Manning & Napier Advisors LLC Acquires 24,873 Shares of Kimberly-Clark Corporation (KMB)
Manning & Napier Advisors LLC raised its position in Kimberly-Clark Corporation (NYSE:KMB) by 34.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,826 shares of the company’s stock after buying an additional 24,873 shares during the period. Manning & Napier Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $12,500,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of KMB. OMERS ADMINISTRATION Corp acquired a new stake in Kimberly-Clark Corporation during the first quarter worth $93,657,000. APG Asset Management N.V. increased its stake 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 worth $143,325,000 after buying an additional 554,200 shares in the last quarter. FMR LLC increased its stake in Kimberly-Clark Corporation by 23.4% in the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after buying an additional 491,121 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Kimberly-Clark Corporation by 35.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,659,203 shares of the company’s stock worth $218,401,000 after buying an additional 429,763 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Kimberly-Clark Corporation by 40.1% in the first quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock worth $197,742,000 after buying an additional 429,680 shares in the last quarter. Hedge funds and other institutional investors own 70.62% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded up 0.07% on Wednesday, reaching $121.53. 651,137 shares of the company traded hands. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The firm’s 50 day moving average is $126.61 and its 200 day moving average is $128.33. The company has a market capitalization of $42.94 billion, a P/E ratio of 20.29 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the business earned $1.53 earnings per share. Kimberly-Clark Corporation’s revenue was down .7% on a year-over-year basis. Analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
WARNING: “Manning & Napier Advisors LLC Acquires 24,873 Shares of Kimberly-Clark Corporation (KMB)” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/09/manning-napier-advisors-llc-acquires-24873-shares-of-kimberly-clark-corporation-kmb.html.
A number of equities research analysts have weighed in on KMB shares. B. Riley reiterated a “neutral” rating and set a $128.00 price target on shares of Kimberly-Clark Corporation in a research note on Sunday, April 23rd. TheStreet upgraded shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) set a $157.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC started coverage on shares of Kimberly-Clark Corporation in a research note on Tuesday, April 18th. They set a “hold” rating and a $134.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and a consensus price target of $133.14.
In related news, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total value of $2,576,035.88. Following the transaction, the senior vice president now owns 23,543 shares in the company, valued at $3,016,093.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Decherd purchased 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.
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’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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corporation and related companies with MarketBeat.com's FREE daily email newsletter.