Accident Compensation Corp acquired a new stake in Kimberly-Clark Corporation (NYSE:KMB) during the third quarter, Holdings Channel reports. The fund acquired 16,500 shares of the company’s stock, valued at approximately $2,081,000.
Other institutional investors have also bought and sold shares of the company. Lord Abbett & CO. LLC boosted its position in Kimberly-Clark Corporation by 70.3% in the second quarter. Lord Abbett & CO. LLC now owns 1,062,950 shares of the company’s stock valued at $146,134,000 after buying an additional 438,675 shares in the last quarter. Morgan Stanley boosted its position in Kimberly-Clark Corporation by 14.1% in the third quarter. Morgan Stanley now owns 3,079,165 shares of the company’s stock valued at $388,407,000 after buying an additional 381,414 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Kimberly-Clark Corporation during the third quarter valued at $44,094,000. WINTON GROUP Ltd acquired a new position in Kimberly-Clark Corporation during the third quarter valued at $43,293,000. Finally, Two Sigma Advisers LP boosted its position in Kimberly-Clark Corporation by 31.6% in the third quarter. Two Sigma Advisers LP now owns 1,406,643 shares of the company’s stock valued at $177,434,000 after buying an additional 337,699 shares in the last quarter. 68.65% of the stock is owned by institutional investors and hedge funds.
Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 123.43 on Tuesday. The company has a market capitalization of $43.97 billion, a price-to-earnings ratio of 20.61 and a beta of 0.65. The company’s 50-day moving average price is $118.32 and its 200-day moving average price is $120.28. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $138.87.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 24th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.03. Kimberly-Clark Corporation had a net margin of 11.90% and a return on equity of 614.22%. The business earned $4.50 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the prior year, the firm posted $1.42 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Corporation will post $6.30 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 10th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.14%. This is an increase from Kimberly-Clark Corporation’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Wednesday, March 8th. Kimberly-Clark Corporation’s dividend payout ratio is presently 61.54%.
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Several equities analysts have commented on KMB shares. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Kimberly-Clark Corporation in a report on Tuesday, November 15th. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $145.00 price target on shares of Kimberly-Clark Corporation in a report on Tuesday, October 25th. Societe Generale reaffirmed a “buy” rating and issued a $139.00 price target on shares of Kimberly-Clark Corporation in a report on Thursday, October 27th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of Kimberly-Clark Corporation in a report on Monday, October 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $127.50.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $113.34, for a total transaction of $1,353,959.64. Following the completion of the transaction, the senior vice president now directly owns 30,091 shares of the company’s stock, valued at approximately $3,410,513.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kimberly K. Underhill sold 4,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $120.95, for a total transaction of $483,800.00. Following the transaction, the insider now directly owns 17,912 shares of the company’s stock, valued at $2,166,456.40. The disclosure for this sale can be found here. Corporate insiders own 0.58% 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 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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