Wedbush Securities Inc. cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 11.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,942 shares of the company’s stock after selling 749 shares during the period. Wedbush Securities Inc.’s holdings in Kimberly-Clark Corporation were worth $782,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of KMB. FormulaFolio Investments LLC increased its stake in shares of Kimberly-Clark Corporation by 3.4% in the first quarter. FormulaFolio Investments LLC now owns 3,219 shares of the company’s stock valued at $424,000 after buying an additional 105 shares during the last quarter. Endurance Wealth Management Inc. boosted its position in Kimberly-Clark Corporation by 0.7% in the first quarter. Endurance Wealth Management Inc. now owns 16,901 shares of the company’s stock valued at $2,225,000 after buying an additional 125 shares during the period. Smith Salley & Associates boosted its position in Kimberly-Clark Corporation by 41.9% in the first quarter. Smith Salley & Associates now owns 22,994 shares of the company’s stock valued at $3,026,000 after buying an additional 6,795 shares during the period. First Foundation Advisors bought a new position in Kimberly-Clark Corporation during the first quarter valued at $575,000. Finally, Karp Capital Management Corp bought a new position in Kimberly-Clark Corporation during the first quarter valued at $31,996,000. 70.05% of the stock is owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (NYSE KMB) opened at 126.80 on Monday. The company has a market capitalization of $45.00 billion, a price-to-earnings ratio of 20.92 and a beta of 0.78. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.87. The company’s 50-day moving average is $129.69 and its 200-day moving average is $126.77.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings data on Monday, April 24th. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.50 billion. Kimberly-Clark Corporation had a net margin of 11.99% and a return on equity of 602.48%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. On average, analysts expect that Kimberly-Clark Corporation will post $6.28 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.06%. The ex-dividend date was Wednesday, June 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.13%.
Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $122.00 price target (down previously from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday. Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday. Vetr upgraded shares of Kimberly-Clark Corporation from a “strong sell” rating to a “hold” rating and set a $134.50 price target for the company in a report on Monday, March 13th. Finally, Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $134.38.
In other news, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the sale, the senior vice president now directly owns 23,543 shares in the company, valued at $3,016,093.73. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Sandra Macquillan sold 5,081 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $129.82, for a total value of $659,615.42. Following the sale, the senior vice president now owns 5,364 shares in the company, valued at $696,354.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,267 shares of company stock worth $4,155,862. Insiders own 0.56% of the company’s stock.
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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