Kimberly-Clark Corporation (NYSE:KMB) is Blackhill Capital Inc.’s 10th Largest Position
Blackhill Capital Inc. held its stake in Kimberly-Clark Corporation (NYSE:KMB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,300 shares of the company’s stock at the end of the second quarter. Kimberly-Clark Corporation comprises approximately 2.6% of Blackhill Capital Inc.’s investment portfolio, making the stock its 10th largest position. Blackhill Capital Inc.’s holdings in Kimberly-Clark Corporation were worth $13,337,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of KMB. Swiss National Bank raised its stake in Kimberly-Clark Corporation by 20.5% in the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock worth $218,180,000 after buying an additional 282,300 shares in the last quarter. Decatur Capital Management Inc. bought a new stake in Kimberly-Clark Corporation during the first quarter worth $7,454,000. Delta Asset Management LLC TN raised its stake in Kimberly-Clark Corporation by 2.4% in the first quarter. Delta Asset Management LLC TN now owns 3,020 shares of the company’s stock worth $397,000 after buying an additional 70 shares in the last quarter. Davis R M Inc. raised its stake in Kimberly-Clark Corporation by 3.5% in the first quarter. Davis R M Inc. now owns 31,653 shares of the company’s stock worth $4,166,000 after buying an additional 1,067 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in Kimberly-Clark Corporation by 16.1% in the first quarter. DnB Asset Management AS now owns 41,057 shares of the company’s stock worth $5,404,000 after buying an additional 5,700 shares in the last quarter. Institutional investors own 70.62% of the company’s stock.
Shares of Kimberly-Clark Corporation (KMB) traded down 0.26% during mid-day trading on Thursday, hitting $121.29. The stock had a trading volume of 372,196 shares. The firm has a market cap of $42.85 billion, a PE ratio of 20.25 and a beta of 0.76. The stock’s 50-day moving average is $125.71 and its 200 day moving average is $128.53. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last released 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 business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 EPS. Equities research analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently disclosed 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 of this dividend is Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.19%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.
A number of analysts have weighed in on KMB shares. B. Riley restated a “neutral” rating and set a $128.00 target price on shares of Kimberly-Clark Corporation in a report on Sunday, April 23rd. BidaskClub lowered Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC started coverage on Kimberly-Clark Corporation in a report on Tuesday, April 18th. They set a “hold” rating and a $134.00 target price for the company. Berenberg Bank started coverage on Kimberly-Clark Corporation in a report on Friday, June 9th. They set a “hold” rating and a $136.00 target price for the company. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Tuesday, April 25th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $133.14.
In other news, Director Robert W. Decherd acquired 1,500 shares of the firm’s 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 transaction, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Thomas J. Mielke sold 20,108 shares of Kimberly-Clark Corporation stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the sale, the senior vice president now directly owns 23,543 shares of the company’s stock, valued at $3,016,093.73. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.
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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