Tatro Capital LLC bought a new stake in Kimberly Clark Corp (NYSE:KMB) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,505 shares of the company’s stock, valued at approximately $495,000. Kimberly Clark comprises 0.7% of Tatro Capital LLC’s portfolio, making the stock its 26th largest position.
A number of other hedge funds have also recently bought and sold shares of the business. Ipswich Investment Management Co. Inc. increased its position in Kimberly Clark by 11.1% in the second quarter. Ipswich Investment Management Co. Inc. now owns 4,103 shares of the company’s stock worth $580,000 after buying an additional 410 shares in the last quarter. Nexus Investment Management ULC grew its position in shares of Kimberly Clark by 12.1% during the second quarter. Nexus Investment Management ULC now owns 3,475 shares of the company’s stock worth $491,000 after purchasing an additional 375 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its position in shares of Kimberly Clark by 20.6% during the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,458 shares of the company’s stock worth $489,000 after purchasing an additional 591 shares in the last quarter. Clarius Group LLC grew its position in shares of Kimberly Clark by 11.4% during the second quarter. Clarius Group LLC now owns 2,759 shares of the company’s stock worth $390,000 after purchasing an additional 282 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV grew its position in shares of Kimberly Clark by 11.8% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 1,900 shares of the company’s stock worth $269,000 after purchasing an additional 200 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.
KMB traded up $0.05 on Thursday, reaching $143.40. 119,938 shares of the stock were exchanged, compared to its average volume of 1,583,875. The company’s 50-day moving average price is $139.91 and its 200 day moving average price is $138.39. Kimberly Clark Corp has a fifty-two week low of $110.66 and a fifty-two week high of $149.23. The company has a debt-to-equity ratio of 156.74, a current ratio of 0.87 and a quick ratio of 0.63. The firm has a market capitalization of $48.66 billion, a PE ratio of 20.86, a PEG ratio of 3.71 and a beta of 0.49.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.15. The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Kimberly Clark had a return on equity of 2,686.77% and a net margin of 12.55%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 EPS. As a group, equities analysts forecast that Kimberly Clark Corp will post 7.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a $1.07 dividend. The ex-dividend date was Thursday, June 4th. This represents a $4.28 annualized dividend and a dividend yield of 2.98%. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.12%.
Several equities research analysts have recently issued reports on KMB shares. Barclays reaffirmed a “buy” rating and issued a $143.00 price objective on shares of Kimberly Clark in a research note on Tuesday, April 7th. Goldman Sachs Group raised Kimberly Clark to a “hold” rating in a research note on Monday, March 30th. Deutsche Bank raised their price target on Kimberly Clark from $143.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Jefferies Financial Group raised their price target on Kimberly Clark from $149.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $149.00 price target on shares of Kimberly Clark in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $146.70.
In related news, SVP J. Scott Boston sold 13,388 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $141.00, for a total value of $1,887,708.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly K. Underhill sold 24,469 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $140.25, for a total value of $3,431,777.25. Following the completion of the transaction, the insider now directly owns 57,527 shares of the company’s stock, valued at approximately $8,068,161.75. The disclosure for this sale can be found here. In the last three months, insiders sold 42,536 shares of company stock valued at $5,969,866. Insiders own 0.72% of the company’s stock.
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.
Further Reading: Outperform Rating
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