Oakworth Capital Inc. lessened its stake in Kimberly Clark Corp (NYSE:KMB) by 3.6% in the second quarter, HoldingsChannel reports. The firm owned 3,986 shares of the company’s stock after selling 149 shares during the period. Oakworth Capital Inc.’s holdings in Kimberly Clark were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of KMB. Horan Capital Advisors LLC. bought a new stake in shares of Kimberly Clark during the 1st quarter valued at $25,000. HMS Capital Management LLC bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at $28,000. Manchester Financial Inc. bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at $34,000. Weaver Consulting Group bought a new stake in shares of Kimberly Clark during the 1st quarter valued at $38,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at $40,000. 71.62% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on KMB. Atlantic Securities raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Wells Fargo & Co restated a “hold” rating and set a $130.00 target price on shares of Kimberly Clark in a research note on Tuesday, July 23rd. Argus upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Tuesday, April 23rd. Macquarie upgraded shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $102.00 to $142.00 in a research note on Tuesday, April 23rd. Finally, Barclays restated a “hold” rating on shares of Kimberly Clark in a research note on Sunday, July 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $129.67.
Shares of KMB traded up $1.45 during trading hours on Friday, reaching $140.72. 1,416,900 shares of the stock traded hands, compared to its average volume of 1,735,845. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 134.02. Kimberly Clark Corp has a 52-week low of $100.32 and a 52-week high of $141.71. The company’s 50-day moving average price is $136.95 and its two-hundred day moving average price is $127.56. The company has a market cap of $47.93 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 3.73 and a beta of 0.56.
Kimberly Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. Kimberly Clark’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 EPS. On average, research analysts forecast that Kimberly Clark Corp will post 6.8 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, September 5th. Kimberly Clark’s payout ratio is currently 62.33%.
Kimberly Clark Profile
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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