Beck Mack & Oliver LLC lowered its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 2.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,630 shares of the company’s stock after selling 2,000 shares during the period. Beck Mack & Oliver LLC’s holdings in Kimberly-Clark Corporation were worth $10,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. APG Asset Management N.V. boosted its position in shares of Kimberly-Clark Corporation by 85.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after purchasing an additional 929,300 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of Kimberly-Clark Corporation during the 1st quarter worth approximately $93,657,000. FMR LLC boosted its position in shares of Kimberly-Clark Corporation by 23.4% during the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after purchasing an additional 491,121 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Kimberly-Clark Corporation by 35.0% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,659,203 shares of the company’s stock worth $218,401,000 after purchasing an additional 429,763 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Kimberly-Clark Corporation by 40.1% during the 1st quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock worth $197,742,000 after purchasing an additional 429,680 shares during the period. Institutional investors and hedge funds own 70.10% of the company’s stock.
KMB has been the subject of a number of research analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $133.00 price objective on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. Berenberg Bank initiated coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a “hold” rating and a $136.00 price objective for the company. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $132.86.
In other news, Director Robert W. Decherd bought 1,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the purchase, 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 SEC, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
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Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 119.60 on Tuesday. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The stock has a 50 day moving average of $121.97 and a 200-day moving average of $128.21. The firm has a market capitalization of $42.25 billion, a price-to-earnings ratio of 19.97 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the consensus estimate of $1.49. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.24%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
Kimberly-Clark Corporation 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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