Eaton Vance Management Grows Holdings in Kimberly Clark Corp (KMB)
Eaton Vance Management raised its position in Kimberly Clark Corp (NYSE:KMB) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,402 shares of the company’s stock after acquiring an additional 1,301 shares during the quarter. Eaton Vance Management’s holdings in Kimberly Clark were worth $10,501,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in shares of Kimberly Clark during the second quarter worth about $40,577,000. PVG Asset Management Corp grew its position in shares of Kimberly Clark by 159.8% during the second quarter. PVG Asset Management Corp now owns 10,783 shares of the company’s stock worth $1,135,000 after buying an additional 6,633 shares in the last quarter. MAI Capital Management grew its position in shares of Kimberly Clark by 22.7% during the second quarter. MAI Capital Management now owns 3,206 shares of the company’s stock worth $338,000 after buying an additional 593 shares in the last quarter. Cleararc Capital Inc. grew its position in shares of Kimberly Clark by 254.1% during the second quarter. Cleararc Capital Inc. now owns 31,751 shares of the company’s stock worth $3,345,000 after buying an additional 22,784 shares in the last quarter. Finally, Centaurus Financial Inc. grew its position in shares of Kimberly Clark by 87.7% during the second quarter. Centaurus Financial Inc. now owns 3,854 shares of the company’s stock worth $406,000 after buying an additional 1,801 shares in the last quarter. 72.10% of the stock is owned by institutional investors.
In related news, SVP Jeffrey P. Melucci sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total transaction of $111,180.00. Following the transaction, the senior vice president now owns 4,132 shares of the company’s stock, valued at $459,395.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael T. Azbell sold 13,565 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $115.00, for a total value of $1,559,975.00. Following the transaction, the vice president now directly owns 6,432 shares in the company, valued at approximately $739,680. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.
Kimberly Clark stock opened at $112.51 on Thursday. Kimberly Clark Corp has a 12 month low of $97.10 and a 12 month high of $123.77. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49. The company has a market cap of $38.96 billion, a PE ratio of 18.06, a P/E/G ratio of 2.73 and a beta of 0.69.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 22nd. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.07. Kimberly Clark had a return on equity of 535.49% and a net margin of 8.74%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the prior year, the business earned $1.60 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Friday, December 7th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, December 6th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
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Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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