Meristem LLP continued to hold its position in Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,614 shares of the company’s stock at the end of the first quarter. Meristem LLP’s holdings in Kimberly-Clark Corporation were worth $476,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of KMB. Bank of New York Mellon Corp boosted its position in Kimberly-Clark Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock valued at $566,053,000 after buying an additional 207,316 shares in the last quarter. Norges Bank purchased a new position in Kimberly-Clark Corporation during the fourth quarter valued at about $289,546,000. American Century Companies Inc. boosted its position in Kimberly-Clark Corporation by 5.9% in the first quarter. American Century Companies Inc. now owns 1,746,205 shares of the company’s stock valued at $229,853,000 after buying an additional 97,439 shares in the last quarter. Swiss National Bank boosted its position in Kimberly-Clark Corporation by 20.5% in the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock valued at $218,180,000 after buying an additional 282,300 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Kimberly-Clark Corporation by 12.9% in the first quarter. UBS Asset Management Americas Inc. now owns 1,175,384 shares of the company’s stock valued at $154,716,000 after buying an additional 134,646 shares in the last quarter. Hedge funds and other institutional investors own 70.03% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 124.69 on Tuesday. The stock’s 50 day moving average is $129.69 and its 200-day moving average is $126.77. The stock has a market cap of $44.26 billion, a price-to-earnings ratio of 20.58 and a beta of 0.78. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.67.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Monday, April 24th. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. Kimberly-Clark Corporation had a return on equity of 602.48% and a net margin of 11.99%. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the business posted $1.53 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts anticipate that Kimberly-Clark Corporation will post $6.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Wednesday, June 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.13%.
KMB has been the subject of several analyst reports. Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a report on Friday, July 7th. Vetr lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a report on Tuesday, April 18th. J P Morgan Chase & Co initiated coverage on shares of Kimberly-Clark Corporation in a report on Tuesday, March 21st. They issued a “neutral” rating and a $139.00 price target for the company. Finally, BidaskClub lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. Kimberly-Clark Corporation has an average rating of “Hold” and a consensus target price of $133.36.
In other news, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total value of $2,576,035.88. Following the completion of the transaction, the senior vice president now owns 23,543 shares in the company, valued at $3,016,093.73. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Sandra Macquillan sold 5,081 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $129.82, for a total value of $659,615.42. Following the completion of the transaction, the senior vice president now owns 5,364 shares of the company’s stock, valued at approximately $696,354.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,267 shares of company stock valued at $4,155,862. Company insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation Company 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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