State Street Corp raised its stake in Kimberly-Clark Corporation (NYSE:KMB) by 1.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 17,653,917 shares of the company’s stock after buying an additional 225,993 shares during the period. State Street Corp’s holdings in Kimberly-Clark Corporation were worth $2,323,785,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KMB. Macquarie Group Ltd. raised its stake in Kimberly-Clark Corporation by 16.8% in the fourth quarter. Macquarie Group Ltd. now owns 121,083 shares of the company’s stock valued at $13,818,000 after buying an additional 17,400 shares in the last quarter. Chesley Taft & Associates LLC raised its stake in Kimberly-Clark Corporation by 1.9% in the first quarter. Chesley Taft & Associates LLC now owns 9,047 shares of the company’s stock valued at $1,191,000 after buying an additional 170 shares in the last quarter. GW&K Investment Management LLC raised its stake in Kimberly-Clark Corporation by 3.0% in the first quarter. GW&K Investment Management LLC now owns 7,509 shares of the company’s stock valued at $988,000 after buying an additional 217 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Kimberly-Clark Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 112,295 shares of the company’s stock valued at $14,781,000 after buying an additional 1,400 shares in the last quarter. Finally, Lynch & Associates IN raised its stake in Kimberly-Clark Corporation by 1.3% in the first quarter. Lynch & Associates IN now owns 11,422 shares of the company’s stock valued at $1,503,000 after buying an additional 146 shares in the last quarter. 70.62% of the stock is currently owned by institutional investors.

Shares of Kimberly-Clark Corporation (KMB) traded down 0.3057% during mid-day trading on Thursday, reaching $121.2383. 198,037 shares of the company’s stock were exchanged. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The company has a 50 day moving average price of $125.71 and a 200 day moving average price of $128.53. The firm has a market cap of $42.83 billion, a P/E ratio of 20.2435 and a beta of 0.76.

Kimberly-Clark Corporation (NYSE:KMB) last released 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 net margin of 11.82% and a return on equity of 636.30%. The business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the previous year, the company earned $1.53 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.19%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.

ILLEGAL ACTIVITY WARNING: “State Street Corp Acquires 225,993 Shares of Kimberly-Clark Corporation (NYSE:KMB)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/08/10/state-street-corp-acquires-225993-shares-of-kimberly-clark-corporation-nysekmb.html.

Several analysts recently issued reports on the stock. Vetr lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price target on the stock. in a research report on Tuesday, April 18th. Jefferies Group LLC assumed coverage on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 18th. They set a “hold” rating and a $134.00 price target on the stock. Zacks Investment Research lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. TheStreet upgraded shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research report on Wednesday, April 26th. Finally, BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $133.14.

In other Kimberly-Clark Corporation news, Director Robert W. Decherd acquired 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the completion of the sale, the senior vice president now directly owns 23,543 shares of the company’s stock, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate 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).

Institutional Ownership by Quarter 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.