Veriti Management LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,055 shares of the company's stock after purchasing an additional 767 shares during the quarter. Veriti Management LLC's holdings in Kimberly-Clark were worth $1,494,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Financial Sense Advisors Inc. purchased a new position in Kimberly-Clark during the second quarter worth approximately $1,759,000. Western Wealth Management LLC boosted its position in Kimberly-Clark by 8.9% during the second quarter. Western Wealth Management LLC now owns 4,783 shares of the company's stock worth $642,000 after purchasing an additional 390 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV purchased a new position in shares of Kimberly-Clark in the second quarter valued at approximately $213,000. Wolff Wiese Magana LLC lifted its position in shares of Kimberly-Clark by 1.0% in the second quarter. Wolff Wiese Magana LLC now owns 10,705 shares of the company's stock valued at $1,447,000 after acquiring an additional 106 shares in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its position in shares of Kimberly-Clark by 4.4% in the second quarter. Joel Isaacson & Co. LLC now owns 4,760 shares of the company's stock valued at $643,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 74.36% of the company's stock.
Get Kimberly-Clark alerts:Kimberly-Clark Stock Performance
Shares of Kimberly-Clark stock opened at $120.29 on Monday. Kimberly-Clark Co. has a one year low of $117.32 and a one year high of $145.79. The company has a market cap of $40.61 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 4.16 and a beta of 0.31. The company has a debt-to-equity ratio of 10.37, a quick ratio of 0.47 and a current ratio of 0.79. The business's 50 day moving average price is $130.26 and its 200 day moving average price is $130.24.
Kimberly-Clark (NYSE:KMB – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.01). The company had revenue of $5.06 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $1.47 EPS. On average, research analysts predict that Kimberly-Clark Co. will post 5.64 EPS for the current year.Kimberly-Clark Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be paid a dividend of $1.16 per share. The ex-dividend date is Thursday, September 8th. This represents a $4.64 annualized dividend and a yield of 3.86%. Kimberly-Clark's dividend payout ratio (DPR) is 87.71%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. UBS Group raised their target price on Kimberly-Clark from $136.00 to $142.00 and gave the company a "neutral" rating in a research report on Wednesday, July 27th. StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Friday, July 22nd. Finally, Bank of America assumed coverage on Kimberly-Clark in a research report on Wednesday, September 14th. They issued a "neutral" rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark has an average rating of "Hold" and an average price target of $131.15.
Kimberly-Clark Profile
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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.
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