Bartlett & Co. LLC cut its stake in Kimberly-Clark Corp. (NYSE:KMB) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,096 shares of the company’s stock after selling 1,175 shares during the period. Bartlett & Co. LLC’s holdings in Kimberly-Clark Corp. were worth $7,437,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised 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 raised its stake in 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 raised its stake in 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. Wellington Management Group LLP raised its stake in Kimberly-Clark Corp. by 2.4% in the first quarter. Wellington Management Group LLP now owns 1,556,568 shares of the company’s stock valued at $209,375,000 after buying an additional 35,970 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in Kimberly-Clark Corp. during the second quarter valued at about $112,177,000. Hedge funds and other institutional investors own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 0.73% during trading on Friday, hitting $126.14. 1,920,039 shares of the company’s stock were exchanged. The stock has a market cap of $45.36 billion, a PE ratio of 23.39 and a beta of 0.35. Kimberly-Clark Corp. has a 1-year low of $109.82 and a 1-year high of $138.87. The stock’s 50-day moving average price is $126.32 and its 200-day moving average price is $130.51.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.05. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, equities analysts expect that Kimberly-Clark Corp. will post $6.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, September 7th. Kimberly-Clark Corp.’s payout ratio is presently 68.40%.
KMB has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Deutsche Bank AG reiterated a “hold” rating and set a $132.00 target price (up from $130.00) on shares of Kimberly-Clark Corp. in a research report on Sunday, July 24th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $154.00 target price on shares of Kimberly-Clark Corp. in a research report on Monday, September 12th. Citigroup Inc. lifted their target price on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Finally, B. Riley reiterated a “neutral” rating and set a $124.00 target price on shares of Kimberly-Clark Corp. in a research report on Sunday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $136.63.
In other news, insider Anthony J. Palmer sold 3,080 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the insider now directly owns 5,995 shares of the company’s stock, valued at $779,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Thomas J. Falk sold 206,445 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the completion of the transaction, the chairman now directly owns 125,574 shares in the company, valued at $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.
Kimberly-Clark Corp. Company Profile
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.
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