Kimberly-Clark Corporation (KMB) Shares Bought by National Pension Service
National Pension Service raised its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 12.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,046 shares of the company’s stock after purchasing an additional 31,753 shares during the quarter. National Pension Service owned 0.08% of Kimberly-Clark Corporation worth $36,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in KMB. OMERS ADMINISTRATION Corp bought a new stake in Kimberly-Clark Corporation during the first quarter valued at approximately $93,657,000. APG Asset Management N.V. lifted its position in Kimberly-Clark Corporation by 103.7% during the first quarter. APG Asset Management N.V. now owns 1,088,844 shares of the company’s stock valued at $143,325,000 after purchasing an additional 554,200 shares during the last quarter. FMR LLC lifted its position in Kimberly-Clark Corporation by 23.4% during the first 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 during the last quarter. TIAA CREF Investment Management LLC lifted its position in Kimberly-Clark Corporation by 35.0% during the first quarter. TIAA CREF Investment Management LLC now owns 1,659,203 shares of the company’s stock valued at $218,401,000 after purchasing an additional 429,763 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in Kimberly-Clark Corporation by 40.1% during the first quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock valued at $197,742,000 after purchasing an additional 429,680 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting analysts’ consensus estimates of $1.49. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 EPS.
The company 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 is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.30%. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
Several brokerages have issued reports on KMB. BidaskClub upgraded 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 target price on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. Citigroup Inc. set a $132.00 target price on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. UBS AG reiterated a “neutral” rating and set a $119.00 target price (down from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Finally, Berenberg Bank began coverage on shares of Kimberly-Clark Corporation in a report on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $132.07.
In other news, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by corporate insiders.
Kimberly-Clark Corporation 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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