Leisure Capital Management reduced its stake in Kimberly Clark Corp (NYSE:KMB) by 11.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,668 shares of the company’s stock after selling 2,089 shares during the period. Kimberly Clark Corp makes up approximately 1.8% of Leisure Capital Management’s holdings, making the stock its 19th largest position. Leisure Capital Management’s holdings in Kimberly Clark Corp were worth $2,062,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KMB. Tortoise Investment Management LLC raised its position in shares of Kimberly Clark Corp 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 buying an additional 34 shares in the last quarter. Acrospire Investment Management LLC raised its position in Kimberly Clark Corp 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 period. Armbruster Capital Management Inc. raised its position in Kimberly Clark Corp 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 period. Heritage Trust Co bought a new position in Kimberly Clark Corp during the first quarter worth $118,000. Finally, Clean Yield Group bought a new position in Kimberly Clark Corp during the first quarter worth $145,000. 70.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Kimberly Clark Corp (KMB) traded up 0.27% during mid-day trading on Monday, reaching $121.72. The company’s stock had a trading volume of 110,998 shares. The firm’s 50 day moving average is $123.72 and its 200 day moving average is $128.52. Kimberly Clark Corp has a one year low of $111.30 and a one year high of $136.21. The firm has a market cap of $43.00 billion, a PE ratio of 20.32 and a beta of 0.76.
Kimberly Clark Corp (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the consensus estimate of $1.49. Kimberly Clark Corp had a net margin of 11.29% and a return on equity of 1,789.78%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period in the prior year, the company earned $1.53 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. On average, equities analysts anticipate that Kimberly Clark Corp will post $6.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly Clark Corp’s payout ratio is 64.88%.
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KMB has been the subject of a number of analyst reports. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly Clark Corp in a research report on Thursday, July 27th. Citigroup Inc. set a $134.00 price objective on Kimberly Clark Corp and gave the company a “sell” rating in a research report on Friday, July 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $121.00 price objective on shares of Kimberly Clark Corp in a research report on Wednesday, July 26th. Zacks Investment Research lowered Kimberly Clark Corp from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, BidaskClub lowered Kimberly Clark Corp from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. Kimberly Clark Corp has a consensus rating of “Hold” and an average target price of $133.07.
In other Kimberly Clark Corp news, Director Robert W. Decherd acquired 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sergio Cruz sold 7,078 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the completion of the sale, the insider now owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.
Kimberly Clark Corp Company Profile
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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