Kimberly-Clark Corporation (NYSE:KMB) Stake Reduced by Flagship Harbor Advisors LLC
Flagship Harbor Advisors LLC decreased its stake in Kimberly-Clark Corporation (NYSE:KMB) by 5.6% during the first quarter, Holdings Channel reports. The fund owned 7,331 shares of the company’s stock after selling 433 shares during the period. Flagship Harbor Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $967,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in KMB. OMERS ADMINISTRATION Corp acquired a new stake in Kimberly-Clark Corporation during the first quarter valued at $93,657,000. APG Asset Management N.V. boosted 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 valued at $143,325,000 after buying an additional 554,200 shares during the last quarter. FMR LLC boosted 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 valued at $340,841,000 after buying an additional 491,121 shares during the last quarter. TIAA CREF Investment Management LLC boosted 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 valued at $218,401,000 after buying an additional 429,763 shares during the last quarter. Finally, Prudential Financial Inc. boosted 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 valued at $197,742,000 after buying an additional 429,680 shares during the last quarter. Hedge funds and other institutional investors own 70.62% of the company’s stock.
Kimberly-Clark Corporation (NYSE:KMB) traded down 0.36% during mid-day trading on Friday, reaching $120.64. The company had a trading volume of 1,074,056 shares. The firm has a 50-day moving average price of $125.09 and a 200 day moving average price of $128.50. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm has a market capitalization of $42.62 billion, a price-to-earnings ratio of 20.14 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the consensus estimate of $1.49. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 earnings per share. Analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
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Several equities research analysts have weighed in on KMB shares. B. Riley restated a “neutral” rating and set a $128.00 target price on shares of Kimberly-Clark Corporation in a research note on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. TheStreet upgraded shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a report on Wednesday, April 26th. Jefferies Group LLC began coverage on shares of Kimberly-Clark Corporation in a report on Tuesday, April 18th. They set a “hold” rating and a $134.00 price target for the company. Finally, Vetr downgraded shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a report on Tuesday, April 18th. Four equities 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 company. Kimberly-Clark Corporation has an average rating of “Hold” and a consensus price target of $133.07.
In other Kimberly-Clark Corporation news, SVP Thomas J. Mielke sold 20,108 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total value 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 $3,016,093.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Decherd purchased 1,500 shares of the stock in a transaction on Thursday, August 3rd. The stock was acquired at an average cost of $122.21 per share, with a total value of $183,315.00. Following the completion of the purchase, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The disclosure for this purchase can be found here. Insiders own 0.56% 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’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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