Schulhoff & Co. Inc. increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 0.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,764 shares of the company’s stock after purchasing an additional 80 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Kimberly-Clark were worth $1,818,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Bivin & Associates Inc. acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $26,000. HWG Holdings LP acquired a new stake in Kimberly-Clark during the 4th quarter valued at approximately $29,000. Lumature Wealth Partners LLC increased its holdings in Kimberly-Clark by 66.4% during the 4th quarter. Lumature Wealth Partners LLC now owns 208 shares of the company’s stock worth $30,000 after purchasing an additional 83 shares during the last quarter. Roble Belko & Company Inc increased its holdings in Kimberly-Clark by 69.5% during the 1st quarter. Roble Belko & Company Inc now owns 256 shares of the company’s stock worth $32,000 after purchasing an additional 105 shares during the last quarter. Finally, DeDora Capital Inc. acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 74.32% of the company’s stock.
Insider Buying and Selling at Kimberly-Clark
In other news, CEO Michael D. Hsu sold 41,698 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $140.08, for a total value of $5,841,055.84. Following the completion of the transaction, the chief executive officer now directly owns 89,593 shares in the company, valued at $12,550,187.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is owned by corporate insiders.
Kimberly-Clark Stock Performance
Kimberly-Clark (NYSE:KMB – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.47 earnings per share. On average, analysts expect that Kimberly-Clark Co. will post 5.64 earnings per share for the current year.
Kimberly-Clark Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be given a $1.16 dividend. The ex-dividend date is Thursday, September 8th. This represents a $4.64 dividend on an annualized basis and a yield of 3.48%. Kimberly-Clark’s dividend payout ratio is presently 87.71%.
Analyst Ratings Changes
A number of analysts recently issued reports on KMB shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $130.00 to $138.00 in a research note on Monday, April 25th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. Barclays cut their price objective on Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Monday, May 23rd. UBS Group lifted their target price on Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, Wells Fargo & Company upped their price target on Kimberly-Clark from $128.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $131.14.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
- Get a free copy of the StockNews.com research report on Kimberly-Clark (KMB)
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