Kimberly-Clark Corporation (KMB) Shares Bought by Rhumbline Advisers
Rhumbline Advisers increased its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 657,732 shares of the company’s stock after acquiring an additional 2,818 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Kimberly-Clark Corporation worth $84,920,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of KMB. Tortoise Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 4.7% during the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 125.0% during the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 500 shares in the last quarter. Armbruster Capital Management Inc. boosted its stake in Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 250 shares in the last quarter. Heritage Trust Co bought a new position in Kimberly-Clark Corporation during the first quarter worth $118,000. Finally, V Wealth Management LLC bought a new position in Kimberly-Clark Corporation during the second quarter worth $123,000. 70.08% of the stock is currently owned by institutional investors and hedge funds.
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Kimberly-Clark Corporation (KMB) opened at 117.56 on Friday. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The company’s 50 day moving average is $119.28 and its 200-day moving average is $125.72. The company has a market capitalization of $41.53 billion, a price-to-earnings ratio of 19.63 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly 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 company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. Kimberly-Clark Corporation’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 EPS. Equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 8th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is 64.88%.
Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Citigroup Inc. set a $134.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Two investment 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. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus target price of $131.46.
In other news, Director Robert W. Decherd purchased 1,500 shares of the company’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 purchase, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.
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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