Kimberly-Clark Corporation (NYSE:KMB) Position Cut by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund reduced its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 29.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,473 shares of the company’s stock after selling 33,900 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Kimberly-Clark Corporation were worth $10,261,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its position 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 buying an additional 34 shares during the period. Acrospire Investment Management LLC increased its position in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. increased its position in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares during the period. Heritage Trust Co bought a new position in Kimberly-Clark Corporation during the first quarter worth $118,000. Finally, Sterling Investment Advisors Ltd. increased its position in Kimberly-Clark Corporation by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after buying an additional 400 shares during the period. 70.03% of the stock is currently owned by institutional investors.
Shares of Kimberly-Clark Corporation (KMB) opened at 124.57 on Wednesday. The firm has a market cap of $44.21 billion, a P/E ratio of 20.56 and a beta of 0.78. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The company’s 50-day moving average price is $129.12 and its 200 day moving average price is $127.95.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, April 24th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.03. Kimberly-Clark Corporation had a net margin of 11.99% and a return on equity of 602.48%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the prior year, the business earned $1.53 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Corporation will post $6.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th were issued a dividend of $0.97 per share. The ex-dividend date was Wednesday, June 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.11%. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.13%.
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KMB has been the topic of a number of analyst reports. TheStreet raised Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Tuesday, March 21st. Vetr raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and set a $141.50 price target on the stock in a research note on Monday, March 27th. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Finally, BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. Kimberly-Clark Corporation presently has an average rating of “Hold” and an average target price of $133.36.
In related news, insider Sergio Cruz sold 7,078 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the sale, the insider now owns 4,910 shares in the company, valued at approximately $638,349.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sandra Macquillan sold 5,081 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $129.82, for a total transaction of $659,615.42. Following the completion of the sale, the senior vice president now owns 5,364 shares in the company, valued at approximately $696,354.48. The disclosure for this sale can be found here. Insiders have sold 32,267 shares of company stock worth $4,155,862 in the last quarter. Company insiders own 0.56% of the company’s stock.
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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