Altfest L J & Co. Inc. lowered its position in Kimberly-Clark Corporation (NYSE:KMB) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,103 shares of the company’s stock after selling 187 shares during the period. Altfest L J & Co. Inc.’s holdings in Kimberly-Clark Corporation were worth $277,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Kimberly-Clark Corporation during the fourth quarter worth approximately $289,546,000. State Street Corp raised its position in shares of Kimberly-Clark Corporation by 4.0% in the fourth quarter. State Street Corp now owns 17,427,924 shares of the company’s stock worth $1,988,958,000 after buying an additional 672,285 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Kimberly-Clark Corporation by 1,173.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 640,912 shares of the company’s stock worth $73,189,000 after buying an additional 590,577 shares during the period. FMR LLC raised its position in shares of Kimberly-Clark Corporation by 36.8% in the fourth quarter. FMR LLC now owns 2,098,274 shares of the company’s stock worth $239,456,000 after buying an additional 564,996 shares during the period. Finally, APG Asset Management N.V. raised its position in shares of Kimberly-Clark Corporation by 103.7% in the first quarter. APG Asset Management N.V. now owns 1,088,844 shares of the company’s stock worth $143,325,000 after buying an additional 554,200 shares during the period. Institutional investors own 70.05% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 132.30 on Monday. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $138.87. The company has a market capitalization of $46.96 billion, a PE ratio of 21.83 and a beta of 0.79. The stock’s 50 day moving average price is $128.96 and its 200-day moving average price is $126.06.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Monday, April 24th. The company reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Kimberly-Clark Corporation had a return on equity of 602.48% and a net margin of 11.99%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $1.53 EPS. On average, analysts expect that Kimberly-Clark Corporation will post $6.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $3.88 dividend on an annualized basis and a yield of 2.93%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.13%.
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KMB has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Tuesday, March 21st. B. Riley reiterated a “neutral” rating and set a $128.00 price target on shares of Kimberly-Clark Corporation in a report on Sunday, April 23rd. TheStreet upgraded Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a report on Wednesday, April 26th. Jefferies Group LLC initiated coverage on Kimberly-Clark Corporation in a report on Tuesday, April 18th. They set a “hold” rating and a $134.00 price target for the company. Finally, J P Morgan Chase & Co initiated coverage on Kimberly-Clark Corporation in a report on Tuesday, March 21st. They set a “neutral” rating and a $139.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus price target of $134.62.
In other Kimberly-Clark Corporation news, insider Sergio Cruz sold 7,078 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now owns 4,910 shares in the company, valued at approximately $638,349.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total value of $2,576,035.88. Following the transaction, the senior vice president now owns 23,543 shares in the company, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,267 shares of company stock worth $4,155,862. Corporate insiders own 0.56% 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’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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