Kimberly-Clark Corporation (KMB) Position Increased by Forsta AP Fonden
Forsta AP Fonden boosted its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 69.4% during the second quarter, Holdings Channel reports. The institutional investor owned 79,811 shares of the company’s stock after buying an additional 32,700 shares during the period. Forsta AP Fonden’s holdings in Kimberly-Clark Corporation were worth $10,304,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. State Street Corp boosted its position in Kimberly-Clark Corporation by 1.3% in the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after buying an additional 225,993 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Kimberly-Clark Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after buying an additional 207,316 shares in the last quarter. FMR LLC boosted its position 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. Legal & General Group Plc boosted its position in Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after buying an additional 68,776 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Kimberly-Clark Corporation by 5.9% in the first quarter. American Century Companies Inc. now owns 1,746,205 shares of the company’s stock worth $229,853,000 after buying an additional 97,439 shares in the last quarter. Institutional investors own 70.15% of the company’s stock.
Shares of Kimberly-Clark Corporation (KMB) traded up 0.25% during mid-day trading on Wednesday, hitting $122.54. The stock had a trading volume of 456,033 shares. The stock’s 50-day moving average is $124.46 and its 200-day moving average is $128.60. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The firm has a market capitalization of $43.29 billion, a PE ratio of 20.46 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the Zacks’ 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 return on equity of 636.30% and a net margin of 11.82%. 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 company posted $1.53 earnings per share. Equities analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.17%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.
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A number of research firms recently issued reports on KMB. Vetr cut 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. Jefferies Group LLC began coverage on Kimberly-Clark Corporation in a report on Tuesday, April 18th. They issued a “hold” rating and a $134.00 price target for the company. TheStreet raised Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a report on Wednesday, April 26th. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Tuesday, April 25th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. Kimberly-Clark Corporation has a consensus rating of “Hold” and a consensus target price of $133.07.
In other Kimberly-Clark Corporation news, insider Sergio Cruz sold 7,078 shares of Kimberly-Clark Corporation stock in a transaction that occurred 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 sale, the insider now directly owns 4,910 shares in the company, valued at $638,349.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the acquisition, the director now 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. Insiders own 0.56% of the company’s stock.
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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