Heritage Investors Management Corp trimmed its stake in Kimberly-Clark Corporation (NYSE:KMB) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,887 shares of the company’s stock after selling 395 shares during the quarter. Heritage Investors Management Corp’s holdings in Kimberly-Clark Corporation were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of Kimberly-Clark Corporation during the 1st quarter valued at approximately $93,657,000. APG Asset Management N.V. lifted its stake in shares of Kimberly-Clark Corporation by 103.7% during the 1st quarter. APG Asset Management N.V. now owns 1,088,844 shares of the company’s stock valued at $143,325,000 after buying an additional 554,200 shares in the last quarter. FMR LLC lifted its stake in shares of Kimberly-Clark Corporation by 23.4% during the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after buying an additional 491,121 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Kimberly-Clark Corporation by 35.0% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,659,203 shares of the company’s stock valued at $218,401,000 after buying an additional 429,763 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Kimberly-Clark Corporation by 40.1% during the 1st quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock valued at $197,742,000 after buying an additional 429,680 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.
In other news, Director Robert W. Decherd purchased 1,500 shares of the stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the acquisition, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by insiders.
A number of brokerages recently commented on KMB. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and set a $133.00 price target on shares of Kimberly-Clark Corporation in a research note on Wednesday, May 31st. Berenberg Bank began coverage on shares of Kimberly-Clark Corporation in a research note on Friday, June 9th. They set a “hold” rating and a $136.00 price target on the stock. Finally, Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $132.07.
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Kimberly-Clark Corporation (NYSE:KMB) traded down 0.11% during mid-day trading on Tuesday, reaching $121.74. 392,333 shares of the company’s stock traded hands. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The stock has a 50 day moving average of $121.53 and a 200 day moving average of $127.70. The company has a market cap of $43.01 billion, a P/E ratio of 20.33 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
Kimberly-Clark Corporation Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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