Sunbelt Securities Inc. lowered its position in shares of Kimberly Clark Corp (NYSE:KMB) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,705 shares of the company’s stock after selling 456 shares during the quarter. Kimberly Clark comprises 1.0% of Sunbelt Securities Inc.’s portfolio, making the stock its 25th largest position. Sunbelt Securities Inc.’s holdings in Kimberly Clark were worth $2,360,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Horan Capital Advisors LLC. acquired a new stake in Kimberly Clark during the first quarter valued at approximately $25,000. HMS Capital Management LLC acquired a new stake in shares of Kimberly Clark during the 2nd quarter worth approximately $28,000. Manchester Financial Inc. acquired a new stake in shares of Kimberly Clark during the 2nd quarter worth approximately $34,000. Weaver Consulting Group acquired a new stake in shares of Kimberly Clark during the 1st quarter worth approximately $38,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Kimberly Clark during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 71.62% of the company’s stock.
In other Kimberly Clark news, insider Achal Agarwal sold 8,947 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 57,103 shares in the company, valued at $7,965,868.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Aaron Powell sold 3,964 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were 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 in the company, valued at $797,351. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,281 shares of company stock valued at $8,768,727. 0.85% of the stock is owned by corporate insiders.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period last year, the company earned $1.59 earnings per share. Kimberly Clark’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts anticipate that Kimberly Clark Corp will post 6.8 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $4.12 annualized dividend and a dividend yield of 2.99%. Kimberly Clark’s dividend payout ratio is 62.33%.
KMB has been the subject of a number of recent analyst reports. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a report on Thursday, April 25th. ValuEngine lowered Kimberly Clark from a “buy” rating to a “hold” rating in a report 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. Atlantic Securities raised Kimberly Clark from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 24th. Finally, Citigroup increased their price target on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Kimberly Clark presently has a consensus rating of “Hold” and an average price target 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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