Profund Advisors LLC lifted its position in Kimberly-Clark Corporation (NYSE:KMB) by 25.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,545 shares of the company’s stock after buying an additional 2,155 shares during the quarter. Profund Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $1,361,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Kimberly-Clark Corporation by 1.3% during the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after purchasing an additional 225,993 shares during the period. Wells Fargo & Company MN boosted its position in Kimberly-Clark Corporation by 3.3% during the second quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after purchasing an additional 181,517 shares during the period. Federated Investors Inc. PA boosted its position in Kimberly-Clark Corporation by 1.7% during the second quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after purchasing an additional 55,108 shares during the period. FMR LLC boosted 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 worth $340,841,000 after purchasing an additional 491,121 shares during the period. Finally, APG Asset Management N.V. boosted 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 worth $260,563,000 after purchasing an additional 929,300 shares during the period. 70.40% of the stock is owned by institutional investors and hedge funds.
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Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at $114.32 on Friday. Kimberly-Clark Corporation has a twelve month low of $109.67 and a twelve month high of $136.21. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The firm has a market capitalization of $40,212.86, a price-to-earnings ratio of 18.71, a PEG ratio of 2.97 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter last year, the firm earned $1.52 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. research analysts forecast that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Thursday, December 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.03%.
A number of research firms have commented on KMB. Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. UBS AG reaffirmed a “neutral” rating and set a $119.00 price objective (down from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Finally, BidaskClub cut shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and an average price target 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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