BlueMountain Capital Management LLC Has $2.55 Million Holdings in Kimberly-Clark Corporation (KMB)
BlueMountain Capital Management LLC raised its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,769 shares of the company’s stock after purchasing an additional 267 shares during the period. BlueMountain Capital Management LLC’s holdings in Kimberly-Clark Corporation were worth $2,552,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Martin Investment Management LLC acquired a new position in Kimberly-Clark Corporation during the second quarter valued at approximately $443,000. Pax World Management LLC grew its holdings in Kimberly-Clark Corporation by 7.7% during the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after purchasing an additional 200 shares during the last quarter. Boston Family Office LLC grew its holdings in Kimberly-Clark Corporation by 0.8% during the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after purchasing an additional 90 shares during the last quarter. Legal & General Group Plc grew its holdings in Kimberly-Clark Corporation by 3.7% during the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after purchasing an additional 68,776 shares during the last quarter. Finally, Strategy Asset Managers LLC grew its holdings in Kimberly-Clark Corporation by 80.0% during the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after purchasing an additional 1,390 shares during the last quarter. Institutional investors own 70.40% of the company’s stock.
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Kimberly-Clark Corporation (KMB) opened at $114.32 on Friday. The company has a market capitalization of $40,420.00, a price-to-earnings ratio of 18.75, a P/E/G ratio of 2.98 and a beta of 0.74. Kimberly-Clark Corporation has a 12-month low of $109.67 and a 12-month high of $136.21. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. Kimberly-Clark Corporation’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $1.52 earnings per share. analysts predict that Kimberly-Clark Corporation will post 6.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be given a $0.97 dividend. The ex-dividend date is Thursday, December 7th. This represents a $3.88 annualized dividend and a yield of 3.39%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.03%.
KMB has been the topic of several research analyst reports. Societe Generale upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and raised their price objective for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Royal Bank Of Canada restated a “hold” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a research note on Friday, September 8th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $119.00 price objective on shares of Kimberly-Clark Corporation in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $127.14.
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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