Kimberly-Clark Corporation (KMB) Shares Sold by Heritage Investors Management Corp

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.

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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