Kimberly-Clark Corporation (KMB) Shares Bought by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. raised its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 16.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,484,548 shares of the company’s stock after acquiring an additional 206,302 shares during the period. PNC Financial Services Group Inc. owned approximately 0.42% of Kimberly-Clark Corporation worth $195,411,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted 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 acquiring an additional 34 shares during the period. Heritage Trust Co bought a new position in Kimberly-Clark Corporation during the 1st quarter valued at about $118,000. Acrospire Investment Management LLC lifted 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 acquiring an additional 500 shares during the period. Armbruster Capital Management Inc. lifted 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 acquiring an additional 250 shares during the period. Finally, Clean Yield Group bought a new position in Kimberly-Clark Corporation during the 1st quarter valued at about $145,000. Institutional investors and hedge funds own 70.10% of the company’s stock.
Kimberly-Clark Corporation (KMB) traded down 0.06% during midday trading on Monday, reaching $123.21. 1,073,568 shares of the company traded hands. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The stock has a market capitalization of $43.53 billion, a P/E ratio of 20.57 and a beta of 0.78. The firm has a 50-day moving average of $122.58 and a 200-day moving average of $128.53.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current 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 given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
In related news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.
KMB has been the topic of several research analyst reports. Jefferies Group LLC restated a “hold” rating and set a $133.00 target price on shares of Kimberly-Clark Corporation in a research note on Wednesday, May 31st. Berenberg Bank assumed coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a “hold” rating and a $136.00 price target for the company. Goldman Sachs Group, Inc. (The) set a $157.00 price target on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Citigroup Inc set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a research report on Friday, July 7th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. Kimberly-Clark Corporation currently has an average rating of “Hold” and an average price target of $133.07.
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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