Bridges Investment Counsel Inc. increased its stake in Kimberly-Clark Corporation (NYSE:KMB) by 132.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,845 shares of the company’s stock after buying an additional 5,610 shares during the period. Bridges Investment Counsel Inc.’s holdings in Kimberly-Clark Corporation were worth $1,271,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of KMB. Financial Architects Inc raised its position in Kimberly-Clark Corporation by 2.0% in the second quarter. Financial Architects Inc now owns 3,060 shares of the company’s stock valued at $395,000 after buying an additional 61 shares in the last quarter. APG Asset Management N.V. raised its position in Kimberly-Clark Corporation by 85.3% in the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after buying an additional 929,300 shares in the last quarter. Forsta AP Fonden raised its position in Kimberly-Clark Corporation by 69.4% in the second quarter. Forsta AP Fonden now owns 79,811 shares of the company’s stock valued at $10,304,000 after buying an additional 32,700 shares in the last quarter. Ipswich Investment Management Co. Inc. bought a new position in Kimberly-Clark Corporation during the second quarter valued at about $279,000. Finally, Wright Investors Service Inc. raised its position in Kimberly-Clark Corporation by 42.1% in the second quarter. Wright Investors Service Inc. now owns 6,738 shares of the company’s stock valued at $870,000 after buying an additional 1,995 shares in the last quarter. 70.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 0.39% during trading on Friday, reaching $121.80. The company’s stock had a trading volume of 482,621 shares. The firm’s 50-day moving average is $123.94 and its 200-day moving average is $128.51. The stock has a market capitalization of $43.03 billion, a PE ratio of 20.34 and a beta of 0.76. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period last year, the business posted $1.53 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Equities analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
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Several equities analysts have recently issued reports on the company. Citigroup Inc. reaffirmed a “neutral” rating and issued a $131.00 price target (down previously from $132.00) on shares of Kimberly-Clark Corporation in a research report on Friday, August 11th. BidaskClub lowered Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. UBS AG reaffirmed a “neutral” rating and issued a $119.00 price target (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $121.00 price target on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $133.07.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction 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 purchase, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sergio Cruz sold 7,078 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the completion of the sale, the insider now owns 4,910 shares of the company’s stock, valued at $638,349.10. The disclosure for this sale can be found here. Company 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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