Oppenheimer Asset Management Inc. Buys Shares of 92,378 Kimberly-Clark Corporation (NYSE:KMB)
Oppenheimer Asset Management Inc. bought a new position in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 92,378 shares of the company’s stock, valued at approximately $12,159,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in 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 period. FMR LLC raised its stake in 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 period. Legal & General Group Plc raised its stake in 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 period. American Century Companies Inc. raised its stake in 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 period. Finally, Schwab Charles Investment Management Inc. raised its stake in 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 period. 70.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 0.28% during mid-day trading on Thursday, hitting $121.27. The company’s stock had a trading volume of 158,872 shares. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The company has a market cap of $42.84 billion, a price-to-earnings ratio of 20.25 and a beta of 0.76. The company has a 50-day moving average of $125.71 and a 200 day moving average of $128.53.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.49. The business had revenue of $4.55 billion for 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 firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.53 earnings per share. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
A number of analysts have issued reports on KMB shares. Berenberg Bank reaffirmed a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Zacks Investment Research lowered Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Thursday, April 13th. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. Vetr lowered Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 target price on the stock. in a report on Tuesday, April 18th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $133.14.
In related news, insider Sergio Cruz sold 7,078 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the sale, the insider now owns 4,910 shares of the company’s stock, valued at $638,349.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.
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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