Neville Rodie & Shaw Inc. decreased its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,115 shares of the company’s stock after selling 25 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Kimberly-Clark Corporation were worth $2,081,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after purchasing an additional 34 shares during the period. Heritage Trust Co bought a new stake in Kimberly-Clark Corporation during the 1st quarter valued at approximately $118,000. Acrospire Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 125.0% during the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 500 shares during the period. Armbruster Capital Management Inc. boosted its stake in Kimberly-Clark Corporation by 38.5% during the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 250 shares during the period. Finally, Sterling Investment Advisors Ltd. boosted its stake in Kimberly-Clark Corporation by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 70.10% of the company’s stock.
In related news, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the purchase, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company’s stock.
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Kimberly-Clark Corporation (NYSE:KMB) traded up 0.22% during trading on Friday, hitting $121.10. The company had a trading volume of 2,548,470 shares. The stock has a 50-day moving average of $121.55 and a 200 day moving average of $127.86. The company has a market capitalization of $42.78 billion, a price-to-earnings ratio of 20.22 and a beta of 0.78. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the prior year, the business earned $1.53 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.
Several analysts recently weighed in on KMB shares. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the company a “sell” rating in a research note on Friday, July 7th. Royal Bank Of Canada restated a “sector perform” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, Jefferies Group LLC restated a “hold” rating and set a $119.00 target price on shares of Kimberly-Clark Corporation in a research note on Thursday, September 7th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and an average target price of $132.07.
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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