Metropolitan Life Insurance Co. NY cut its position in Kimberly-Clark Corporation (NYSE:KMB) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,517 shares of the company’s stock after selling 3,815 shares during the period. Metropolitan Life Insurance Co. NY owned 0.05% of Kimberly-Clark Corporation worth $24,814,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after purchasing an additional 34 shares during the last quarter. Heritage Trust Co acquired a new position in Kimberly-Clark Corporation during the 1st quarter valued at about $118,000. Acrospire Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 125.0% during the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 500 shares during the last quarter. Armbruster Capital Management Inc. boosted its stake in Kimberly-Clark Corporation by 38.5% during the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 250 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its stake in Kimberly-Clark Corporation by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 70.10% of the company’s stock.
Several equities analysts have commented on the stock. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Macquarie initiated coverage on shares of Kimberly-Clark Corporation in a report on Friday. They set a “neutral” rating and a $121.00 target price on the stock. UBS AG cut shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $134.00 to $120.00 in a report on Wednesday, July 12th. Jefferies Group LLC reissued a “hold” rating and set a $119.00 target price on shares of Kimberly-Clark Corporation in a report on Thursday, September 7th. Finally, BidaskClub cut shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $132.07.
Kimberly-Clark Corporation (KMB) traded up 0.22% during trading on Friday, reaching $121.10. 2,548,470 shares of the company were exchanged. The company’s 50-day moving average price is $121.55 and its 200-day moving average price is $127.86. The stock has a market capitalization of $42.78 billion, a P/E ratio of 20.22 and a beta of 0.78. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 EPS. On average, equities analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current 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 paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
In related news, Director Robert W. Decherd acquired 1,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.
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Kimberly-Clark Corporation 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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