Texas Permanent School Fund Lowers Stake in Kimberly-Clark Corporation (KMB)
Texas Permanent School Fund cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,724 shares of the company’s stock after selling 4,221 shares during the period. Texas Permanent School Fund’s holdings in Kimberly-Clark Corporation were worth $12,875,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. APG Asset Management N.V. raised its position in shares of Kimberly-Clark Corporation by 85.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after buying an additional 929,300 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Kimberly-Clark Corporation in the first quarter valued at $93,657,000. FMR LLC boosted its holdings in Kimberly-Clark Corporation by 23.4% in 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 last quarter. TIAA CREF Investment Management LLC boosted its holdings in Kimberly-Clark Corporation by 35.0% in 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 last quarter. 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. 70.10% of the stock is owned by institutional investors.
Shares of Kimberly-Clark Corporation (KMB) opened at 116.97 on Tuesday. The company’s 50-day moving average is $120.55 and its 200-day moving average is $126.58. The firm has a market capitalization of $41.33 billion, a price-to-earnings ratio of 19.53 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.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter last year, the firm posted $1.53 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts forecast 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. Investors of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
Several equities research analysts have commented on KMB shares. BidaskClub upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $122.00 price objective (down from $133.00) on shares of Kimberly-Clark Corporation in a research note on Thursday, July 6th. Berenberg Bank assumed coverage on Kimberly-Clark Corporation in a research note on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective on the stock. Finally, Zacks Investment Research cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus target price of $132.07.
In other news, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the purchase, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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