RMR Wealth Builders purchased a new stake in shares of Kimberly Clark Corp (NYSE:KMB) in the second quarter, Holdings Channel reports. The firm purchased 678 shares of the company’s stock, valued at approximately $96,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Kimberly Clark during the second quarter worth about $28,000. Stuart Chaussee & Associates Inc. acquired a new position in Kimberly Clark during the 1st quarter valued at about $30,000. Center for Financial Planning Inc. boosted its stake in Kimberly Clark by 138.9% during the 1st quarter. Center for Financial Planning Inc. now owns 270 shares of the company’s stock valued at $35,000 after purchasing an additional 157 shares during the last quarter. Perennial Advisors LLC bought a new stake in Kimberly Clark during the 1st quarter worth approximately $38,000. Finally, Proffitt & Goodson Inc. purchased a new stake in shares of Kimberly Clark in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 71.39% of the company’s stock.
NYSE KMB traded up $2.07 during trading hours on Wednesday, reaching $148.55. 29,973 shares of the company were exchanged, compared to its average volume of 1,866,193. The stock has a market capitalization of $49.96 billion, a P/E ratio of 19.97, a P/E/G ratio of 3.54 and a beta of 0.47. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 14.59. Kimberly Clark Corp has a 1 year low of $110.66 and a 1 year high of $160.16. The business’s 50 day simple moving average is $154.47 and its 200-day simple moving average is $141.91.
Kimberly Clark (NYSE:KMB) last released its earnings results on Thursday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.40. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.48 billion. Kimberly Clark had a net margin of 13.58% and a return on equity of 1,319.56%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 EPS. As a group, sell-side analysts anticipate that Kimberly Clark Corp will post 7.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, September 3rd. Kimberly Clark’s dividend payout ratio is currently 62.12%.
In other news, insider Aaron Powell sold 8,663 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $151.38, for a total value of $1,311,404.94. Following the sale, the insider now owns 8,707 shares of the company’s stock, valued at $1,318,065.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kimberly K. Underhill sold 11,715 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $148.00, for a total transaction of $1,733,820.00. Following the sale, the insider now owns 44,773 shares in the company, valued at $6,626,404. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.
KMB has been the subject of several recent research reports. TheStreet upgraded Kimberly Clark from a “c+” rating to an “a-” rating in a report on Thursday, July 23rd. Jefferies Financial Group upped their target price on shares of Kimberly Clark from $165.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley raised their price target on shares of Kimberly Clark from $146.00 to $160.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kimberly Clark from $151.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Kimberly Clark has a consensus rating of “Hold” and a consensus price target of $150.10.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
Read More: Stock Selection – What is cash flow?
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.