Tiedemann Wealth Management LLC boosted its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 164.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,399 shares of the company’s stock after buying an additional 3,358 shares during the period. Tiedemann Wealth Management LLC’s holdings in Kimberly-Clark Corporation were worth $711,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the stock. Acrospire Investment Management LLC raised its position in shares of 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. raised its position in shares of 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 purchased a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $118,000. Clean Yield Group purchased a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $145,000. Finally, Mosaic Family Wealth LLC raised its position in shares of Kimberly-Clark Corporation by 9.4% in the first quarter. Mosaic Family Wealth LLC now owns 1,110 shares of the company’s stock valued at $146,000 after buying an additional 95 shares during the period. 70.62% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Corporation (KMB) opened at 120.64 on Friday. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The firm’s 50-day moving average price is $125.09 and its 200-day moving average price is $128.50. The company has a market cap of $42.62 billion, a price-to-earnings ratio of 20.14 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.49. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 earnings per share. Equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.22%. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
Several equities analysts have recently issued reports on KMB shares. TheStreet raised Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. BidaskClub upgraded 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 Kimberly-Clark Corporation and gave the company a “buy” rating in a report on Monday, June 19th. Berenberg Bank started coverage on 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 restated a “hold” rating and issued a $133.00 price target on shares of Kimberly-Clark Corporation in a report on Wednesday, May 31st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently 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 stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total value of $920,210.78. Following the transaction, the insider now owns 4,910 shares of the company’s stock, valued at $638,349.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas J. Mielke sold 20,108 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total value of $2,576,035.88. Following the completion of the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.
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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