Stephens Inc. AR Increases Stake in Kimberly-Clark Corporation (KMB)
Stephens Inc. AR increased its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,837 shares of the company’s stock after buying an additional 1,799 shares during the period. Stephens Inc. AR’s holdings in Kimberly-Clark Corporation were worth $12,352,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in KMB. OMERS ADMINISTRATION Corp purchased a new position in shares of Kimberly-Clark Corporation during the first quarter valued at $93,657,000. APG Asset Management N.V. increased its stake in shares of Kimberly-Clark Corporation by 103.7% during 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 during the period. FMR LLC increased its stake in shares of Kimberly-Clark Corporation by 23.4% during 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 increased its stake in shares of Kimberly-Clark Corporation by 35.0% during 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. increased its stake in shares of Kimberly-Clark Corporation by 40.1% during 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. Hedge funds and other institutional investors own 70.10% of the company’s stock.
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Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 0.06% during midday trading on Monday, reaching $123.21. The company’s stock had a trading volume of 1,073,568 shares. The company has a market cap of $43.53 billion, a P/E ratio of 20.57 and a beta of 0.78. The stock’s 50-day moving average price is $122.58 and its 200-day moving average price is $128.53. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period last year, the firm earned $1.53 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The business also recently disclosed 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 of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.15%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
KMB has been the topic of a number of recent research reports. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Citigroup Inc reaffirmed a “neutral” rating and set a $131.00 price objective (down previously from $132.00) on shares of Kimberly-Clark Corporation in a research report on Friday, August 11th. BidaskClub downgraded Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Finally, UBS Group AG reaffirmed a “neutral” rating and set a $119.00 price objective (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $133.07.
In related news, Director Robert W. Decherd acquired 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $122.21 per share, with a total value of $183,315.00. Following the transaction, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.
Kimberly-Clark Corporation 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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