Sei Investments Co. Sells 33,231 Shares of Kimberly-Clark Corporation (KMB)
Sei Investments Co. lowered its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 29.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,149 shares of the company’s stock after selling 33,231 shares during the quarter. Sei Investments Co.’s holdings in Kimberly-Clark Corporation were worth $10,220,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. APG Asset Management N.V. boosted its holdings in Kimberly-Clark Corporation by 85.3% in the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after acquiring an additional 929,300 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Kimberly-Clark Corporation during the first quarter valued at about $93,657,000. FMR LLC grew its position in Kimberly-Clark Corporation by 23.4% during the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after acquiring an additional 491,121 shares during the period. TIAA CREF Investment Management LLC grew its position in 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 valued at $218,401,000 after acquiring an additional 429,763 shares during the period. Finally, Prudential Financial Inc. grew its position in Kimberly-Clark Corporation by 40.1% during the first quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock valued at $197,742,000 after acquiring an additional 429,680 shares during the period. Institutional investors and hedge funds own 70.10% of the company’s stock.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, with a total value of $183,315.00. Following the acquisition, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is owned by insiders.
Kimberly-Clark Corporation (NYSE:KMB) opened at 115.58 on Wednesday. The company has a market capitalization of $40.83 billion, a P/E ratio of 19.30 and a beta of 0.76. The company’s 50-day moving average price is $120.37 and its 200-day moving average price is $126.45. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 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 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% on a year-over-year basis. During the same quarter last year, the company earned $1.53 EPS. On average, equities analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th were given a $0.97 dividend. The ex-dividend date was Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.36%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
Several equities research analysts have recently issued reports on the stock. Berenberg Bank assumed coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective for the company. Goldman Sachs Group, Inc. (The) set a $157.00 target price on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a report on Monday, June 19th. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed 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, Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $132.07.
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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