Kimberly-Clark Corp. (KMB) Position Decreased by Neuberger Berman Group LLC
Neuberger Berman Group LLC reduced its stake in Kimberly-Clark Corp. (NYSE:KMB) by 10.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 611,275 shares of the company’s stock after selling 72,599 shares during the period. Neuberger Berman Group LLC’s holdings in Kimberly-Clark Corp. were worth $77,106,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Capital Management LLC boosted its position in Kimberly-Clark Corp. by 73.5% in the second quarter. Janus Capital Management LLC now owns 5,203,212 shares of the company’s stock valued at $715,337,000 after buying an additional 2,204,022 shares in the last quarter. American Century Companies Inc. acquired a new position in Kimberly-Clark Corp. during the second quarter valued at $112,177,000. Vanguard Group Inc. boosted its position 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 valued at $3,491,317,000 after buying an additional 695,252 shares in the last quarter. Bank of Montreal Can acquired a new position in Kimberly-Clark Corp. during the second quarter valued at $72,980,000. Finally, Emerald Acquisition Ltd. acquired a new position in Kimberly-Clark Corp. during the second quarter valued at $61,467,000. 67.84% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Corp. (NYSE:KMB) opened at 117.17 on Tuesday. Kimberly-Clark Corp. has a 52 week low of $111.30 and a 52 week high of $138.87. The firm has a 50-day moving average price of $115.91 and a 200-day moving average price of $125.92. The company has a market capitalization of $41.97 billion, a price-to-earnings ratio of 21.31 and a beta of 0.61.
Kimberly-Clark Corp. (NYSE:KMB) last posted its earnings results on Monday, October 24th. The company reported $1.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.54 by $0.02. The business earned $4.60 billion during the quarter, compared to the consensus estimate of $4.73 billion. Kimberly-Clark Corp. had a return on equity of 648.51% and a net margin of 10.96%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.51 EPS. Analysts anticipate that Kimberly-Clark Corp. will post $6.00 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Friday, December 9th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Wednesday, December 7th. Kimberly-Clark Corp.’s payout ratio is 67.03%.
KMB has been the topic of several research analyst reports. Wells Fargo & Co. reissued a “market perform” rating on shares of Kimberly-Clark Corp. in a research report on Tuesday, November 15th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $154.00 target price on shares of Kimberly-Clark Corp. in a research note on Monday, September 12th. Societe Generale restated a “buy” rating and issued a $139.00 target price on shares of Kimberly-Clark Corp. in a research note on Thursday, October 27th. Atlantic Securities initiated coverage on Kimberly-Clark Corp. in a research note on Monday, October 10th. They issued an “underweight” rating and a $124.00 target price on the stock. Finally, Citigroup Inc. restated a “neutral” rating on shares of Kimberly-Clark Corp. in a research note on Monday, October 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $132.60.
In other Kimberly-Clark Corp. news, SVP Thomas J. Mielke sold 11,946 shares of Kimberly-Clark Corp. stock in a transaction on Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the completion of the sale, the senior vice president now owns 30,091 shares of the company’s stock, valued at approximately $3,410,513.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Decherd bought 2,000 shares of Kimberly-Clark Corp. stock in a transaction on Thursday, October 27th. The stock was acquired at an average cost of $113.59 per share, with a total value of $227,180.00. Following the acquisition, the director now owns 41,944 shares in the company, valued at approximately $4,764,418.96. The disclosure for this purchase can be found here. 0.58% of the stock is owned by company 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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