Stevens Capital Management LP purchased a new stake in Kimberly-Clark Corporation (NYSE:KMB) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 158,921 shares of the company’s stock, valued at approximately $20,518,000. Kimberly-Clark Corporation comprises 0.8% of Stevens Capital Management LP’s investment portfolio, making the stock its 20th biggest position.
Several other hedge funds have also modified their holdings of KMB. APG Asset Management N.V. raised its stake in shares of Kimberly-Clark Corporation by 85.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after acquiring an additional 929,300 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of Kimberly-Clark Corporation in the 1st quarter valued at $93,657,000. Alliancebernstein L.P. raised its stake in shares of Kimberly-Clark Corporation by 83.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock valued at $183,043,000 after acquiring an additional 645,881 shares during the period. FMR LLC raised its stake in shares of Kimberly-Clark Corporation by 23.4% in the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after acquiring an additional 491,121 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Kimberly-Clark Corporation by 89.9% in the 2nd quarter. Principal Financial Group Inc. now owns 987,533 shares of the company’s stock valued at $127,500,000 after acquiring an additional 467,559 shares during the period. 70.40% of the stock is currently owned by institutional investors and hedge funds.
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Kimberly-Clark Corporation (NYSE KMB) opened at $114.32 on Friday. The firm has a market cap of $40,212.86, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 2.97 and a beta of 0.74. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. Kimberly-Clark Corporation has a fifty-two week low of $109.67 and a fifty-two week high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. sell-side analysts predict that Kimberly-Clark Corporation will post 6.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.03%.
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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