Kimberly-Clark Corporation (KMB) Shares Bought by Eastern Bank
Eastern Bank increased its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,514 shares of the company’s stock after purchasing an additional 1,104 shares during the period. Eastern Bank’s holdings in Kimberly-Clark Corporation were worth $13,365,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Kimberly-Clark Corporation by 1.3% during the 1st quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after purchasing an additional 225,993 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Kimberly-Clark Corporation by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after purchasing an additional 207,316 shares during the last quarter. FMR LLC raised its position in shares of Kimberly-Clark Corporation by 23.4% during the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after purchasing an additional 491,121 shares during the last quarter. APG Asset Management N.V. raised its position in shares of Kimberly-Clark Corporation by 85.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after purchasing an additional 929,300 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Kimberly-Clark Corporation by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after purchasing an additional 68,776 shares during the last quarter. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 121.10 on Friday. The stock has a market cap of $42.78 billion, a PE ratio of 20.22 and a beta of 0.78. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The stock has a 50 day moving average of $121.55 and a 200 day moving average of $127.86.
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, meeting analysts’ consensus estimates of $1.49. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 earnings per share. Equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
In other news, Director Robert W. Decherd acquired 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the transaction, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $133.00 price objective on shares of Kimberly-Clark Corporation in a research note on Wednesday, May 31st. Berenberg Bank assumed coverage on shares of Kimberly-Clark Corporation in a research note on Friday, June 9th. They set a “hold” rating and a $136.00 price objective for the company. Finally, Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $132.07.
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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