Savant Capital LLC lowered its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,588 shares of the company’s stock after selling 202 shares during the period. Savant Capital LLC’s holdings in Kimberly Clark were worth $611,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in KMB. HMS Capital Management LLC bought a new stake in Kimberly Clark in the 2nd quarter valued at $28,000. Manchester Financial Inc. bought a new stake in Kimberly Clark in the 2nd quarter valued at $34,000. Weaver Consulting Group bought a new stake in Kimberly Clark in the 1st quarter valued at $38,000. Penserra Capital Management LLC bought a new stake in Kimberly Clark in the 1st quarter valued at $40,000. Finally, Arcadia Investment Management Corp MI bought a new stake in Kimberly Clark in the 2nd quarter valued at $40,000. Institutional investors own 71.46% of the company’s stock.
In other news, SVP J. Scott Boston sold 4,834 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $136.26, for a total transaction of $658,680.84. Following the completion of the transaction, the senior vice president now directly owns 11,901 shares in the company, valued at $1,621,630.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aaron Powell sold 3,964 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $137.95, for a total value of $546,833.80. Following the transaction, the insider now owns 5,780 shares of the company’s stock, valued at $797,351. The disclosure for this sale can be found here. Insiders have sold 17,745 shares of company stock valued at $2,453,621 over the last 90 days. 0.85% of the stock is owned by corporate insiders.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.64 by $0.03. The firm had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $1.59 earnings per share. On average, equities analysts predict that Kimberly Clark Corp will post 6.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.98%. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.
A number of equities research analysts recently weighed in on KMB shares. JPMorgan Chase & Co. increased their price target on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. ValuEngine cut Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley increased their price target on Kimberly Clark from $145.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a report on Thursday. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $130.00 price objective on shares of Kimberly Clark in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $130.20.
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.
Further Reading: Hold Rating
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