K.J. Harrison & Partners Inc Holds Stake in Kimberly-Clark Corporation (KMB)
K.J. Harrison & Partners Inc continued to hold its position in Kimberly-Clark Corporation (NYSE:KMB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,380 shares of the company’s stock at the end of the 2nd quarter. K.J. Harrison & Partners Inc’s holdings in Kimberly-Clark Corporation were worth $2,115,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC raised its holdings in Kimberly-Clark Corporation by 4.7% in the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 125.0% during the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 500 shares during the last quarter. Armbruster Capital Management Inc. boosted its stake in Kimberly-Clark Corporation by 38.5% during the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 250 shares during the last quarter. Heritage Trust Co purchased a new stake in Kimberly-Clark Corporation during the 1st quarter valued at $118,000. Finally, V Wealth Management LLC purchased a new stake in Kimberly-Clark Corporation during the 2nd quarter valued at $123,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
In other news, Director Robert W. Decherd bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by corporate insiders.
A number of research firms have commented on KMB. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Friday, September 8th. Macquarie assumed coverage on Kimberly-Clark Corporation in a research report on Friday, September 15th. They set a “neutral” rating and a $121.00 price objective on the stock. Finally, Berenberg Bank assumed coverage on Kimberly-Clark Corporation in a report on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective for the company. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $132.07.
Kimberly-Clark Corporation (NYSE:KMB) opened at 116.97 on Tuesday. The company has a market capitalization of $41.33 billion, a P/E ratio of 19.53 and a beta of 0.76. The firm has a 50-day moving average of $120.55 and a 200 day moving average of $126.58. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period in the prior year, the company earned $1.53 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Equities analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
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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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