OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Kimberly-Clark Corporation (NYSE:KMB) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,490 shares of the company’s stock after purchasing an additional 1,090 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Kimberly-Clark Corporation were worth $1,644,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of KMB. Waldron LP bought a new stake in shares of Kimberly-Clark Corporation during the first quarter valued at approximately $255,000. Osborne Partners Capital Management LLC increased its holdings in shares of Kimberly-Clark Corporation by 0.6% during the first quarter. Osborne Partners Capital Management LLC now owns 22,448 shares of the company’s stock valued at $2,955,000 after acquiring an additional 141 shares in the last quarter. BTIM Corp. increased its holdings in shares of Kimberly-Clark Corporation by 15.5% during the first quarter. BTIM Corp. now owns 27,544 shares of the company’s stock valued at $3,626,000 after acquiring an additional 3,700 shares in the last quarter. Korea Investment CORP increased its holdings in shares of Kimberly-Clark Corporation by 264.1% during the first quarter. Korea Investment CORP now owns 163,579 shares of the company’s stock valued at $21,532,000 after acquiring an additional 118,655 shares in the last quarter. Finally, Buckhead Capital Management LLC increased its holdings in shares of Kimberly-Clark Corporation by 36.7% during the first quarter. Buckhead Capital Management LLC now owns 5,552 shares of the company’s stock valued at $731,000 after acquiring an additional 1,490 shares in the last quarter. Institutional investors and hedge funds own 70.10% of the company’s stock.
In related news, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.
Kimberly-Clark Corporation (NYSE KMB) traded up 1.223% on Monday, reaching $119.575. The company’s stock had a trading volume of 936,851 shares. The company’s 50 day moving average price is $121.97 and its 200-day moving average price is $128.26. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The stock has a market cap of $42.25 billion, a PE ratio of 19.966 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting 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 return on equity of 636.30% and a net margin of 11.82%. Kimberly-Clark Corporation’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 earnings per share. On average, equities analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be given a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 annualized dividend and a yield of 3.28%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
KMB has been the subject of several recent research reports. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the company a “buy” rating in a report on Monday, June 19th. BidaskClub downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Citigroup Inc. set a $132.00 price objective on Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Zacks Investment Research downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Finally, UBS AG reaffirmed a “neutral” rating and set a $119.00 target price (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $132.86.
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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