Ajo LP cut its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) by 28.5% during the second quarter, Holdings Channel reports. The firm owned 23,990 shares of the company’s stock after selling 9,579 shares during the period. Ajo LP’s holdings in Kimberly-Clark Corp. were worth $3,298,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Kimberly-Clark Corp. by 1.0% in the first quarter. Geode Capital Management LLC now owns 2,859,320 shares of the company’s stock valued at $383,809,000 after buying an additional 28,004 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Kimberly-Clark Corp. by 14.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,930,162 shares of the company’s stock valued at $259,626,000 after buying an additional 250,743 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Kimberly-Clark Corp. by 2.2% in the first quarter. Legal & General Group Plc now owns 1,810,646 shares of the company’s stock valued at $243,560,000 after buying an additional 38,660 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Kimberly-Clark Corp. by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 1,773,165 shares of the company’s stock valued at $243,622,000 after buying an additional 33,798 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of Kimberly-Clark Corp. by 8.1% in the second quarter. TD Asset Management Inc. now owns 1,642,830 shares of the company’s stock valued at $225,856,000 after buying an additional 122,660 shares in the last quarter. Institutional investors own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) opened at 126.73 on Friday. The stock has a 50 day moving average price of $126.87 and a 200-day moving average price of $130.76. Kimberly-Clark Corp. has a 12 month low of $106.66 and a 12 month high of $138.87. The stock has a market cap of $45.58 billion, a P/E ratio of 23.50 and a beta of 0.35.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.05. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The business earned $4.60 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same period in the prior year, the company posted $1.41 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts forecast that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is 68.40%.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a report on Tuesday, June 28th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a $156.00 price objective (up from $152.00) on shares of Kimberly-Clark Corp. in a report on Friday, July 15th. B. Riley reaffirmed a “neutral” rating and set a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. Citigroup Inc. lifted their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $132.00 price objective (up from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Kimberly-Clark Corp. currently has a consensus rating of “Hold” and a consensus price target of $136.63.
In related news, Chairman Thomas J. Falk sold 206,445 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $133.40, for a total value of $27,539,763.00. Following the completion of the transaction, the chairman now directly owns 125,574 shares of the company’s stock, valued at approximately $16,751,571.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas J. Mielke sold 11,946 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $127.37, for a total value of $1,521,562.02. Following the completion of the transaction, the senior vice president now directly owns 33,557 shares of the company’s stock, valued at $4,274,155.09. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.
About Kimberly-Clark Corp.
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corp. (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corp. and related companies with MarketBeat.com's FREE daily email newsletter.