Two Sigma Securities LLC purchased a new position in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,612 shares of the company’s stock, valued at approximately $1,002,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of KMB. Tortoise Investment Management LLC raised its position in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares during the period. Heritage Trust Co acquired a new position in Kimberly-Clark Corporation during the first quarter worth $118,000. Acrospire Investment Management LLC raised its position in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. raised its position in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares during the period. Finally, Clean Yield Group acquired a new position in Kimberly-Clark Corporation during the first quarter worth $145,000. 70.62% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (NYSE KMB) traded down 0.30% during mid-day trading on Thursday, reaching $121.25. 159,776 shares of the company traded hands. The stock has a 50-day moving average of $125.71 and a 200 day moving average of $128.53. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The stock has a market capitalization of $42.84 billion, a PE ratio of 20.25 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the firm posted $1.53 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
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A number of research analysts have weighed in on the stock. Vetr lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 target price on the stock. in a research note on Tuesday, April 18th. Jefferies Group LLC assumed coverage on shares of Kimberly-Clark Corporation in a research note on Tuesday, April 18th. They issued a “hold” rating and a $134.00 target price on the stock. Zacks Investment Research lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. TheStreet raised shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. Finally, BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $133.14.
In other news, insider Sergio Cruz sold 7,078 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the transaction, the insider now owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Decherd bought 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the purchase, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.
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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