Kimberly-Clark Corporation (KMB) Shares Bought by Barings LLC
Barings LLC grew its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 16.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,755 shares of the company’s stock after purchasing an additional 1,080 shares during the period. Barings LLC’s holdings in Kimberly-Clark Corporation were worth $1,021,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Tortoise Investment Management LLC increased its holdings in Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares in the last quarter. Heritage Trust Co bought a new stake in Kimberly-Clark Corporation during the 1st quarter worth approximately $118,000. Acrospire Investment Management LLC increased its holdings in Kimberly-Clark Corporation by 125.0% during the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 500 shares in the last quarter. Armbruster Capital Management Inc. increased its holdings in Kimberly-Clark Corporation by 38.5% during the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 250 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. increased its holdings in Kimberly-Clark Corporation by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares in the last quarter. 70.10% of the stock is owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (KMB) traded up 1.20% during trading on Monday, reaching $119.55. The company had a trading volume of 936,463 shares. The firm has a market capitalization of $42.24 billion, a PE ratio of 19.96 and a beta of 0.78. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm’s 50 day moving average price is $121.97 and its 200 day moving average price is $128.26.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the 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 business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 EPS. Equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.28%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
Several equities analysts have recently issued reports on KMB shares. Zacks Investment Research lowered Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. BidaskClub lowered Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. UBS AG lowered Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the company from $134.00 to $120.00 in a report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the company a “buy” rating in a 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 stock. The stock has an average rating of “Hold” and an average target price of $132.86.
In related news, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the purchase, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by insiders.
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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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