ING Groep NV raised its position in shares of Kimberly-Clark Corp. (NYSE:KMB) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,582 shares of the company’s stock after buying an additional 5,639 shares during the period. ING Groep NV’s holdings in Kimberly-Clark Corp. were worth $19,462,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. acquired a new position in shares of Kimberly-Clark Corp. during the second quarter worth about $112,177,000. Bank of Montreal Can acquired a new position in shares of Kimberly-Clark Corp. during the second quarter worth about $72,980,000. Canada Pension Plan Investment Board increased its position in shares of Kimberly-Clark Corp. by 148.8% in the first quarter. Canada Pension Plan Investment Board now owns 601,337 shares of the company’s stock worth $80,886,000 after buying an additional 359,657 shares in the last quarter. Virginia Retirement System acquired a new position in shares of Kimberly-Clark Corp. during the first quarter worth about $34,661,000. Finally, Bessemer Group Inc. increased its position in shares of Kimberly-Clark Corp. by 248.3% in the first quarter. Bessemer Group Inc. now owns 359,737 shares of the company’s stock worth $48,389,000 after buying an additional 256,445 shares in the last quarter. 68.37% of the stock is currently owned by institutional investors.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded down 1.39% during mid-day trading on Tuesday, reaching $123.03. The company’s stock had a trading volume of 1,701,873 shares. Kimberly-Clark Corp. has a 12 month low of $111.24 and a 12 month high of $138.87. The company has a market cap of $44.25 billion, a P/E ratio of 22.81 and a beta of 0.42. The company has a 50-day moving average of $126.04 and a 200-day moving average of $130.27.
Kimberly-Clark Corp. (NYSE:KMB) last posted its earnings results on Monday, July 25th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.05. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. Kimberly-Clark Corp.’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.41 earnings per share. Equities research analysts forecast that Kimberly-Clark Corp. will post $6.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be paid a $0.92 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $3.68 annualized dividend and a dividend yield of 2.99%. Kimberly-Clark Corp.’s payout ratio is presently 68.40%.
A number of research analysts have recently issued reports on KMB shares. Zacks Investment Research downgraded Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating and issued a $156.00 price objective (up from $152.00) on shares of Kimberly-Clark Corp. in a research note on Friday, July 15th. Deutsche Bank AG reissued a “hold” rating and issued a $132.00 price objective (up from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. Citigroup Inc. boosted their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Finally, B. Riley reaffirmed a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $136.63.
In related news, SVP Thomas J. Mielke sold 11,946 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 33,557 shares of the company’s stock, valued at $4,274,155.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony J. Palmer sold 3,080 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the insider now directly owns 5,995 shares in the company, valued at $779,350. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.
About Kimberly-Clark Corp.
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.
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