Kimberly-Clark Corporation (NYSE:KMB) Position Lowered by Schmidt P J Investment Management Inc.
Schmidt P J Investment Management Inc. cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,779 shares of the company’s stock after selling 35 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Kimberly-Clark Corporation were worth $617,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of KMB. Tortoise Investment Management LLC boosted its position in Kimberly-Clark Corporation 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 during the period. Acrospire Investment Management LLC boosted its position in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. boosted its position in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the period. Heritage Trust Co bought a new position in Kimberly-Clark Corporation during the first quarter valued at about $118,000. Finally, V Wealth Management LLC bought a new position in Kimberly-Clark Corporation during the second quarter valued at about $123,000. Institutional investors and hedge funds own 70.62% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 0.36% during midday trading on Friday, hitting $120.64. 1,074,056 shares of the company traded hands. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The stock has a market capitalization of $42.62 billion, a P/E ratio of 20.14 and a beta of 0.76. The stock’s 50-day moving average is $125.09 and its 200 day moving average is $128.50.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.49. The firm had revenue of $4.55 billion during 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 business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.53 earnings per share. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
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Several research analysts have recently issued reports on KMB shares. TheStreet upgraded shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a report on Wednesday, April 26th. 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. Berenberg Bank started coverage on shares of Kimberly-Clark Corporation in a report on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $133.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, May 31st. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $133.07.
In related news, insider Sergio Cruz sold 7,078 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 4,910 shares in the company, valued at $638,349.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Decherd acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the acquisition, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.
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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