Armbruster Capital Management Inc. lifted its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 15.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,043 shares of the company’s stock after acquiring an additional 143 shares during the quarter. Armbruster Capital Management Inc.’s holdings in Kimberly-Clark Corporation were worth $135,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Kimberly-Clark Corporation by 1.3% during the 1st quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after acquiring an additional 225,993 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Kimberly-Clark Corporation by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after acquiring an additional 207,316 shares during the period. FMR LLC grew its stake in shares of Kimberly-Clark Corporation by 23.4% during the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after acquiring an additional 491,121 shares during the period. APG Asset Management N.V. grew its stake in shares of Kimberly-Clark Corporation by 85.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after acquiring an additional 929,300 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Kimberly-Clark Corporation by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after acquiring an additional 68,776 shares during the period. Institutional investors own 70.08% of the company’s stock.
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In related news, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 115.39 on Monday. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm has a 50 day moving average price of $119.89 and a 200 day moving average price of $126.19. The stock has a market cap of $40.77 billion, a PE ratio of 19.27 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.36%. The ex-dividend date was Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
Several research firms have recently weighed in on KMB. Zacks Investment Research downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th. BidaskClub downgraded Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus target price of $130.93.
Kimberly-Clark Corporation 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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