Cornell Pochily Investment Advisors Inc. boosted its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 5.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,157 shares of the company’s stock after acquiring an additional 381 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Kimberly Clark were worth $954,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Horan Capital Advisors LLC. bought a new position in shares of Kimberly Clark in the first quarter valued at $25,000. HMS Capital Management LLC bought a new position in shares of Kimberly Clark in the second quarter valued at $28,000. Weaver Consulting Group bought a new position in shares of Kimberly Clark in the first quarter valued at $38,000. Penserra Capital Management LLC bought a new position in shares of Kimberly Clark in the first quarter valued at $40,000. Finally, Ellis Investment Partners LLC bought a new position in shares of Kimberly Clark in the first quarter valued at $41,000. 71.62% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. Deutsche Bank raised their price target on shares of Kimberly Clark from $113.00 to $122.00 and gave the company a “sell” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. raised their price target on shares of Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley raised their price target on shares of Kimberly Clark from $145.00 to $147.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. ValuEngine lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Co restated a “hold” rating and set 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 given a hold rating and six have assigned a buy rating to the company’s stock. Kimberly Clark presently has an average rating of “Hold” and a consensus target price of $129.67.
In other news, insider Kimberly K. Underhill sold 23,785 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $131.05, for a total value of $3,117,024.25. Following the transaction, the insider now owns 51,307 shares in the company, valued at approximately $6,723,782.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Achal Agarwal sold 8,947 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $139.50, for a total transaction of $1,248,106.50. Following the completion of the transaction, the insider now owns 57,103 shares in the company, valued at approximately $7,965,868.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,433 shares of company stock worth $6,599,379. 0.85% of the stock is currently owned by company insiders.
Shares of KMB opened at $139.27 on Friday. The company has a debt-to-equity ratio of 134.02, a quick ratio of 0.53 and a current ratio of 0.81. The firm has a 50 day moving average price of $136.82 and a 200-day moving average price of $127.49. The firm has a market cap of $47.98 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.73 and a beta of 0.56. Kimberly Clark Corp has a fifty-two week low of $100.32 and a fifty-two week high of $140.65.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.03. The business had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 EPS. As a group, equities research analysts predict that Kimberly Clark Corp will post 6.8 earnings per share for the current 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 $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, September 5th. Kimberly Clark’s payout ratio is 62.33%.
Kimberly Clark Company 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.
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.