Kimberly-Clark Corporation (KMB) Shares Bought by NN Investment Partners Holdings N.V.
NN Investment Partners Holdings N.V. grew its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 2,838.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,016 shares of the company’s stock after acquiring an additional 68,599 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Kimberly-Clark Corporation were worth $9,169,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pennsylvania Trust Co raised its stake in Kimberly-Clark Corporation by 36.2% during the second quarter. Pennsylvania Trust Co now owns 46,314 shares of the company’s stock worth $5,980,000 after acquiring an additional 12,309 shares in the last quarter. Hays Advisory LLC raised its stake in Kimberly-Clark Corporation by 4.9% during the second quarter. Hays Advisory LLC now owns 2,203 shares of the company’s stock worth $284,000 after acquiring an additional 103 shares in the last quarter. First Financial Bank Trust Division raised its stake in Kimberly-Clark Corporation by 15.3% during the second quarter. First Financial Bank Trust Division now owns 7,551 shares of the company’s stock worth $974,000 after acquiring an additional 1,002 shares in the last quarter. GW&K Investment Management LLC raised its stake in Kimberly-Clark Corporation by 43.7% during the second quarter. GW&K Investment Management LLC now owns 10,788 shares of the company’s stock worth $1,393,000 after acquiring an additional 3,279 shares in the last quarter. Finally, Marshwinds Advisory Co. raised its stake in Kimberly-Clark Corporation by 8.4% during the second quarter. Marshwinds Advisory Co. now owns 5,609 shares of the company’s stock worth $724,000 after acquiring an additional 437 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on KMB. BidaskClub raised 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 stock a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC reissued 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 report on Friday, June 9th. They set a “hold” rating and a $136.00 price target on the stock. Finally, Zacks Investment Research cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company. Kimberly-Clark Corporation has a consensus rating of “Hold” and a consensus target price of $132.07.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded down 0.41% during mid-day trading on Friday, reaching $117.63. The company had a trading volume of 448,624 shares. The firm has a market capitalization of $41.56 billion, a PE ratio of 19.64 and a beta of 0.78. The stock has a 50 day moving average price of $121.49 and a 200 day moving average price of $127.61. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21.
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 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 return on equity of 636.30% and a net margin of 11.82%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 EPS. On average, equities analysts forecast that Kimberly-Clark Corporation will post $6.21 earnings per share 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. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.30%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.
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 cost of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is owned by insiders.
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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