Shell Asset Management Co. Cuts Holdings in Kimberly-Clark Corporation (KMB)
Shell Asset Management Co. cut its stake in Kimberly-Clark Corporation (NYSE:KMB) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,994 shares of the company’s stock after selling 4,323 shares during the quarter. Shell Asset Management Co.’s holdings in Kimberly-Clark Corporation were worth $7,488,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in KMB. Tortoise Investment Management LLC grew its stake in shares of Kimberly-Clark Corporation by 4.7% during the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after acquiring an additional 34 shares in the last quarter. Heritage Trust Co acquired a new stake in shares of Kimberly-Clark Corporation during the first quarter valued at about $118,000. Acrospire Investment Management LLC grew its stake in shares of Kimberly-Clark Corporation by 125.0% during the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after acquiring an additional 500 shares in the last quarter. Armbruster Capital Management Inc. grew its stake in shares of Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after acquiring an additional 250 shares in the last quarter. Finally, V Wealth Management LLC acquired a new stake in shares of Kimberly-Clark Corporation during the second quarter valued at about $123,000. 70.10% of the stock is currently owned by institutional investors.
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Kimberly-Clark Corporation (KMB) opened at 120.31 on Thursday. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The company has a 50-day moving average price of $122.35 and a 200-day moving average price of $128.49. The firm has a market capitalization of $42.51 billion, a P/E ratio of 20.09 and a beta of 0.78.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.49. The business had revenue of $4.55 billion for 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 revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.23%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
Several brokerages have recently weighed in on KMB. BidaskClub upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and set a $133.00 target price on shares of Kimberly-Clark Corporation in a research note on Wednesday, May 31st. Berenberg Bank began coverage on Kimberly-Clark Corporation in a research note on Friday, June 9th. They set a “hold” rating and a $136.00 target price for the company. Finally, Zacks Investment Research downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $133.07.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the purchase, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.
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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