Boston Financial Mangement LLC lessened its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,456 shares of the company’s stock after selling 1,491 shares during the quarter. Boston Financial Mangement LLC’s holdings in Kimberly-Clark Corporation were worth $2,641,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of KMB. APG Asset Management N.V. raised its position in Kimberly-Clark Corporation by 85.3% during 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 acquiring an additional 929,300 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Kimberly-Clark Corporation during the first quarter valued at approximately $93,657,000. FMR LLC raised its position in Kimberly-Clark Corporation by 23.4% during the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after acquiring an additional 491,121 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Kimberly-Clark Corporation by 35.0% during 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 acquiring an additional 429,763 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Kimberly-Clark Corporation by 40.1% during the first quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock valued at $197,742,000 after acquiring an additional 429,680 shares in the last quarter. 70.10% of the stock is currently owned by hedge funds and other institutional investors.
KMB has been the topic of several recent research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $133.00 price objective on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. Berenberg Bank initiated coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a “hold” rating and a $136.00 price objective on the stock. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a research report on Friday, July 7th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $132.07.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 121.10 on Friday. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The firm has a market cap of $42.78 billion, a P/E ratio of 20.22 and a beta of 0.78. The stock has a 50 day moving average of $121.55 and a 200 day moving average of $127.86.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the prior year, the business earned $1.53 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd purchased 1,500 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.
WARNING: This piece was first reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://transcriptdaily.com/2017/09/17/boston-financial-mangement-llc-sells-1491-shares-of-kimberly-clark-corporation-kmb.html.
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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corporation and related companies with MarketBeat.com's FREE daily email newsletter.