Tredje AP fonden reduced its stake in Kimberly Clark Corp (NYSE:KMB) by 7.8% in the 1st quarter, HoldingsChannel reports. The firm owned 25,102 shares of the company’s stock after selling 2,124 shares during the quarter. Tredje AP fonden’s holdings in Kimberly Clark were worth $3,439,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Amalgamated Bank increased its stake in Kimberly Clark by 7.0% in the fourth quarter. Amalgamated Bank now owns 51,453 shares of the company’s stock valued at $7,077,000 after purchasing an additional 3,357 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Kimberly Clark by 3.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,434,151 shares of the company’s stock worth $334,818,000 after acquiring an additional 91,469 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Kimberly Clark by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,766,300 shares of the company’s stock worth $791,655,000 after acquiring an additional 25,669 shares in the last quarter. Apriem Advisors increased its position in shares of Kimberly Clark by 21.9% during the fourth quarter. Apriem Advisors now owns 2,225 shares of the company’s stock worth $306,000 after acquiring an additional 400 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Kimberly Clark by 1.4% during the fourth quarter. KBC Group NV now owns 212,783 shares of the company’s stock worth $29,268,000 after acquiring an additional 2,963 shares in the last quarter. 72.55% of the stock is owned by hedge funds and other institutional investors.
KMB stock traded up $2.28 during trading on Friday, reaching $139.74. The stock had a trading volume of 1,442,456 shares, compared to its average volume of 1,705,895. Kimberly Clark Corp has a one year low of $110.66 and a one year high of $149.23. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 156.74. The company’s 50 day moving average is $136.74 and its two-hundred day moving average is $136.98. The company has a market capitalization of $46.81 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 3.59 and a beta of 0.49.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $2.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.15. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.84 billion. Kimberly Clark had a net margin of 12.55% and a return on equity of 2,686.77%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. As a group, research analysts predict that Kimberly Clark Corp will post 7.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 4th. Kimberly Clark’s payout ratio is 62.12%.
Several research firms have recently commented on KMB. Morgan Stanley boosted their target price on shares of Kimberly Clark from $133.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Citigroup boosted their target price on shares of Kimberly Clark from $123.00 to $135.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Goldman Sachs Group raised shares of Kimberly Clark to a “hold” rating in a research report on Monday, March 30th. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $149.00 price objective on shares of Kimberly Clark in a research report on Wednesday, April 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $146.70.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 4,679 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $139.00, for a total value of $650,381.00. Following the transaction, the insider now directly owns 42,643 shares in the company, valued at $5,927,377. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP J. Scott Boston sold 13,388 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $141.00, for a total transaction of $1,887,708.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,536 shares of company stock worth $5,969,866. Corporate insiders own 0.72% of the company’s stock.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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