NewSquare Capital LLC increased its stake in Kimberly-Clark Corp. (NYSE:KMB) by 18.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,462 shares of the company’s stock after buying an additional 984 shares during the period. NewSquare Capital LLC’s holdings in Kimberly-Clark Corp. were worth $888,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in Kimberly-Clark Corp. during the second quarter valued at about $72,980,000. Canada Pension Plan Investment Board increased its stake in Kimberly-Clark Corp. by 148.8% in the first quarter. Canada Pension Plan Investment Board now owns 601,337 shares of the company’s stock valued at $80,886,000 after buying an additional 359,657 shares during the period. Virginia Retirement System bought a new stake in Kimberly-Clark Corp. during the first quarter valued at about $34,661,000. Bessemer Group Inc. increased its stake in Kimberly-Clark Corp. by 248.3% in the first quarter. Bessemer Group Inc. now owns 359,737 shares of the company’s stock valued at $48,389,000 after buying an additional 256,445 shares during the period. Finally, TIAA CREF Investment Management LLC increased 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 during the period. Institutional investors own 68.37% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.39% during trading on Friday, hitting $126.73. The stock had a trading volume of 1,367,641 shares. The stock’s 50-day moving average is $126.87 and its 200-day moving average is $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 capitalization of $45.58 billion, a P/E ratio of 23.50 and a beta of 0.35.
Kimberly-Clark Corp. (NYSE:KMB) last announced 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 earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. Kimberly-Clark Corp.’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 EPS. Analysts predict that Kimberly-Clark Corp. will post $6.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, September 7th. Kimberly-Clark Corp.’s payout ratio is currently 68.40%.
Several equities analysts recently weighed in on KMB shares. Zacks Investment Research cut Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating and set a $156.00 price objective (up previously from $152.00) on shares of Kimberly-Clark Corp. in a research report on Friday, July 15th. Deutsche Bank AG reissued a “hold” rating and set a $132.00 price objective (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research report on Sunday, July 24th. Citigroup Inc. boosted their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $124.00 price target on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Kimberly-Clark Corp. presently has an average rating of “Hold” and an average price target of $136.63.
In other news, Chairman Thomas J. Falk sold 206,445 shares of Kimberly-Clark Corp. stock in a transaction that occurred on 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 directly owns 125,574 shares in the company, valued at $16,751,571.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Thomas J. Mielke sold 11,946 shares of Kimberly-Clark Corp. stock in a transaction that occurred 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 sale, the senior vice president now owns 33,557 shares of the company’s stock, 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.
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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