Salem Capital Management Inc. lessened its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,900 shares of the company’s stock after selling 100 shares during the quarter. Salem Capital Management Inc.’s holdings in Kimberly-Clark Corporation were worth $1,020,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital One National Association raised its stake in shares of Kimberly-Clark Corporation by 3.1% during the 2nd quarter. Capital One National Association now owns 21,323 shares of the company’s stock worth $2,753,000 after acquiring an additional 633 shares in the last quarter. BKD Wealth Advisors LLC raised its stake in shares of Kimberly-Clark Corporation by 1.0% during the 2nd quarter. BKD Wealth Advisors LLC now owns 4,818 shares of the company’s stock worth $622,000 after acquiring an additional 49 shares in the last quarter. Fox Run Management L.L.C. raised its stake in shares of Kimberly-Clark Corporation by 66.7% during the 2nd quarter. Fox Run Management L.L.C. now owns 5,500 shares of the company’s stock worth $710,000 after acquiring an additional 2,200 shares in the last quarter. First Command Bank raised its stake in shares of Kimberly-Clark Corporation by 87.1% during the 2nd quarter. First Command Bank now owns 9,194 shares of the company’s stock worth $1,187,000 after acquiring an additional 4,280 shares in the last quarter. Finally, Burns J W & Co. Inc. NY raised its stake in shares of Kimberly-Clark Corporation by 1.5% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 17,847 shares of the company’s stock worth $2,304,000 after acquiring an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) traded up 0.22% during mid-day trading on Friday, hitting $121.10. 2,548,470 shares of the stock were exchanged. The company has a 50 day moving average price of $121.55 and a 200 day moving average price of $127.86. The firm has a market cap of $42.78 billion, a price-to-earnings ratio of 20.22 and a beta of 0.78. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting analysts’ consensus estimates of $1.49. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 EPS. On average, analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.20%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
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Several research analysts recently commented on KMB shares. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of 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 price target 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 assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $132.07.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, with a total value of $183,315.00. Following the acquisition, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation 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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