Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) by 21.7% during the second quarter, Holdings Channel reports. The fund owned 15,537 shares of the company’s stock after selling 4,296 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Kimberly-Clark Corp. were worth $2,136,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position 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 during the last quarter. TIAA CREF Investment Management LLC increased 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 valued at $259,626,000 after buying an additional 250,743 shares during the last quarter. Legal & General Group Plc increased 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 valued at $243,560,000 after buying an additional 38,660 shares during the last quarter. Wellington Management Group LLP increased 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 valued at $209,375,000 after buying an additional 35,970 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in Kimberly-Clark Corp. during the second quarter valued at about $112,177,000. 68.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 1.09% on Monday, reaching $124.76. 1,512,336 shares of the company were exchanged. The stock has a 50 day moving average of $126.21 and a 200-day moving average of $130.36. Kimberly-Clark Corp. has a 52-week low of $111.22 and a 52-week high of $138.87. The company has a market capitalization of $44.87 billion, a P/E ratio of 23.13 and a beta of 0.42.
Kimberly-Clark Corp. (NYSE:KMB) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the business earned $1.41 EPS. Kimberly-Clark Corp.’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors 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 annualized dividend and a yield of 2.95%. Kimberly-Clark Corp.’s dividend payout ratio is currently 68.40%.
Several equities research analysts have commented on the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a $132.00 price target (up from $130.00) on shares of Kimberly-Clark Corp. in a report on Sunday, July 24th. Zacks Investment Research lowered shares of Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $154.00 price target on shares of Kimberly-Clark Corp. in a report on Monday, September 12th. B. Riley reaffirmed a “neutral” rating and issued a $124.00 price target on shares of Kimberly-Clark Corp. in a report on Tuesday, July 26th. Finally, Citigroup Inc. upped their price target on shares of Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Kimberly-Clark Corp. currently has a consensus rating of “Hold” and a consensus price target of $136.63.
In other Kimberly-Clark Corp. news, insider Anthony J. Palmer sold 3,080 shares of Kimberly-Clark Corp. stock in a transaction on 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 in the company, valued at $779,350. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of Kimberly-Clark Corp. stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $127.37, for a total transaction of $1,521,562.02. Following the completion of the transaction, the senior vice president now owns 33,557 shares in the company, valued at $4,274,155.09. The disclosure for this sale can be found here. Corporate 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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