. Zebra Capital Management LLC increased its stake in Kimberly-Clark Corporation by 14.0% in the fourth quarter. Zebra Capital Management LLC now owns 14,360 shares of the company’s stock valued at $1,639,000 after buying an additional 1,762 shares in the last quarter. Diligent Investors LLC purchased a new stake in Kimberly-Clark Corporation during the fourth quarter valued at about $219,000. Finally, Cim Investment Mangement Inc. increased its stake in Kimberly-Clark Corporation by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 3,649 shares of the company’s stock valued at $416,000 after buying an additional 40 shares in the last quarter. 70.89% of the stock is owned by institutional investors and hedge funds.
Shares of Kimberly-Clark Corporation (KMB) traded down 0.30% during trading on Friday, hitting $121.32. 1,046,757 shares of the stock were exchanged. The company has a market cap of $42.86 billion, a P/E ratio of 20.26 and a beta of 0.76. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The firm’s 50-day moving average is $127.36 and its 200 day moving average is $128.48.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.49. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. Kimberly-Clark Corporation’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 earnings per share. Equities analysts forecast that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.20%. Kimberly-Clark Corporation’s payout ratio is presently 64.88%.
Several analysts recently issued reports on KMB shares. Zacks Investment Research raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Wednesday, April 12th. Jefferies Group LLC assumed coverage on shares of Kimberly-Clark Corporation in a report on Tuesday, April 18th. They set a “hold” rating and a $134.00 price objective for the company. Vetr downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a report on Tuesday, April 18th. B. Riley reissued a “neutral” rating and issued a $128.00 price target on shares of Kimberly-Clark Corporation in a report on Sunday, April 23rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Tuesday, April 25th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. Kimberly-Clark Corporation presently has an average rating of “Hold” and an average target price of $133.14.
In related news, insider Sergio Cruz sold 7,078 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the completion of the sale, the insider now owns 4,910 shares of the company’s stock, valued at $638,349.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the sale, the senior vice president now directly owns 23,543 shares of the company’s stock, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation 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’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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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