Kimberly-Clark Corporation (NYSE:KMB) Stake Boosted by Edmond DE Rothschild Holding S.A.
Edmond DE Rothschild Holding S.A. raised its position in Kimberly-Clark Corporation (NYSE:KMB) by 26.4% during the first quarter, Holdings Channel reports. The fund owned 3,500 shares of the company’s stock after buying an additional 730 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Kimberly-Clark Corporation were worth $461,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of KMB. Bank of New York Mellon Corp increased its stake in shares of Kimberly-Clark Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after buying an additional 207,316 shares during the last quarter. FMR LLC increased its stake in shares of Kimberly-Clark Corporation by 23.4% in the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after buying an additional 491,121 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after buying an additional 68,776 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Kimberly-Clark Corporation by 5.9% in the first quarter. American Century Companies Inc. now owns 1,746,205 shares of the company’s stock worth $229,853,000 after buying an additional 97,439 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Kimberly-Clark Corporation by 11.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,712,623 shares of the company’s stock worth $225,433,000 after buying an additional 171,130 shares during the last quarter. Hedge funds and other institutional investors own 70.62% of the company’s stock.
Shares of Kimberly-Clark Corporation (KMB) traded up 0.27% during trading on Friday, reaching $121.40. 183,417 shares of the company traded hands. The stock has a market capitalization of $42.89 billion, a P/E ratio of 20.27 and a beta of 0.76. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm’s 50 day moving average is $125.40 and its 200-day moving average is $128.48.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.49. The business had revenue of $4.55 billion for 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 business’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.53 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
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A number of analysts have weighed in on KMB shares. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Zacks Investment Research downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. Citigroup Inc. set a $134.00 price target on Kimberly-Clark Corporation and gave the stock a “sell” rating in a report on Friday, July 7th. Vetr downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a report on Tuesday, April 18th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus target price of $133.14.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd acquired 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 23,543 shares in the company, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate 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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