Kimberly-Clark Corporation (KMB) Holdings Held by Novare Capital Management LLC
Novare Capital Management LLC continued to hold its stake in Kimberly-Clark Corporation (NYSE:KMB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,220 shares of the company’s stock at the end of the 2nd quarter. Novare Capital Management LLC’s holdings in Kimberly-Clark Corporation were worth $416,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in KMB. APG Asset Management N.V. lifted its position in Kimberly-Clark Corporation by 85.3% in the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after purchasing an additional 929,300 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in Kimberly-Clark Corporation in the first quarter valued at about $93,657,000. FMR LLC lifted its position in Kimberly-Clark Corporation by 23.4% in the first 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 during the period. TIAA CREF Investment Management LLC lifted its position in Kimberly-Clark Corporation by 35.0% in the first 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 during the period. Finally, Prudential Financial Inc. lifted its position in Kimberly-Clark Corporation by 40.1% in the first 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 during the period. Hedge funds and other institutional investors own 70.10% of the company’s stock.
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In other news, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction dated 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 completion of the acquisition, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by insiders.
Shares of Kimberly-Clark Corporation (KMB) opened at 117.47 on Friday. The firm has a 50-day moving average of $120.09 and a 200 day moving average of $126.32. The stock has a market capitalization of $41.50 billion, a PE ratio of 19.61 and a beta of 0.76. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.30%. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
A number of research analysts have issued reports on KMB shares. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. 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 report on Monday, June 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $122.00 target price (down from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Berenberg Bank started coverage on shares of Kimberly-Clark Corporation in a report on Friday, June 9th. They issued a “hold” rating and a $136.00 target price for the company. Finally, Zacks Investment Research cut shares of 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 given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $130.93.
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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