Kimberly-Clark Corporation (KMB) Position Lowered by FIL Ltd
FIL Ltd decreased its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 34.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 602,843 shares of the company’s stock after selling 314,915 shares during the period. FIL Ltd owned 0.17% of Kimberly-Clark Corporation worth $79,352,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in KMB. Tortoise Investment Management LLC boosted its position in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the period. Acrospire Investment Management LLC boosted its position in shares of Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. boosted its position in shares of Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the period. Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the first quarter valued at $118,000. Finally, Clean Yield Group acquired a new position in shares of Kimberly-Clark Corporation during the first quarter valued at $145,000. 70.08% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (KMB) traded up 0.0535% during midday trading on Friday, reaching $123.3559. 264,351 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $122.60 and its 200 day moving average is $128.53. The firm has a market capitalization of $43.58 billion, a price-to-earnings ratio of 20.5971 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 released its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the firm posted $1.53 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share 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. This represents a $3.88 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is 64.88%.
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Several brokerages have recently weighed in on KMB. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. BidaskClub cut shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. 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 note on Monday, June 19th. Finally, UBS AG cut shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $134.00 to $120.00 in a research note on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $133.07.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate 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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