Toth Financial Advisory Corp Grows Holdings in Kimberly Clark Corp (NYSE:KMB)
Toth Financial Advisory Corp increased its position in Kimberly Clark Corp (NYSE:KMB) by 13.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 29,143 shares of the company’s stock after buying an additional 3,351 shares during the quarter. Toth Financial Advisory Corp’s holdings in Kimberly Clark were worth $4,119,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Kimberly Clark by 0.4% in the 1st quarter. Geode Capital Management LLC now owns 5,788,760 shares of the company’s stock worth $739,255,000 after acquiring an additional 22,460 shares in the last quarter. Bank of America Corp DE grew its holdings in Kimberly Clark by 1.3% during the 4th quarter. Bank of America Corp DE now owns 5,290,269 shares of the company’s stock valued at $727,675,000 after buying an additional 67,972 shares in the last quarter. Norges Bank purchased a new stake in Kimberly Clark during the 4th quarter valued at approximately $526,300,000. Legal & General Group Plc grew its holdings in Kimberly Clark by 3.2% during the 1st quarter. Legal & General Group Plc now owns 2,561,945 shares of the company’s stock valued at $327,767,000 after buying an additional 79,597 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Kimberly Clark by 10.3% during the 1st quarter. AQR Capital Management LLC now owns 2,381,800 shares of the company’s stock valued at $304,560,000 after buying an additional 221,466 shares in the last quarter. 71.05% of the stock is owned by institutional investors.
A number of brokerages have issued reports on KMB. Jefferies Financial Group increased their price objective on shares of Kimberly Clark from $149.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Goldman Sachs Group raised shares of Kimberly Clark to a “hold” rating in a report on Monday, March 30th. Morgan Stanley increased their price objective on shares of Kimberly Clark from $133.00 to $146.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Barclays reiterated a “buy” rating and set a $143.00 target price on shares of Kimberly Clark in a research report on Tuesday, April 7th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $149.00 target price on shares of Kimberly Clark in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $146.70.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.15. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.84 billion. Kimberly Clark had a return on equity of 2,686.77% and a net margin of 12.55%. Kimberly Clark’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. As a group, equities research analysts expect that Kimberly Clark Corp will post 7.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were given a $1.07 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $4.28 dividend on an annualized basis and a yield of 2.97%. Kimberly Clark’s dividend payout ratio is presently 62.12%.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 4,679 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $139.00, for a total value of $650,381.00. Following the sale, the insider now owns 42,643 shares in the company, valued at $5,927,377. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP J. Scott Boston sold 13,388 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $141.00, for a total value of $1,887,708.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,536 shares of company stock worth $5,969,866. Insiders own 0.72% of the company’s stock.
About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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