First Trust Advisors LP Has $31.26 Million Stake in Kimberly-Clark Corporation (KMB)
First Trust Advisors LP lowered its stake in Kimberly-Clark Corporation (NYSE:KMB) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,450 shares of the company’s stock after selling 7,956 shares during the period. First Trust Advisors LP’s holdings in Kimberly-Clark Corporation were worth $31,256,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Kimberly-Clark Corporation during the fourth quarter valued at $289,546,000. State Street Corp increased its position in Kimberly-Clark Corporation by 4.0% in the fourth quarter. State Street Corp now owns 17,427,924 shares of the company’s stock valued at $1,988,958,000 after buying an additional 672,285 shares during the period. Asset Management One Co. Ltd. increased its position in Kimberly-Clark Corporation by 1,173.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 640,912 shares of the company’s stock valued at $73,189,000 after buying an additional 590,577 shares during the period. FMR LLC increased its position in Kimberly-Clark Corporation by 36.8% in the fourth quarter. FMR LLC now owns 2,098,274 shares of the company’s stock valued at $239,456,000 after buying an additional 564,996 shares during the period. Finally, APG Asset Management N.V. increased its position in Kimberly-Clark Corporation by 103.7% in the first quarter. APG Asset Management N.V. now owns 1,088,844 shares of the company’s stock valued at $143,325,000 after buying an additional 554,200 shares during the period. 70.05% of the stock is currently owned by institutional investors.
Kimberly-Clark Corporation (NYSE KMB) opened at 132.78 on Tuesday. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $138.87. The company has a market cap of $47.13 billion, a P/E ratio of 21.91 and a beta of 0.79. The firm has a 50-day moving average price of $128.86 and a 200 day moving average price of $125.92.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Monday, April 24th. The company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. Kimberly-Clark Corporation had a return on equity of 602.48% and a net margin of 11.99%. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the prior year, the company earned $1.53 EPS. Kimberly-Clark Corporation’s revenue was up .2% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Corporation will post $6.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, June 7th. Kimberly-Clark Corporation’s payout ratio is 64.13%.
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Several equities analysts recently commented on KMB shares. Vetr downgraded Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating and set a $116.33 target price for the company. in a research report on Monday, February 20th. Societe Generale downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and raised their target price for the stock from $139.00 to $144.00 in a research report on Friday, March 10th. J P Morgan Chase & Co started coverage on Kimberly-Clark Corporation in a research report on Tuesday, March 21st. They set a “neutral” rating and a $139.00 target price for the company. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Tuesday, March 21st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Thursday, March 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. Kimberly-Clark Corporation has an average rating of “Hold” and an average price target of $134.62.
In other news, insider Sergio Cruz sold 7,078 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total value of $920,210.78. Following the completion of the transaction, the insider now directly owns 4,910 shares in the company, valued at approximately $638,349.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sandra Macquillan sold 5,081 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $129.82, for a total value of $659,615.42. Following the completion of the transaction, the senior vice president now owns 5,364 shares of the company’s stock, valued at $696,354.48. The disclosure for this sale can be found here. Insiders sold a total of 32,267 shares of company stock valued at $4,155,862 over the last quarter. 0.56% of the stock is owned by corporate insiders.
Kimberly-Clark Corporation 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’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.
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