American International Group Inc. Raises Stake in Kimberly-Clark Corporation (KMB)
American International Group Inc. boosted its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,967 shares of the company’s stock after buying an additional 2,373 shares during the period. American International Group Inc.’s holdings in Kimberly-Clark Corporation were worth $20,935,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Timber Creek Capital Management LLC raised its position in Kimberly-Clark Corporation by 175.8% in the third quarter. Timber Creek Capital Management LLC now owns 1,103 shares of the company’s stock valued at $139,000 after buying an additional 703 shares during the last quarter. Hanson & Doremus Investment Management raised its position in Kimberly-Clark Corporation by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock valued at $157,000 after buying an additional 10 shares during the last quarter. Cypress Capital Management LLC WY bought a new position in Kimberly-Clark Corporation during the second quarter valued at approximately $181,000. Cornerstone Advisors Inc. raised its position in Kimberly-Clark Corporation by 288.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,347 shares of the company’s stock valued at $185,000 after buying an additional 1,000 shares during the last quarter. Finally, Overbrook Management Corp bought a new position in Kimberly-Clark Corporation during the second quarter valued at approximately $201,000. 67.74% of the stock is owned by institutional investors and hedge funds.
Kimberly-Clark Corporation (NYSE:KMB) opened at 114.46 on Friday. The company’s 50-day moving average price is $114.92 and its 200 day moving average price is $122.64. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $138.87. The firm has a market capitalization of $40.99 billion, a price-to-earnings ratio of 20.81 and a beta of 0.60.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Monday, October 24th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.54 by $0.02. Kimberly-Clark Corporation had a return on equity of 648.51% and a net margin of 10.96%. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts predict that Kimberly-Clark Corporation will post $6.00 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Friday, December 9th were given a dividend of $0.92 per share. The ex-dividend date was Wednesday, December 7th. This represents a $3.68 annualized dividend and a dividend yield of 3.22%. Kimberly-Clark Corporation’s dividend payout ratio is currently 67.03%.
KMB has been the subject of several recent research reports. Wells Fargo & Company reissued a “market perform” rating on shares of Kimberly-Clark Corporation in a research report on Tuesday, November 15th. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, December 20th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $145.00 price target on shares of Kimberly-Clark Corporation in a research report on Tuesday, October 25th. Societe Generale reissued a “buy” rating and issued a $139.00 price target on shares of Kimberly-Clark Corporation in a research report on Thursday, October 27th. Finally, Atlantic Securities initiated coverage on Kimberly-Clark Corporation in a research report on Monday, October 10th. They issued an “underweight” rating and a $124.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $128.60.
In other news, SVP Thomas J. Mielke sold 11,946 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $113.34, for a total transaction of $1,353,959.64. Following the completion of the transaction, the senior vice president now directly owns 30,091 shares in the company, valued at $3,410,513.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert W. Decherd purchased 2,000 shares of the stock in a transaction dated Thursday, October 27th. The shares were purchased at an average price of $113.59 per share, with a total value of $227,180.00. Following the completion of the transaction, the director now owns 41,944 shares of the company’s stock, valued at $4,764,418.96. The disclosure for this purchase can be found here. Insiders own 0.58% of the company’s stock.
About Kimberly-Clark Corporation
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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