Kimberly-Clark Corporation (KMB) Position Cut by World Asset Management Inc
World Asset Management Inc reduced its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,957 shares of the company’s stock after selling 4,751 shares during the period. World Asset Management Inc’s holdings in Kimberly-Clark Corporation were worth $4,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in KMB. Tortoise Investment Management LLC boosted its holdings in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares in the last quarter. Heritage Trust Co purchased a new stake in shares of Kimberly-Clark Corporation during the first quarter worth about $118,000. Acrospire Investment Management LLC grew its stake in shares of Kimberly-Clark Corporation by 125.0% during the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 500 shares during the last quarter. Armbruster Capital Management Inc. grew its stake in shares of Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 250 shares during the last quarter. Finally, V Wealth Management LLC purchased a new stake in shares of Kimberly-Clark Corporation during the second quarter worth about $123,000. 70.10% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on KMB shares. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. UBS AG lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and cut their price target for the company from $134.00 to $120.00 in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) set a $157.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. Kimberly-Clark Corporation has a consensus rating of “Hold” and a consensus price target of $132.07.
Kimberly-Clark Corporation (KMB) opened at 117.68 on Monday. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The stock has a 50 day moving average price of $121.49 and a 200 day moving average price of $127.61. The firm has a market cap of $41.58 billion, a PE ratio of 19.65 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm posted $1.53 EPS. Equities research analysts expect 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 paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.30%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
In related news, Director Robert W. Decherd purchased 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were 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 directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate insiders.
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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