Monetta Financial Services Inc. acquired a new stake in Kimberly-Clark Corp. (NYSE:KMB) during the second quarter, Holdings Channel reports. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $550,000.
A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Kimberly-Clark Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 25,395,093 shares of the company’s stock worth $3,491,317,000 after buying an additional 695,252 shares in the last quarter. Geode Capital Management LLC increased its stake in Kimberly-Clark Corp. by 1.0% in the first quarter. Geode Capital Management LLC now owns 2,859,320 shares of the company’s stock worth $383,809,000 after buying an additional 28,004 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Kimberly-Clark Corp. by 14.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,930,162 shares of the company’s stock worth $259,626,000 after buying an additional 250,743 shares in the last quarter. Legal & General Group Plc increased its stake in Kimberly-Clark Corp. by 2.2% in the first quarter. Legal & General Group Plc now owns 1,810,646 shares of the company’s stock worth $243,560,000 after buying an additional 38,660 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Kimberly-Clark Corp. by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 1,773,165 shares of the company’s stock worth $243,622,000 after buying an additional 33,798 shares in the last quarter. Institutional investors own 68.37% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) opened at 125.98 on Thursday. The stock has a market capitalization of $45.31 billion, a PE ratio of 23.36 and a beta of 0.35. The company has a 50-day moving average price of $126.54 and a 200-day moving average price of $130.60. Kimberly-Clark Corp. has a 12-month low of $107.79 and a 12-month high of $138.87.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the company earned $1.41 earnings per share. Kimberly-Clark Corp.’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts expect that Kimberly-Clark Corp. will post $6.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, September 7th. Kimberly-Clark Corp.’s payout ratio is currently 68.40%.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a $156.00 price objective (up from $152.00) on shares of Kimberly-Clark Corp. in a research report on Friday, July 15th. B. Riley reaffirmed a “neutral” rating and set a $124.00 price objective on shares of Kimberly-Clark Corp. in a research report on Sunday, July 31st. Citigroup Inc. lifted their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $132.00 price objective (up from $130.00) on shares of Kimberly-Clark Corp. in a research report on Sunday, July 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $136.63.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $127.37, for a total value of $1,521,562.02. Following the transaction, the senior vice president now owns 33,557 shares in the company, valued at $4,274,155.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anthony J. Palmer sold 3,080 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the insider now owns 5,995 shares in the company, valued at approximately $779,350. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.
Kimberly-Clark Corp. 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 operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corp. (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corp. and related companies with MarketBeat.com's FREE daily email newsletter.