Kimberly-Clark Corporation (KMB) Shares Bought by Smithfield Trust Co.
Smithfield Trust Co. boosted its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,086 shares of the company’s stock after purchasing an additional 220 shares during the quarter. Smithfield Trust Co.’s holdings in Kimberly-Clark Corporation were worth $915,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased 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 valued at $100,000 after buying an additional 34 shares during the period. Heritage Trust Co bought a new stake in Kimberly-Clark Corporation in the 1st quarter valued at $118,000. Acrospire Investment Management LLC increased its holdings in Kimberly-Clark Corporation by 125.0% in the 1st 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. increased its holdings in Kimberly-Clark Corporation by 38.5% in the 1st 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. Finally, V Wealth Management LLC bought a new stake in Kimberly-Clark Corporation in the 2nd quarter valued at $123,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
KMB has been the topic of several analyst reports. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. 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 Wednesday, July 26th. Zacks Investment Research raised shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $119.00 price target on shares of Kimberly-Clark Corporation in a report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $130.93.
In related news, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought 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 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.
Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 117.47 on Friday. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The stock has a 50 day moving average of $120.09 and a 200 day moving average of $126.32. The company has a market cap of $41.50 billion, a price-to-earnings ratio of 19.61 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the business earned $1.53 earnings per share. Kimberly-Clark Corporation’s revenue was down .7% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 8th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
Kimberly-Clark Corporation 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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