Pictet Asset Management Ltd. reduced its position in Kimberly-Clark Corporation (NYSE:KMB) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,933 shares of the company’s stock after selling 16,750 shares during the quarter. Pictet Asset Management Ltd. owned approximately 0.09% of Kimberly-Clark Corporation worth $42,803,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. APG Asset Management N.V. grew its position in Kimberly-Clark Corporation by 85.3% in the 2nd 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 acquired a new position in Kimberly-Clark Corporation in the 1st quarter valued at about $93,657,000. FMR LLC grew its position in Kimberly-Clark Corporation by 23.4% in the 1st 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 grew its position in Kimberly-Clark Corporation by 35.0% in the 1st 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. grew its position in Kimberly-Clark Corporation by 40.1% in the 1st 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 owned by institutional investors.
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Several equities analysts have weighed in on KMB shares. Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. 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 research report on Thursday, July 6th. Citigroup Inc. set a $134.00 price objective on Kimberly-Clark Corporation and gave the company a “sell” rating in a research note on Friday, July 7th. Finally, Zacks Investment Research cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $130.93.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 115.39 on Friday. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The stock has a market cap of $40.77 billion, a PE ratio of 19.27 and a beta of 0.76. The company’s 50-day moving average price is $119.89 and its 200 day moving average price is $126.19.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting analysts’ consensus estimates of $1.49. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.53 earnings per share. Equities analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 8th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
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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