Legacy Private Trust Co. Has $40.08 Million Position in Kimberly-Clark Corporation (KMB)
Legacy Private Trust Co. lowered its stake in Kimberly-Clark Corporation (NYSE:KMB) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 310,429 shares of the company’s stock after selling 824 shares during the period. Kimberly-Clark Corporation makes up 5.1% of Legacy Private Trust Co.’s holdings, making the stock its biggest holding. Legacy Private Trust Co. owned 0.09% of Kimberly-Clark Corporation worth $40,079,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after purchasing an additional 68,776 shares during the period. Royce & Associates LP increased its position in shares of Kimberly-Clark Corporation by 55.7% in the first quarter. Royce & Associates LP now owns 31,300 shares of the company’s stock worth $4,120,000 after purchasing an additional 11,200 shares during the period. Oarsman Capital Inc. increased its position in shares of Kimberly-Clark Corporation by 3.0% in the first quarter. Oarsman Capital Inc. now owns 12,219 shares of the company’s stock worth $1,608,000 after purchasing an additional 361 shares during the period. Investment Centers of America Inc. increased its position in shares of Kimberly-Clark Corporation by 5.1% in the first quarter. Investment Centers of America Inc. now owns 55,053 shares of the company’s stock worth $7,244,000 after purchasing an additional 2,671 shares during the period. Finally, First Financial Equity Corporation bought a new position in shares of Kimberly-Clark Corporation in the first quarter worth $681,000. Institutional investors own 70.09% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) traded up 0.62% during trading on Friday, hitting $117.68. The company had a trading volume of 1,665,268 shares. The stock has a market capitalization of $41.58 billion, a price-to-earnings ratio of 19.65 and a beta of 0.78. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The company’s 50 day moving average price is $121.49 and its 200-day moving average price is $127.61.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the consensus estimate of $1.49. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $1.53 EPS. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.30%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
In other news, Director Robert W. Decherd acquired 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. Macquarie assumed coverage on Kimberly-Clark Corporation in a research report on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 target price on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $131.00 target price (down previously from $132.00) on shares of Kimberly-Clark Corporation in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $132.07.
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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