Kimberly-Clark Corporation (KMB) Stake Maintained by Independent Investors Inc.
Independent Investors Inc. maintained its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,100 shares of the company’s stock at the end of the second quarter. Independent Investors Inc.’s holdings in Kimberly-Clark Corporation were worth $1,174,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of KMB. Waldron LP purchased a new position in shares of Kimberly-Clark Corporation in the 1st quarter valued at approximately $255,000. Stratford Consulting LLC lifted its holdings in shares of Kimberly-Clark Corporation by 0.8% during the first quarter. Stratford Consulting LLC now owns 2,019 shares of the company’s stock worth $266,000 after purchasing an additional 16 shares during the period. Brookstone Capital Management lifted its holdings in shares of Kimberly-Clark Corporation by 7.2% during the first quarter. Brookstone Capital Management now owns 44,494 shares of the company’s stock worth $5,857,000 after purchasing an additional 2,983 shares during the period. Weatherly Asset Management L. P. lifted its holdings in shares of Kimberly-Clark Corporation by 4.4% during the first quarter. Weatherly Asset Management L. P. now owns 24,849 shares of the company’s stock worth $3,271,000 after purchasing an additional 1,055 shares during the period. Finally, Advisor Partners LLC lifted its holdings in shares of Kimberly-Clark Corporation by 3.1% during the first quarter. Advisor Partners LLC now owns 8,312 shares of the company’s stock worth $1,094,000 after purchasing an additional 253 shares during the period. 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, with a total value of $183,315.00. Following the completion of the acquisition, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.
Kimberly-Clark Corporation (NYSE KMB) opened at 115.58 on Wednesday. The stock has a market capitalization of $40.83 billion, a P/E ratio of 19.30 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 company has a 50-day moving average price of $120.37 and a 200 day moving average price of $126.45.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. The company 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 business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 EPS. On average, equities analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 8th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.36%. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
KMB has been the topic of several recent research reports. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. UBS AG cut shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $134.00 to $120.00 in a research note on Wednesday, July 12th. BidaskClub downgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Citigroup Inc. set a $134.00 target price on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average 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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