Wagner Bowman Management Corp Sells 94 Shares of Kimberly-Clark Corporation (KMB)
Wagner Bowman Management Corp reduced its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,081 shares of the company’s stock after selling 94 shares during the period. Kimberly-Clark Corporation accounts for approximately 0.8% of Wagner Bowman Management Corp’s holdings, making the stock its 29th largest position. Wagner Bowman Management Corp’s holdings in Kimberly-Clark Corporation were worth $2,980,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of KMB. APG Asset Management N.V. boosted its stake in Kimberly-Clark Corporation by 85.3% in the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after buying an additional 929,300 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in Kimberly-Clark Corporation during the first quarter valued at about $93,657,000. FMR LLC boosted its stake in Kimberly-Clark Corporation by 23.4% in the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after buying an additional 491,121 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 35.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,659,203 shares of the company’s stock valued at $218,401,000 after buying an additional 429,763 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Kimberly-Clark Corporation by 40.1% in the first quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock valued at $197,742,000 after buying an additional 429,680 shares during the period. 70.15% of the stock is owned by institutional investors.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded down 0.73% during midday trading on Friday, reaching $121.39. 1,085,911 shares of the company traded hands. The company has a 50 day moving average of $123.72 and a 200 day moving average of $128.52. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The firm has a market capitalization of $42.89 billion, a P/E ratio of 20.27 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49. The business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $1.53 earnings per share. On average, equities research analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
Several equities research analysts have recently issued reports on KMB shares. B. Riley reaffirmed a “neutral” rating and set a $128.00 price objective on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. BidaskClub cut shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 25th. Finally, TheStreet raised shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research report on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $133.07.
In related news, insider Sergio Cruz sold 7,078 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the completion of the sale, the insider now directly owns 4,910 shares in the company, valued at $638,349.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.
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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