Abbrea Capital LLC Has $824,000 Position in Kimberly-Clark Corporation (KMB)
Abbrea Capital LLC continued to hold its position in shares of Kimberly-Clark Corporation (NYSE:KMB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,334 shares of the company’s stock at the close of the 2nd quarter. Abbrea Capital LLC’s holdings in Kimberly-Clark Corporation were worth $824,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Sigma Planning Corp grew its holdings in Kimberly-Clark Corporation by 6.5% in the second quarter. Sigma Planning Corp now owns 15,371 shares of the company’s stock valued at $1,985,000 after purchasing an additional 944 shares during the last quarter. Traynor Capital Management Inc. acquired a new stake in Kimberly-Clark Corporation in the second quarter valued at $218,000. Rhumbline Advisers grew its holdings in Kimberly-Clark Corporation by 0.4% in the second quarter. Rhumbline Advisers now owns 657,732 shares of the company’s stock valued at $84,920,000 after purchasing an additional 2,818 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Kimberly-Clark Corporation by 35.8% in the second quarter. Teacher Retirement System of Texas now owns 132,094 shares of the company’s stock valued at $17,055,000 after purchasing an additional 34,813 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Kimberly-Clark Corporation by 23.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 119,410 shares of the company’s stock valued at $15,603,000 after purchasing an additional 22,883 shares during the last quarter. 70.08% of the stock is currently owned by institutional investors.
In related news, Director Robert W. Decherd bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.
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Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 117.56 on Friday. The firm has a market cap of $41.53 billion, a price-to-earnings ratio of 19.63 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’s 50 day moving average price is $119.28 and its 200-day moving average price is $125.72.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.49. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 EPS. Equities analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 8th were issued 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 64.88%.
Several research firms have weighed in on KMB. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. UBS AG lowered Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $134.00 to $120.00 in a report on Wednesday, July 12th. BidaskClub lowered 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 Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $131.46.
About Kimberly-Clark Corporation
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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