Eaton Vance Management Sells 1,992 Shares of Kimberly-Clark Corp. (KMB)
Eaton Vance Management reduced its stake in Kimberly-Clark Corp. (NYSE:KMB) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,169 shares of the company’s stock after selling 1,992 shares during the period. Eaton Vance Management’s holdings in Kimberly-Clark Corp. were worth $12,671,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its position 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 valued at $383,809,000 after buying an additional 28,004 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of 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 valued at $259,626,000 after buying an additional 250,743 shares in the last quarter. Legal & General Group Plc boosted its position in shares of 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 valued at $243,560,000 after buying an additional 38,660 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Kimberly-Clark Corp. by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 1,773,165 shares of the company’s stock valued at $243,622,000 after buying an additional 33,798 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of Kimberly-Clark Corp. by 8.1% in the second quarter. TD Asset Management Inc. now owns 1,642,830 shares of the company’s stock valued at $225,856,000 after buying an additional 122,660 shares in the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 1.34% during midday trading on Tuesday, hitting $123.81. 739,636 shares of the stock were exchanged. Kimberly-Clark Corp. has a 52-week low of $106.66 and a 52-week high of $138.87. The firm’s 50-day moving average is $127.39 and its 200 day moving average is $130.92. The firm has a market cap of $44.53 billion, a PE ratio of 22.96 and a beta of 0.35.
Kimberly-Clark Corp. (NYSE:KMB) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the prior year, the business earned $1.41 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts forecast that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is presently 68.40%.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 price objective 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 previously from $152.00) on shares of Kimberly-Clark Corp. in a research note 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 note on Sunday, July 31st. Citigroup Inc. boosted their price objective on shares of 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, Deutsche Bank AG reaffirmed a “hold” rating and set a $132.00 price objective (up previously from $130.00) on shares of Kimberly-Clark Corp. in a research note on Sunday, July 24th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $136.63.
In related news, insider Anthony J. Palmer sold 3,080 shares of the 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 sale, the insider now directly owns 5,995 shares of the company’s stock, valued at approximately $779,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Thomas J. Falk sold 206,445 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $133.40, for a total transaction of $27,539,763.00. Following the completion of the sale, the chairman now directly owns 125,574 shares of the company’s stock, valued at $16,751,571.60. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by 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.
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