Earnest Partners LLC lowered its stake in Kimberly-Clark Corporation (NYSE:KMB) by 20.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,936 shares of the company’s stock after selling 25,584 shares during the period. Earnest Partners LLC’s holdings in Kimberly-Clark Corporation were worth $13,155,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of KMB. Tortoise Investment Management LLC increased its stake in Kimberly-Clark Corporation by 4.7% in the first 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 last quarter. Acrospire Investment Management LLC increased its stake in Kimberly-Clark Corporation by 125.0% in the first 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 last quarter. Armbruster Capital Management Inc. increased its stake in Kimberly-Clark Corporation by 38.5% in the first 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 last quarter. Heritage Trust Co acquired a new stake in Kimberly-Clark Corporation during the first quarter valued at approximately $118,000. Finally, Clean Yield Group acquired a new stake in Kimberly-Clark Corporation during the first quarter valued at approximately $145,000. 70.62% of the stock is owned by institutional investors.
Kimberly-Clark Corporation (KMB) traded down 0.36% on Friday, reaching $120.64. 1,074,056 shares of the company’s stock were exchanged. The company has a market cap of $42.62 billion, a PE ratio of 20.14 and a beta of 0.76. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The firm’s 50 day moving average price is $125.09 and its 200 day moving average price is $128.50.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same period in the previous year, the business posted $1.53 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.22%. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
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Several research firms have recently commented on KMB. B. Riley reissued a “neutral” rating and set a $128.00 target price on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. Jefferies Group LLC started coverage on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 18th. They set a “hold” rating and a $134.00 target price for the company. Finally, Citigroup Inc. set a $132.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and an average price target of $133.07.
In related news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the purchase, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sergio Cruz sold 7,078 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the completion of the sale, the insider now owns 4,910 shares of the company’s stock, valued at $638,349.10. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
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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