IFC Holdings Incorporated FL cut its stake in Kimberly-Clark Corporation (NYSE:KMB) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,526 shares of the company’s stock after selling 16 shares during the quarter. IFC Holdings Incorporated FL’s holdings in Kimberly-Clark Corporation were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Sigma Planning Corp grew its stake in shares of Kimberly-Clark Corporation by 6.5% in the second quarter. Sigma Planning Corp now owns 15,371 shares of the company’s stock worth $1,985,000 after acquiring an additional 944 shares during the period. Traynor Capital Management Inc. bought a new stake in shares of Kimberly-Clark Corporation in the second quarter worth approximately $218,000. Rhumbline Advisers grew its stake in shares of Kimberly-Clark Corporation by 0.4% in the second quarter. Rhumbline Advisers now owns 657,732 shares of the company’s stock worth $84,920,000 after acquiring an additional 2,818 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Kimberly-Clark Corporation by 35.8% in the second quarter. Teacher Retirement System of Texas now owns 132,094 shares of the company’s stock worth $17,055,000 after acquiring an additional 34,813 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Kimberly-Clark Corporation by 23.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 119,410 shares of the company’s stock worth $15,603,000 after acquiring an additional 22,883 shares during the period. Hedge funds and other institutional investors own 70.08% of the company’s stock.
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A number of analysts have recently commented on the stock. 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 target on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Citigroup Inc. set a $132.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. UBS AG reiterated a “neutral” rating and issued a $119.00 price target (down from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $122.00 price target (down from $133.00) on shares of Kimberly-Clark Corporation in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $131.46.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting analysts’ consensus estimates of $1.49. The business 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%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $1.53 EPS.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were paid a dividend of $0.97 per share. The ex-dividend date was Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.30%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
In other news, Director Robert W. Decherd acquired 1,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is owned by company insiders.
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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