North Star Investment Management Corp. Decreases Position in Kimberly-Clark Corp. (KMB)
North Star Investment Management Corp. reduced its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,935 shares of the company’s stock after selling 296 shares during the period. North Star Investment Management Corp.’s holdings in Kimberly-Clark Corp. were worth $3,650,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of KMB. Vanguard Group Inc. raised its stake in Kimberly-Clark Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 25,395,093 shares of the company’s stock worth $3,491,317,000 after buying an additional 695,252 shares during the period. BlackRock Fund Advisors boosted its position in Kimberly-Clark Corp. by 4.4% in the second quarter. BlackRock Fund Advisors now owns 7,838,359 shares of the company’s stock worth $1,077,618,000 after buying an additional 328,013 shares in the last quarter. Janus Capital Management LLC boosted its position in Kimberly-Clark Corp. by 73.5% in the second quarter. Janus Capital Management LLC now owns 5,203,212 shares of the company’s stock worth $715,337,000 after buying an additional 2,204,022 shares in the last quarter. Legal & General Group Plc boosted its position in Kimberly-Clark Corp. by 1.5% in the second quarter. Legal & General Group Plc now owns 1,837,945 shares of the company’s stock worth $252,610,000 after buying an additional 27,299 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Kimberly-Clark Corp. by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 1,773,165 shares of the company’s stock worth $243,622,000 after buying an additional 33,798 shares in the last quarter. 67.84% of the stock is currently owned by institutional investors.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 0.57% on Tuesday, reaching $116.50. 2,011,496 shares of the company’s stock traded hands. The stock has a 50-day moving average of $115.91 and a 200 day moving average of $125.92. The firm has a market cap of $41.73 billion, a P/E ratio of 21.19 and a beta of 0.61. Kimberly-Clark Corp. has a 12-month low of $111.30 and a 12-month high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last issued its earnings results on Monday, October 24th. The company reported $1.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by $0.02. The business earned $4.60 billion during the quarter, compared to analyst estimates of $4.73 billion. Kimberly-Clark Corp. had a return on equity of 648.51% and a net margin of 10.96%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business earned $1.51 EPS. On average, equities research analysts expect that Kimberly-Clark Corp. will post $6.00 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Friday, December 9th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $3.68 dividend on an annualized basis and a yield of 3.16%. Kimberly-Clark Corp.’s payout ratio is 67.03%.
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A number of research firms have commented on KMB. Wells Fargo & Co. reissued a “market perform” rating on shares of Kimberly-Clark Corp. in a research note on Tuesday, November 15th. B. Riley reissued a “neutral” rating and issued a $128.00 price target on shares of Kimberly-Clark Corp. in a research note on Sunday, October 30th. Societe Generale reissued a “buy” rating and issued a $139.00 price target on shares of Kimberly-Clark Corp. in a research note on Thursday, October 27th. cut shares of Kimberly-Clark Corp. from an “outperform” rating to an “underperform” rating in a research note on Wednesday, October 26th. Finally, Deutsche Bank AG cut their price objective on shares of Kimberly-Clark Corp. from $132.00 to $120.00 and set a “hold” rating for the company in a research note on Tuesday, October 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $132.60.
In other news, Director Robert W. Decherd acquired 2,000 shares of Kimberly-Clark Corp. stock in a transaction that occurred on Thursday, October 27th. The stock was purchased at an average price of $113.59 per share, with a total value of $227,180.00. Following the completion of the transaction, the director now owns 41,944 shares in the company, valued at $4,764,418.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Thomas J. Mielke sold 11,946 shares of Kimberly-Clark Corp. stock in a transaction on Monday, November 21st. The shares were sold at an average price of $113.34, for a total value of $1,353,959.64. Following the sale, the senior vice president now directly owns 30,091 shares of the company’s stock, valued at approximately $3,410,513.94. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
Kimberly-Clark Corp. 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 operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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