Rench Wealth Management Inc. Decreases Stake in Kimberly-Clark Corporation (KMB)
Rench Wealth Management Inc. decreased its stake in Kimberly-Clark Corporation (NYSE:KMB) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,897 shares of the company’s stock after selling 365 shares during the period. Kimberly-Clark Corporation makes up 2.5% of Rench Wealth Management Inc.’s investment portfolio, making the stock its 19th largest position. Rench Wealth Management Inc.’s holdings in Kimberly-Clark Corporation were worth $3,409,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its stake in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the period. Acrospire Investment Management LLC raised its stake in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. raised its stake in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the period. Heritage Trust Co acquired a new stake in Kimberly-Clark Corporation during the first quarter valued at $118,000. Finally, Clean Yield Group acquired a new stake in Kimberly-Clark Corporation during the first quarter valued at $145,000. Hedge funds and other institutional investors own 70.08% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) traded down 0.32% on Thursday, hitting $121.91. 427,408 shares of the company were exchanged. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The firm has a market cap of $43.07 billion, a price-to-earnings ratio of 20.36 and a beta of 0.76. The stock has a 50 day moving average price of $122.99 and a 200 day moving average price of $128.55.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.49. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $1.53 EPS. On average, equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.17%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
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Several research firms recently weighed in on KMB. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group Inc set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. UBS AG reiterated a “neutral” rating and set a $119.00 price objective (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Finally, Berenberg Bank began coverage on shares of Kimberly-Clark Corporation in a research note on Friday, June 9th. They set a “hold” rating and a $136.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus price target of $133.07.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is owned by company insiders.
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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