Kimberly-Clark Corporation (KMB) Stake Lessened by Aviva PLC

Aviva PLC lessened its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 337,135 shares of the company’s stock after selling 11,301 shares during the period. Aviva PLC owned 0.10% of Kimberly-Clark Corporation worth $43,531,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares during the last quarter. Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the 1st quarter worth about $118,000. Acrospire Investment Management LLC raised its position in shares of Kimberly-Clark Corporation by 125.0% during the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 500 shares during the last quarter. Armbruster Capital Management Inc. raised its position in shares of Kimberly-Clark Corporation by 38.5% during the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after purchasing an additional 250 shares during the last quarter. Finally, V Wealth Management LLC acquired a new position in shares of Kimberly-Clark Corporation during the 2nd quarter worth about $123,000. Hedge funds and other institutional investors own 69.94% of the company’s stock.

Shares of Kimberly-Clark Corporation (KMB) opened at 112.04 on Wednesday. The stock’s 50 day moving average is $117.91 and its 200-day moving average is $124.69. The firm has a market cap of $39.58 billion, a P/E ratio of 18.71 and a beta of 0.76. Kimberly-Clark Corporation has a one year low of $110.33 and a one year high of $136.21.

Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 earnings per share. Analysts anticipate that Kimberly-Clark Corporation will post $6.20 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.03%.

In other news, Director Robert W. Decherd acquired 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the transaction, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.

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Several research firms recently weighed in on KMB. Citigroup Inc. restated a “hold” rating and set a $125.00 price target (down previously from $131.00) on shares of Kimberly-Clark Corporation in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark Corporation from $121.00 to $117.00 and set a “market perform” rating for the company in a research report on Tuesday. Bank of America Corporation reduced their price target on shares of Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus target price of $126.73.

Kimberly-Clark Corporation 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.

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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