Credit Suisse AG Sells 7,648 Shares of Kimberly-Clark Corporation (KMB)
Credit Suisse AG cut its position in Kimberly-Clark Corporation (NYSE:KMB) by 0.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,042,140 shares of the company’s stock after selling 7,648 shares during the quarter. Credit Suisse AG owned about 0.29% of Kimberly-Clark Corporation worth $137,177,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Tortoise Investment Management LLC raised its holdings in Kimberly-Clark Corporation by 4.7% in the 1st 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 position in Kimberly-Clark Corporation in the 1st quarter valued at $118,000. Acrospire Investment Management LLC raised its holdings in Kimberly-Clark Corporation by 125.0% in the 1st 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. raised its holdings in Kimberly-Clark Corporation by 38.5% in the 1st 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, Sterling Investment Advisors Ltd. raised its holdings in Kimberly-Clark Corporation by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after acquiring an additional 400 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 business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost 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 of the company’s stock, valued at $5,309,291.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is owned by company insiders.
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KMB has been the subject of several analyst reports. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Citigroup Inc. set a $134.00 price objective on Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $119.00 price objective on shares of Kimberly-Clark Corporation in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $132.86.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded up 1.223% during trading on Monday, reaching $119.575. The company’s stock had a trading volume of 936,848 shares. The stock’s 50-day moving average is $121.97 and its 200-day moving average is $128.26. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The stock has a market cap of $42.25 billion, a P/E ratio of 19.966 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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. Kimberly-Clark Corporation’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. Equities research analysts anticipate 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 annualized dividend and a dividend yield of 3.28%. Kimberly-Clark Corporation’s payout ratio is presently 64.88%.
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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