Fiduciary Group LLC lowered its holdings in Kimberly-Clark Corporation (NYSE:KMB) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,549 shares of the company’s stock after selling 38 shares during the quarter. Fiduciary Group LLC’s holdings in Kimberly-Clark Corporation were worth $730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after purchasing an additional 68,776 shares during the last quarter. Oarsman Capital Inc. increased its position in Kimberly-Clark Corporation by 3.0% during the first quarter. Oarsman Capital Inc. now owns 12,219 shares of the company’s stock valued at $1,608,000 after acquiring an additional 361 shares during the last quarter. Royce & Associates LP increased its position in Kimberly-Clark Corporation by 55.7% during the first quarter. Royce & Associates LP now owns 31,300 shares of the company’s stock valued at $4,120,000 after acquiring an additional 11,200 shares during the last quarter. Swiss National Bank increased its position in Kimberly-Clark Corporation by 20.5% during the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock valued at $218,180,000 after acquiring an additional 282,300 shares during the last quarter. Finally, Twin Tree Management LP purchased a new stake in Kimberly-Clark Corporation during the first quarter valued at $1,652,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
In other news, Director Robert W. Decherd acquired 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.
A number of analysts recently commented on the company. BidaskClub upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. Jefferies Group LLC reiterated a “hold” rating and set a $133.00 price objective on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. Berenberg Bank assumed coverage on Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a “hold” rating and a $136.00 price objective for the company. Finally, Zacks Investment Research cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. Kimberly-Clark Corporation presently has an average rating of “Hold” and an average price target of $132.07.
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Shares of Kimberly-Clark Corporation (NYSE:KMB) traded up 0.12% during mid-day trading on Friday, reaching $120.97. The company’s stock had a trading volume of 978,114 shares. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm’s 50-day moving average price is $121.64 and its 200 day moving average price is $127.95. The firm has a market cap of $42.74 billion, a P/E ratio of 20.20 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the business earned $1.53 EPS. Kimberly-Clark Corporation’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is 64.88%.
About Kimberly-Clark Corporation
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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