AMG Funds LLC raised its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,956 shares of the company’s stock after buying an additional 58 shares during the period. AMG Funds LLC’s holdings in Kimberly-Clark Corporation were worth $1,574,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. Bank of New York Mellon Corp increased its position in Kimberly-Clark Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after buying an additional 207,316 shares in the last quarter. Harbour Investment Management LLC acquired a new position in Kimberly-Clark Corporation during the first quarter worth about $2,529,000. Point View Wealth Management Inc. acquired a new position in Kimberly-Clark Corporation during the first quarter worth about $256,000. Elkfork Partners LLC increased its position in Kimberly-Clark Corporation by 4.3% in the first quarter. Elkfork Partners LLC now owns 58,854 shares of the company’s stock worth $7,747,000 after buying an additional 2,414 shares in the last quarter. Finally, Maple Capital Management Inc. increased its position in Kimberly-Clark Corporation by 0.9% in the first quarter. Maple Capital Management Inc. now owns 10,711 shares of the company’s stock worth $1,410,000 after buying an additional 100 shares in the last quarter. Institutional investors own 70.05% of the company’s stock.
Shares of Kimberly-Clark Corporation (KMB) opened at 131.50 on Thursday. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $138.87. The stock’s 50 day moving average is $128.96 and its 200-day moving average is $126.06. The stock has a market cap of $46.67 billion, a PE ratio of 21.70 and a beta of 0.79.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, April 24th. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly-Clark Corporation had a net margin of 11.99% and a return on equity of 602.48%. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the business earned $1.53 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Corporation will post $6.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 9th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Wednesday, June 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.13%.
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A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. Berenberg Bank began coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $133.00 price objective on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. Finally, TheStreet upgraded shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research report on Wednesday, April 26th. 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 company’s stock. The company has an average rating of “Hold” and a consensus target price of $134.62.
In related news, SVP Sandra Macquillan sold 5,081 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $129.82, for a total value of $659,615.42. Following the completion of the sale, the senior vice president now owns 5,364 shares in the company, valued at $696,354.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the completion of the sale, the senior vice president now owns 23,543 shares of the company’s stock, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. Insiders sold 32,267 shares of company stock valued at $4,155,862 in the last quarter. Company insiders own 0.56% of the company’s stock.
About Kimberly-Clark Corporation
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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