Financial Architects Inc raised its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,060 shares of the company’s stock after buying an additional 61 shares during the period. Financial Architects Inc’s holdings in Kimberly-Clark Corporation were worth $395,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp raised its stake in Kimberly-Clark Corporation by 1.3% in the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock valued at $2,323,785,000 after buying an additional 225,993 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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. FMR LLC raised its stake 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 buying an additional 491,121 shares in the last quarter. APG Asset Management N.V. raised its stake 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 buying an additional 929,300 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after buying an additional 68,776 shares in the last quarter. Institutional investors and hedge funds own 70.15% of the company’s stock.
Shares of Kimberly-Clark Corporation (KMB) traded up 0.56% during trading on Thursday, hitting $123.02. 532,899 shares of the stock were exchanged. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The stock has a market cap of $43.46 billion, a price-to-earnings ratio of 20.54 and a beta of 0.76. The stock’s 50 day moving average is $124.20 and its 200-day moving average is $128.56.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the company earned $1.53 earnings per share. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
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Several analysts have recently commented on KMB shares. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a research report on Friday, July 7th. Royal Bank Of Canada restated a “sector perform” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Zacks Investment Research lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, BidaskClub lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $133.07.
In other news, insider Sergio Cruz sold 7,078 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the sale, the insider now owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate 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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