Formidable Asset Management LLC Trims Holdings in Kimberly-Clark Corporation (KMB)
Formidable Asset Management LLC cut its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 22.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,938 shares of the company’s stock after selling 575 shares during the quarter. Formidable Asset Management LLC’s holdings in Kimberly-Clark Corporation were worth $250,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in KMB. APG Asset Management N.V. raised its holdings in shares of 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 purchasing an additional 929,300 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Kimberly-Clark Corporation in the 1st quarter valued at $93,657,000. Alliancebernstein L.P. raised its holdings in shares of Kimberly-Clark Corporation by 83.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock valued at $183,043,000 after purchasing an additional 645,881 shares in the last quarter. FMR LLC raised its holdings in shares of 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 purchasing an additional 491,121 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Kimberly-Clark Corporation by 89.9% in the 2nd quarter. Principal Financial Group Inc. now owns 987,533 shares of the company’s stock valued at $127,500,000 after purchasing an additional 467,559 shares in the last quarter. Institutional investors own 70.40% of the company’s stock.
A number of brokerages have recently weighed in on KMB. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Bank of America Corporation reduced their price objective on shares of Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, UBS AG restated a “neutral” rating and issued a $119.00 price objective (down from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.14.
Shares of Kimberly-Clark Corporation (KMB) opened at $114.32 on Friday. Kimberly-Clark Corporation has a one year low of $109.67 and a one year high of $136.21. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The company has a market cap of $40,420.00, a price-to-earnings ratio of 18.75, a P/E/G ratio of 2.98 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the firm posted $1.52 EPS. Kimberly-Clark Corporation’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts predict that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.03%.
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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