Level Four Advisory Services LLC increased its stake in Kimberly-Clark Corporation (NYSE:KMB) by 28.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,978 shares of the company’s stock after buying an additional 1,317 shares during the period. Level Four Advisory Services LLC’s holdings in Kimberly-Clark Corporation were worth $787,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in shares of Kimberly-Clark Corporation by 1.3% in the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock valued at $2,323,785,000 after buying an additional 225,993 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Kimberly-Clark Corporation during the first quarter valued at approximately $1,002,000. Keel Point LLC bought a new position in shares of Kimberly-Clark Corporation during the first quarter valued at approximately $229,000. Oppenheimer Asset Management Inc. bought a new position in shares of Kimberly-Clark Corporation during the first quarter valued at approximately $12,159,000. Finally, Logan Capital Management Inc. raised its position in shares of Kimberly-Clark Corporation by 0.6% in the first quarter. Logan Capital Management Inc. now owns 25,442 shares of the company’s stock valued at $3,349,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 70.62% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded up 0.10% during midday trading on Friday, hitting $121.19. 230,370 shares of the company’s stock were exchanged. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The stock has a market cap of $42.82 billion, a PE ratio of 20.24 and a beta of 0.76. The stock’s 50 day moving average is $125.40 and its 200-day moving average is $128.48.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the company posted $1.53 earnings per share. Kimberly-Clark Corporation’s revenue was down .7% compared to the same quarter last year. Analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.97 per share. 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 currently 64.88%.
Several brokerages have recently commented on KMB. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. UBS AG restated a “neutral” rating and issued a $119.00 price objective (down from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $133.14.
In other news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation 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 completion of the transaction, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sergio Cruz sold 7,078 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now directly owns 4,910 shares in the company, valued at $638,349.10. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
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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