Kimberly-Clark Corporation (KMB) Shares Sold by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. trimmed its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 40.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,579 shares of the company’s stock after selling 33,849 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Kimberly-Clark Corporation were worth $6,401,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. APG Asset Management N.V. increased its position in shares of Kimberly-Clark Corporation by 85.3% during the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after purchasing an additional 929,300 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Kimberly-Clark Corporation during the first quarter worth approximately $93,657,000. FMR LLC increased its position in shares of Kimberly-Clark Corporation by 23.4% during the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after purchasing an additional 491,121 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of 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 worth $218,401,000 after purchasing an additional 429,763 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Kimberly-Clark Corporation by 40.1% during the first quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock worth $197,742,000 after purchasing an additional 429,680 shares in the last quarter. 70.10% of the stock is owned by institutional investors and hedge funds.
In related news, Director Robert W. Decherd purchased 1,500 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the transaction, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.
KMB has been the subject of several research reports. BidaskClub upgraded 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 price target on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “hold” rating and set a $122.00 price target (down from $133.00) on shares of Kimberly-Clark Corporation in a research report on Thursday, July 6th. Finally, Berenberg Bank initiated coverage on Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a “hold” rating and a $136.00 price target for the company. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $130.93.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 117.19 on Thursday. The firm has a 50-day moving average price of $120.23 and a 200 day moving average price of $126.38. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The stock has a market capitalization of $41.40 billion, a PE ratio of 19.57 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the consensus estimate of $1.49. The company 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%. Kimberly-Clark Corporation’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 earnings per share. On average, equities analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is 64.88%.
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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