Tiaa Fsb acquired a new stake in Kimberly-Clark Corporation (NYSE:KMB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 29,618 shares of the company’s stock, valued at approximately $3,824,000.
A number of other institutional investors and hedge funds have also modified their holdings of KMB. APG Asset Management N.V. raised its position in Kimberly-Clark Corporation by 85.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after purchasing an additional 929,300 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Kimberly-Clark Corporation in the 1st quarter valued at $93,657,000. Alliancebernstein L.P. raised its position in Kimberly-Clark Corporation by 83.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock valued at $183,043,000 after purchasing an additional 645,881 shares during the last quarter. Vanguard Group Inc. raised its position in Kimberly-Clark Corporation by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock valued at $3,197,638,000 after purchasing an additional 537,794 shares during the last quarter. Finally, FMR LLC raised its position in Kimberly-Clark Corporation by 23.4% in the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after purchasing an additional 491,121 shares during the last quarter. Hedge funds and other institutional investors own 70.60% of the company’s stock.
Shares of Kimberly-Clark Corporation (KMB) opened at $117.00 on Wednesday. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly-Clark Corporation has a 52 week low of $109.67 and a 52 week high of $136.21. The company has a market capitalization of $40,575.21, a price-to-earnings ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. analysts anticipate that Kimberly-Clark Corporation will post 6.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.32%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.03%.
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Several equities research analysts have recently commented on KMB shares. J P Morgan Chase & Co cut Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Societe Generale raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and lifted their target price for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Macquarie started coverage on Kimberly-Clark Corporation in a research note on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price for the company. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $127.14.
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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