Kimberly-Clark Corporation (KMB) Stake Boosted by O Shaughnessy Asset Management LLC
O Shaughnessy Asset Management LLC raised its stake in Kimberly-Clark Corporation (NYSE:KMB) by 63.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,042 shares of the company’s stock after buying an additional 15,518 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Kimberly-Clark Corporation were worth $5,271,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. OMERS ADMINISTRATION Corp acquired a new position in Kimberly-Clark Corporation during the first quarter valued at $93,657,000. APG Asset Management N.V. boosted its position in Kimberly-Clark Corporation by 103.7% in the first quarter. APG Asset Management N.V. now owns 1,088,844 shares of the company’s stock valued at $143,325,000 after buying an additional 554,200 shares in the last quarter. Prudential Financial Inc. boosted its position 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 in the last quarter. Bahl & Gaynor Inc. boosted its position in Kimberly-Clark Corporation by 87.3% in the first quarter. Bahl & Gaynor Inc. now owns 820,081 shares of the company’s stock valued at $107,947,000 after buying an additional 382,208 shares in the last quarter. Finally, Swiss National Bank boosted its position in Kimberly-Clark Corporation by 20.5% in the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock valued at $218,180,000 after buying an additional 282,300 shares in the last quarter. Hedge funds and other institutional investors own 70.08% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) traded up 0.210% during mid-day trading on Monday, reaching $121.775. The company’s stock had a trading volume of 161,118 shares. The company has a market capitalization of $43.02 billion, a price-to-earnings ratio of 20.333 and a beta of 0.76. 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 price of $122.99 and a 200-day moving average price of $128.55.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period in the prior year, the business posted $1.53 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be given a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 annualized dividend and a yield of 3.19%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
KMB has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. BidaskClub cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Zacks Investment Research cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Finally, UBS AG restated a “neutral” rating and issued a $119.00 price target (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus price target of $133.07.
In related news, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sergio Cruz sold 7,078 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now owns 4,910 shares in the company, valued at $638,349.10. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.
About Kimberly-Clark Corporation
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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