Kimberly-Clark Corporation (KMB) Shares Sold by Valueinvest Asset Management S.A.
Valueinvest Asset Management S.A. trimmed its position in Kimberly-Clark Corporation (NYSE:KMB) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,676,700 shares of the company’s stock after selling 40,600 shares during the quarter. Kimberly-Clark Corporation makes up 13.4% of Valueinvest Asset Management S.A.’s investment portfolio, making the stock its largest position. Valueinvest Asset Management S.A. owned approximately 0.47% of Kimberly-Clark Corporation worth $220,704,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in KMB. OMERS ADMINISTRATION Corp acquired a new stake in shares of Kimberly-Clark Corporation in the 1st quarter valued at $93,657,000. APG Asset Management N.V. raised its holdings in shares of Kimberly-Clark Corporation by 103.7% in the 1st quarter. APG Asset Management N.V. now owns 1,088,844 shares of the company’s stock valued at $143,325,000 after purchasing an additional 554,200 shares in the last quarter. FMR LLC raised its holdings in shares of Kimberly-Clark Corporation by 23.4% in the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after purchasing an additional 491,121 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Kimberly-Clark Corporation by 35.0% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,659,203 shares of the company’s stock valued at $218,401,000 after purchasing an additional 429,763 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Kimberly-Clark Corporation by 40.1% in the 1st quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock valued at $197,742,000 after purchasing an additional 429,680 shares in the last quarter. Institutional investors and hedge funds own 70.10% of the company’s stock.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the purchase, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by insiders.
A number of brokerages have recently weighed in on KMB. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. BidaskClub downgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Friday. Finally, Goldman Sachs Group, Inc. (The) set a $157.00 target price on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. Three research 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. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus target price of $132.86.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 1.24% on Friday, reaching $118.13. 1,813,361 shares of the company’s stock traded hands. The stock has a market capitalization of $41.74 billion, a PE ratio of 19.72 and a beta of 0.78. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The company has a 50 day moving average of $122.07 and a 200-day moving average of $128.35.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting 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 firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the firm earned $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 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 annualized dividend and a yield of 3.28%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
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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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