Pettee Investors Inc. held its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,663 shares of the company’s stock at the end of the first quarter. Pettee Investors Inc.’s holdings in Kimberly-Clark Corporation were worth $614,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Acrospire Investment Management LLC raised 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 worth $118,000 after buying an additional 500 shares during the last quarter. Armbruster Capital Management Inc. raised 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 worth $118,000 after buying an additional 250 shares during the last quarter. Clean Yield Group bought a new stake in shares of Kimberly-Clark Corporation during the first quarter worth $145,000. Mosaic Family Wealth LLC raised its stake in shares of Kimberly-Clark Corporation by 9.4% in the first quarter. Mosaic Family Wealth LLC now owns 1,110 shares of the company’s stock worth $146,000 after buying an additional 95 shares during the last quarter. Finally, Pinnacle Bank bought a new stake in shares of Kimberly-Clark Corporation during the first quarter worth $162,000. Institutional investors own 70.03% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) opened at 124.69 on Tuesday. The firm’s 50-day moving average is $129.69 and its 200-day moving average is $126.77. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.67. The stock has a market cap of $44.26 billion, a P/E ratio of 20.58 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Monday, April 24th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Kimberly-Clark Corporation had a net margin of 11.99% and a return on equity of 602.48%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 earnings per share. Equities research analysts predict that Kimberly-Clark Corporation will post $6.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th were given a dividend of $0.97 per share. The ex-dividend date was Wednesday, June 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.11%. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.13%.
A number of brokerages recently weighed in on KMB. B. Riley reiterated a “neutral” rating and set a $128.00 price objective on shares of Kimberly-Clark Corporation in a report on Sunday, April 23rd. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report 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 report on Monday, June 19th. Jefferies Group LLC began coverage on shares of Kimberly-Clark Corporation in a report on Tuesday, April 18th. They set a “hold” rating and a $134.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Thursday, March 23rd. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Kimberly-Clark Corporation has an average rating of “Hold” and a consensus price target of $133.36.
In other news, SVP Sandra Macquillan sold 5,081 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $129.82, for a total transaction of $659,615.42. Following the sale, the senior vice president now owns 5,364 shares of the company’s stock, valued at $696,354.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sergio Cruz sold 7,078 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the sale, the insider now directly owns 4,910 shares in the company, valued at approximately $638,349.10. The disclosure for this sale can be found here. Insiders have sold 32,267 shares of company stock worth $4,155,862 in the last three months. Corporate 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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