IHT Wealth Management LLC boosted its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,712 shares of the company’s stock after buying an additional 31 shares during the period. IHT Wealth Management LLC’s holdings in Kimberly-Clark Corporation were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in KMB. Waldron LP acquired a new position in Kimberly-Clark Corporation during the 1st quarter valued at about $255,000. Osborne Partners Capital Management LLC increased its position in Kimberly-Clark Corporation by 0.6% during the 1st quarter. Osborne Partners Capital Management LLC now owns 22,448 shares of the company’s stock valued at $2,955,000 after buying an additional 141 shares in the last quarter. BTIM Corp. increased its position in Kimberly-Clark Corporation by 15.5% during the 1st quarter. BTIM Corp. now owns 27,544 shares of the company’s stock valued at $3,626,000 after buying an additional 3,700 shares in the last quarter. Korea Investment CORP increased its position in Kimberly-Clark Corporation by 264.1% during the 1st quarter. Korea Investment CORP now owns 163,579 shares of the company’s stock valued at $21,532,000 after buying an additional 118,655 shares in the last quarter. Finally, Buckhead Capital Management LLC increased its position in Kimberly-Clark Corporation by 36.7% during the 1st quarter. Buckhead Capital Management LLC now owns 5,552 shares of the company’s stock valued at $731,000 after buying an additional 1,490 shares in the last quarter. 70.10% of the stock is currently owned by institutional investors.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded up 1.223% on Monday, hitting $119.575. The stock had a trading volume of 936,851 shares. The stock has a 50 day moving average price of $121.97 and a 200-day moving average price of $128.26. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The company has a market cap of $42.25 billion, a price-to-earnings ratio of 19.966 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.53 EPS. On average, equities analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
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In other news, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by insiders.
Several research analysts recently issued reports on KMB shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $133.00 target price on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. Berenberg Bank started coverage on Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a “hold” rating and a $136.00 target price on the stock. Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the company a “sell” rating in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $132.86.
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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