Dynamic Capital Management Ltd Invests $6.96 Million in Kimberly-Clark Corporation (NYSE:KMB)
Dynamic Capital Management Ltd purchased a new stake in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,863 shares of the company’s stock, valued at approximately $6,958,000. Kimberly-Clark Corporation makes up 1.1% of Dynamic Capital Management Ltd’s holdings, making the stock its 14th largest position.
Several other large investors have also bought and sold shares of the stock. Macquarie Group Ltd. increased its position in shares of Kimberly-Clark Corporation by 16.8% in the fourth quarter. Macquarie Group Ltd. now owns 121,083 shares of the company’s stock worth $13,818,000 after buying an additional 17,400 shares during the last quarter. Chesley Taft & Associates LLC increased its position in shares of Kimberly-Clark Corporation by 1.9% in the first quarter. Chesley Taft & Associates LLC now owns 9,047 shares of the company’s stock worth $1,191,000 after buying an additional 170 shares during the last quarter. GW&K Investment Management LLC increased its position in shares of Kimberly-Clark Corporation by 3.0% in the first quarter. GW&K Investment Management LLC now owns 7,509 shares of the company’s stock worth $988,000 after buying an additional 217 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of Kimberly-Clark Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 112,295 shares of the company’s stock worth $14,781,000 after buying an additional 1,400 shares during the last quarter. Finally, Lynch & Associates IN increased its position in shares of Kimberly-Clark Corporation by 1.3% in the first quarter. Lynch & Associates IN now owns 11,422 shares of the company’s stock worth $1,503,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 70.62% of the company’s stock.
Kimberly-Clark Corporation (NYSE:KMB) traded down 0.16% during mid-day trading on Thursday, reaching $121.41. 51,883 shares of the company’s stock traded hands. The stock’s 50 day moving average is $125.71 and its 200-day moving average is $128.53. The stock has a market capitalization of $42.89 billion, a PE ratio of 20.27 and a beta of 0.76. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.49. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm posted $1.53 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.19%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
A number of brokerages have recently issued reports on KMB. B. Riley reaffirmed a “neutral” rating and issued a $128.00 price objective on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. Jefferies Group LLC began coverage on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 18th. They issued a “hold” rating and a $134.00 price objective on the stock. Finally, Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, twelve have issued 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 an average price target of $133.14.
In other news, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at $3,016,093.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. 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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