Mendel Money Management Buys Shares of 2,478 Kimberly Clark Corp (KMB)
Mendel Money Management bought a new stake in Kimberly Clark Corp (NYSE:KMB) during the fourth quarter, HoldingsChannel.com reports. The firm bought 2,478 shares of the company’s stock, valued at approximately $299,000.
A number of other large investors have also recently bought and sold shares of KMB. Martin Investment Management LLC acquired a new stake in Kimberly Clark in the 2nd quarter worth $443,000. Capital Research Global Investors lifted its holdings in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares during the period. Pax World Management LLC lifted its holdings in shares of Kimberly Clark by 7.7% during the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after acquiring an additional 200 shares during the period. Boston Family Office LLC lifted its holdings in shares of Kimberly Clark by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after acquiring an additional 90 shares during the period. Finally, Strategy Asset Managers LLC lifted its holdings in shares of Kimberly Clark by 80.0% during the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after acquiring an additional 1,390 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.
In related news, insider Kimberly K. Underhill sold 23,158 shares of Kimberly Clark stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.
Kimberly Clark Corp (NYSE:KMB) opened at $113.67 on Tuesday. Kimberly Clark Corp has a 1-year low of $109.51 and a 1-year high of $136.21. The stock has a market cap of $39,082.71, a PE ratio of 17.73, a P/E/G ratio of 2.02 and a beta of 0.66. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same period last year, the firm posted $1.45 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. equities analysts predict that Kimberly Clark Corp will post 6.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be issued a dividend of $1.00 per share. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s dividend payout ratio (DPR) is currently 60.53%.
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About Kimberly Clark
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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