Metropolitan Life Insurance Co. NY Cuts Holdings in Kimberly-Clark Corporation (KMB)

Metropolitan Life Insurance Co. NY reduced its stake in Kimberly-Clark Corporation (NYSE:KMB) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.05% of Kimberly-Clark Corporation worth $24,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tortoise Investment Management LLC raised its position in Kimberly-Clark Corporation by 4.7% during the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after purchasing an additional 34 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Kimberly-Clark Corporation by 125.0% during the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares in the last quarter. Armbruster Capital Management Inc. increased its holdings in shares of Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares in the last quarter. Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the first quarter worth $118,000. Finally, Sterling Investment Advisors Ltd. increased its holdings in shares of Kimberly-Clark Corporation by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

In related news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were 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 of the company’s stock, valued at approximately $5,309,291.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.56% of the company’s stock.

WARNING: “Metropolitan Life Insurance Co. NY Cuts Holdings in Kimberly-Clark Corporation (KMB)” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/09/25/metropolitan-life-insurance-co-ny-sells-3815-shares-of-kimberly-clark-corporation-kmb.html.

Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 117.52 on Monday. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The company has a market cap of $41.52 billion, a PE ratio of 19.62 and a beta of 0.78. The firm’s 50-day moving average is $121.49 and its 200-day moving average is $127.61.

Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 EPS. On average, equities research analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.

KMB has been the subject of several research analyst reports. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a report on Friday, July 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tortoise Investment Management LLC raised its position in Kimberly-Clark Corporation by 4.7% during the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after purchasing an additional 34 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in shares of Kimberly-Clark Corporation by 125.0% during the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares in the last quarter. Armbruster Capital Management Inc. increased its holdings in shares of Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares in the last quarter. Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the first quarter worth $118,000. Finally, Sterling Investment Advisors Ltd. increased its holdings in shares of Kimberly-Clark Corporation by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

In related news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were 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 of the company’s stock, valued at approximately $5,309,291.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.56% of the company’s stock.

WARNING: “Metropolitan Life Insurance Co. NY Cuts Holdings in Kimberly-Clark Corporation (KMB)” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/09/25/metropolitan-life-insurance-co-ny-sells-3815-shares-of-kimberly-clark-corporation-kmb.html.

Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 117.52 on Monday. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The company has a market cap of $41.52 billion, a PE ratio of 19.62 and a beta of 0.78. The firm’s 50-day moving average is $121.49 and its 200-day moving average is $127.61.

Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 EPS. On average, equities research analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.

KMB has been the subject of several research analyst reports. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a report on Friday, July 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $119.00 price target on shares of Kimberly-Clark Corporation in a report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $132.07.

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.

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

Receive News & Ratings for Kimberly-Clark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply