DeDora Capital Inc. bought a new stake in shares of Kimberly Clark Corp (NYSE:KMB) during the 3rd quarter, Holdings Channel reports. The fund bought 2,084 shares of the company’s stock, valued at approximately $237,000.
Other large investors also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in shares of Kimberly Clark during the second quarter valued at approximately $40,577,000. PVG Asset Management Corp boosted its position in shares of Kimberly Clark by 159.8% during the second quarter. PVG Asset Management Corp now owns 10,783 shares of the company’s stock valued at $1,135,000 after buying an additional 6,633 shares during the last quarter. Cleararc Capital Inc. boosted its position in shares of Kimberly Clark by 254.1% during the second quarter. Cleararc Capital Inc. now owns 31,751 shares of the company’s stock valued at $3,345,000 after buying an additional 22,784 shares during the last quarter. MAI Capital Management boosted its position in shares of Kimberly Clark by 22.7% during the second quarter. MAI Capital Management now owns 3,206 shares of the company’s stock valued at $338,000 after buying an additional 593 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in shares of Kimberly Clark by 87.7% during the second quarter. Centaurus Financial Inc. now owns 3,854 shares of the company’s stock valued at $406,000 after buying an additional 1,801 shares during the last quarter. 73.97% of the stock is currently owned by institutional investors.
In other news, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total transaction of $756,256.30. Following the transaction, the insider now owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aaron Powell sold 1,100 shares of the company’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total value of $116,556.00. Following the transaction, the insider now directly owns 1,117 shares in the company, valued at approximately $118,357.32. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.
KMB stock traded up $0.75 during midday trading on Friday, hitting $110.23. The company’s stock had a trading volume of 4,250,700 shares, compared to its average volume of 2,344,424. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 32.28. Kimberly Clark Corp has a 1 year low of $97.10 and a 1 year high of $123.77. The stock has a market cap of $37.83 billion, a P/E ratio of 18.02, a P/E/G ratio of 2.52 and a beta of 0.70.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the previous year, the firm earned $1.49 earnings per share. The business’s revenue was up .6% on a year-over-year basis. As a group, analysts forecast that Kimberly Clark Corp will post 6.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.63%. Kimberly Clark’s dividend payout ratio is presently 64.21%.
Several brokerages recently issued reports on KMB. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research cut Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Societe Generale cut Kimberly Clark from a “buy” rating to a “hold” rating and cut their target price for the company from $124.00 to $116.00 in a research report on Wednesday, August 15th. Barclays set a $104.00 price objective on Kimberly Clark and gave the stock a “hold” rating in a research report on Monday, October 1st. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $96.00 price objective on shares of Kimberly Clark in a research report on Friday, July 13th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $105.43.
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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