Twin Tree Management LP bought a new position in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,554 shares of the company’s stock, valued at approximately $1,652,000.
A number of other large investors have also recently added to or reduced their stakes in KMB. Bank of New York Mellon Corp increased its stake in Kimberly-Clark Corporation by 5.1% in the 1st quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after purchasing an additional 207,316 shares in the last quarter. FMR LLC increased its stake in Kimberly-Clark Corporation by 23.4% in the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after purchasing an additional 491,121 shares in the last quarter. American Century Companies Inc. increased its stake in Kimberly-Clark Corporation by 5.9% in the 1st quarter. American Century Companies Inc. now owns 1,746,205 shares of the company’s stock worth $229,853,000 after purchasing an additional 97,439 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Kimberly-Clark Corporation by 35.0% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,659,203 shares of the company’s stock worth $218,401,000 after purchasing an additional 429,763 shares in the last quarter. Finally, Swiss National Bank increased its stake in Kimberly-Clark Corporation by 20.5% in the 1st quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock worth $218,180,000 after purchasing an additional 282,300 shares in the last quarter. 70.10% of the stock is currently owned by hedge funds and other institutional investors.
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A number of equities analysts recently weighed in on KMB shares. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Citigroup Inc. set a $134.00 price target on Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th. Royal Bank Of Canada restated a “sector perform” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Jefferies Group LLC restated a “hold” rating and set a $119.00 price objective on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $132.07.
Shares of Kimberly-Clark Corporation (KMB) opened at 121.10 on Friday. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm has a market capitalization of $42.78 billion, a price-to-earnings ratio of 20.22 and a beta of 0.78. The company has a 50-day moving average price of $121.55 and a 200 day moving average price of $127.86.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.49. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.53 earnings per share. Equities research analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be issued a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.20%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
In other news, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation 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’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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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