FTB Advisors Inc. increased its holdings in Kimberly Clark Corp (NYSE:KMB) by 62.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,520 shares of the company’s stock after buying an additional 964 shares during the period. FTB Advisors Inc.’s holdings in Kimberly Clark were worth $265,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of KMB. Gables Capital Management Inc. purchased a new stake in shares of Kimberly Clark in the first quarter worth $115,000. Centerpoint Advisors LLC raised its position in shares of Kimberly Clark by 999.0% in the first quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock worth $121,000 after buying an additional 999 shares in the last quarter. Lee Financial Co raised its position in shares of Kimberly Clark by 313.8% in the first quarter. Lee Financial Co now owns 1,167 shares of the company’s stock worth $128,000 after buying an additional 885 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of Kimberly Clark in the first quarter worth $152,000. Finally, Shamrock Asset Management LLC raised its position in shares of Kimberly Clark by 44.1% in the first quarter. Shamrock Asset Management LLC now owns 1,598 shares of the company’s stock worth $167,000 after buying an additional 489 shares in the last quarter. Institutional investors own 74.22% of the company’s stock.
In other news, SVP Jeffrey P. Melucci sold 330 shares of the firm’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $105.97, for a total transaction of $34,970.10. Following the transaction, the senior vice president now directly owns 5,132 shares of the company’s stock, valued at $543,838.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sandra Macquillan sold 3,045 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $105.63, for a total value of $321,643.35. Following the transaction, the senior vice president now directly owns 5,642 shares in the company, valued at $595,964.46. The disclosure for this sale can be found here. Insiders have sold 10,920 shares of company stock worth $1,229,426 in the last 90 days. Company insiders own 0.64% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Deutsche Bank increased their price objective on Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research report on Thursday. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. JPMorgan Chase & Co. upgraded Kimberly Clark from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $90.00 to $86.00 in a research report on Thursday. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Societe Generale downgraded Kimberly Clark from a “buy” rating to a “hold” rating and lowered their price target for the company from $124.00 to $116.00 in a research report on Wednesday. Three analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $107.00.
NYSE KMB opened at $119.56 on Friday. Kimberly Clark Corp has a twelve month low of $97.10 and a twelve month high of $124.15. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 32.28. The stock has a market cap of $38.27 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.36 and a beta of 0.72.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the business posted $1.49 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. analysts predict that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, September 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.35%. Kimberly Clark’s payout ratio is 64.21%.
Kimberly Clark Company 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.
Further Reading: Leveraged Buyout (LBO) Explained
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