PineBridge Investments L.P. raised its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) by 54,782.9% during the second quarter, Holdings Channel reports. The firm owned 22,502 shares of the company’s stock after buying an additional 22,461 shares during the period. PineBridge Investments L.P.’s holdings in Kimberly-Clark Corp. were worth $3,093,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Monetta Financial Services Inc. acquired a new position in Kimberly-Clark Corp. during the second quarter valued at about $550,000. Wrapmanager Inc. boosted its stake in shares of Kimberly-Clark Corp. by 4.6% in the second quarter. Wrapmanager Inc. now owns 9,771 shares of the company’s stock valued at $1,343,000 after buying an additional 426 shares during the last quarter. Fayez Sarofim & Co. boosted its stake in shares of Kimberly-Clark Corp. by 52.9% in the second quarter. Fayez Sarofim & Co. now owns 3,470 shares of the company’s stock valued at $477,000 after buying an additional 1,200 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Kimberly-Clark Corp. by 101.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,755 shares of the company’s stock valued at $654,000 after buying an additional 2,389 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Kimberly-Clark Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 25,395,093 shares of the company’s stock valued at $3,491,317,000 after buying an additional 695,252 shares during the last quarter. 68.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corp. (NYSE:KMB) opened at 126.02 on Thursday. Kimberly-Clark Corp. has a 12-month low of $107.79 and a 12-month high of $138.87. The company has a market capitalization of $45.32 billion, a P/E ratio of 23.37 and a beta of 0.35. The company has a 50-day moving average price of $126.54 and a 200 day moving average price of $130.60.
Kimberly-Clark Corp. (NYSE:KMB) last released its quarterly earnings results on Monday, July 25th. The company reported $1.53 EPS for the quarter, beating 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 company earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period last year, the business posted $1.41 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Corp. will post $6.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is presently 68.40%.
Several brokerages recently weighed in on KMB. Zacks Investment Research cut Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $154.00 price target on shares of Kimberly-Clark Corp. in a research note 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 research note on Sunday, July 31st. Citigroup Inc. upped their price target 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. Finally, 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 research note on Sunday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $136.63.
In other Kimberly-Clark Corp. news, SVP Thomas J. Mielke sold 11,946 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 33,557 shares in the company, valued at $4,274,155.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 value of $27,539,763.00. Following the completion of the sale, the chairman now owns 125,574 shares of the company’s stock, valued at $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is owned by company 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.
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