Calamos Advisors LLC increased its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,825 shares of the company’s stock after buying an additional 12 shares during the period. Calamos Advisors LLC’s holdings in Kimberly-Clark Corp. were worth $4,513,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. 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 position 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 worth $259,626,000 after buying an additional 250,743 shares during the period. Legal & General Group Plc raised its position 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 worth $243,560,000 after buying an additional 38,660 shares during the period. Wellington Management Group LLP raised its position 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 worth $209,375,000 after buying an additional 35,970 shares during the period. Finally, American Century Companies Inc. acquired a new position in Kimberly-Clark Corp. during the second quarter worth $112,177,000. 68.37% of the stock is owned by institutional investors and hedge funds.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 0.73% during midday trading on Friday, reaching $126.14. The company’s stock had a trading volume of 1,920,039 shares. The firm has a market cap of $45.36 billion, a price-to-earnings ratio of 23.39 and a beta of 0.35. Kimberly-Clark Corp. has a one year low of $109.82 and a one 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 released its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.05. The business earned $4.60 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. Analysts predict that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.92 per share. The ex-dividend date is Wednesday, September 7th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.92%. Kimberly-Clark Corp.’s payout ratio is currently 68.40%.
A number of equities analysts have recently weighed in on KMB shares. 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 research note on Tuesday, June 28th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $154.00 price objective on shares of Kimberly-Clark Corp. in a research note on Monday, September 12th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $132.00 price objective (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. B. Riley reaffirmed a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Finally, Citigroup Inc. upped their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $136.63.
In other news, SVP Lizanne C. Gottung sold 6,204 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $132.17, for a total transaction of $819,982.68. Following the sale, the senior vice president now directly owns 11,797 shares in the company, valued at approximately $1,559,209.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Thomas J. Falk sold 206,445 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total value of $27,539,763.00. Following the sale, the chairman now owns 125,574 shares in the company, valued at $16,751,571.60. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
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.
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