Kimberly-Clark Corp. (KMB) Position Increased by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. increased its position in shares of Kimberly-Clark Corp. (NYSE:KMB) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,962 shares of the company’s stock after buying an additional 55 shares during the period. Tocqueville Asset Management L.P.’s holdings in Kimberly-Clark Corp. were worth $9,206,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in KMB. Nisa Investment Advisors LLC boosted its stake in Kimberly-Clark Corp. by 15.6% in the second quarter. Nisa Investment Advisors LLC now owns 142,170 shares of the company’s stock worth $19,546,000 after buying an additional 19,145 shares during the last quarter. ING Groep NV boosted its stake in Kimberly-Clark Corp. by 4.1% in the second quarter. ING Groep NV now owns 141,582 shares of the company’s stock worth $19,462,000 after buying an additional 5,639 shares during the last quarter. Wellington Management Group LLP boosted its stake in Kimberly-Clark Corp. by 2.4% in the first quarter. Wellington Management Group LLP now owns 1,556,568 shares of the company’s stock worth $209,375,000 after buying an additional 35,970 shares during the last quarter. Arizona State Retirement System boosted its stake in Kimberly-Clark Corp. by 1.3% in the first quarter. Arizona State Retirement System now owns 188,528 shares of the company’s stock worth $25,359,000 after buying an additional 2,500 shares during the last quarter. Finally, Aviance Capital Management LLC boosted its stake in Kimberly-Clark Corp. by 28.9% in the second quarter. Aviance Capital Management LLC now owns 154,314 shares of the company’s stock worth $21,215,000 after buying an additional 34,640 shares during the last quarter. 68.31% of the stock is owned by institutional investors and hedge funds.
Kimberly-Clark Corp. (NYSE:KMB) traded up 0.336% during mid-day trading on Monday, hitting $120.905. 785,500 shares of the stock traded hands. The company has a 50 day moving average price of $124.72 and a 200-day moving average price of $129.67. The stock has a market capitalization of $43.48 billion, a PE ratio of 22.419 and a beta of 0.42. Kimberly-Clark Corp. has a one year low of $116.50 and a one year high of $138.87.
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 analysts’ consensus estimates of $1.48 by $0.05. The company earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corp. had a net margin of 10.70% and a return on equity of 815.72%. Kimberly-Clark Corp.’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 EPS. Equities analysts anticipate 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 was paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Wednesday, September 7th. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is 68.40%.
A number of analysts recently weighed in on the stock. B. Riley reissued a “neutral” rating and issued a $124.00 target price on shares of Kimberly-Clark Corp. in a research note on Tuesday, July 26th. Zacks Investment Research raised shares of Kimberly-Clark Corp. from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a research note on Tuesday, June 28th. Citigroup Inc. upped their target price 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. 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 note on Friday, July 15th. Finally, Atlantic Securities assumed coverage on shares of Kimberly-Clark Corp. in a research note on Monday, October 10th. They set an “underweight” rating and a $124.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $135.22.
In other Kimberly-Clark Corp. news, Chairman Thomas J. Falk sold 206,445 shares of Kimberly-Clark Corp. stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $133.40, for a total value of $27,539,763.00. Following the completion of the sale, the chairman now owns 125,574 shares in the company, valued at approximately $16,751,571.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony J. Palmer sold 3,080 shares of Kimberly-Clark Corp. stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the insider now owns 5,995 shares of the company’s stock, valued at approximately $779,350. The disclosure for this sale can be found here. 0.58% of the stock is currently 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.
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