First Business Financial Services Inc. purchased a new position in Kimberly Clark Corp (NYSE:KMB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,414 shares of the company’s stock, valued at approximately $322,000.
Several other large investors also recently modified their holdings of the company. Comerica Securities Inc. lifted its position in shares of Kimberly Clark by 27.8% in the fourth quarter. Comerica Securities Inc. now owns 8,816 shares of the company’s stock worth $1,011,000 after buying an additional 1,919 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kimberly Clark by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock worth $470,390,000 after buying an additional 308,810 shares during the last quarter. ELM Advisors LLC lifted its position in shares of Kimberly Clark by 11.6% in the first quarter. ELM Advisors LLC now owns 2,977 shares of the company’s stock worth $369,000 after buying an additional 310 shares during the last quarter. Montecito Bank & Trust increased its stake in shares of Kimberly Clark by 8.3% in the first quarter. Montecito Bank & Trust now owns 5,347 shares of the company’s stock worth $662,000 after purchasing an additional 410 shares during the period. Finally, Legacy Advisors LLC bought a new position in shares of Kimberly Clark in the first quarter worth about $118,000. 71.45% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Aaron Powell sold 6,986 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $127.02, for a total transaction of $887,361.72. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Sandra Macquillan sold 5,385 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $126.15, for a total value of $679,317.75. Following the transaction, the senior vice president now owns 15,814 shares in the company, valued at $1,994,936.10. The disclosure for this sale can be found here. Insiders have sold 123,089 shares of company stock worth $15,864,805 over the last 90 days. Corporate insiders own 0.85% of the company’s stock.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.03. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts expect that Kimberly Clark Corp will post 6.8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.03%. Kimberly Clark’s dividend payout ratio is 62.33%.
A number of equities analysts have recently commented on KMB shares. Morgan Stanley lifted their price objective on Kimberly Clark from $145.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Atlantic Securities upgraded Kimberly Clark from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 24th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Sunday, July 28th. Citigroup lifted their price objective on Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a research note on Tuesday, April 23rd. Finally, ValuEngine lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $128.81.
About Kimberly Clark
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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