First Heartland Consultants Inc. lifted its stake in Kimberly-Clark Corporation (NYSE:KMB) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,024 shares of the company’s stock after purchasing an additional 317 shares during the period. First Heartland Consultants Inc.’s holdings in Kimberly-Clark Corporation were worth $649,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in KMB. Tortoise Investment Management LLC lifted its stake in shares of 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 purchasing an additional 34 shares during the period. Acrospire Investment Management LLC lifted its stake in shares of 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 purchasing an additional 500 shares during the period. Armbruster Capital Management Inc. lifted its stake in shares of 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 purchasing an additional 250 shares during the period. Heritage Trust Co acquired a new stake in shares of Kimberly-Clark Corporation in the first quarter valued at about $118,000. Finally, V Wealth Management LLC acquired a new stake in shares of Kimberly-Clark Corporation in the second quarter valued at about $123,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
In other news, Director Robert W. Decherd acquired 1,500 shares of Kimberly-Clark Corporation stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $122.21 per share, with a total value of $183,315.00. Following the completion of the purchase, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
Several brokerages recently commented on KMB. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. 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. Jefferies Group LLC reiterated a “hold” rating and issued a $133.00 price objective on shares of Kimberly-Clark Corporation in a research note on Wednesday, May 31st. Berenberg Bank began coverage on shares of Kimberly-Clark Corporation in a research note on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective for the company. Finally, Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. Kimberly-Clark Corporation presently has an average rating of “Hold” and an average target price of $132.86.
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Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 120.60 on Wednesday. The stock’s 50 day moving average is $121.91 and its 200-day moving average is $128.15. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The stock has a market capitalization of $42.61 billion, a P/E ratio of 20.14 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting 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 company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
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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