Kimberly-Clark Corporation (KMB) Shares Bought by APG Asset Management N.V.
APG Asset Management N.V. boosted its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 85.3% during the second quarter, Holdings Channel reports. The fund owned 2,018,144 shares of the company’s stock after buying an additional 929,300 shares during the period. APG Asset Management N.V.’s holdings in Kimberly-Clark Corporation were worth $260,563,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. OMERS ADMINISTRATION Corp bought a new position in shares of Kimberly-Clark Corporation during the first quarter worth about $93,657,000. FMR LLC boosted its position in shares of 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 during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of 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 during the last quarter. Prudential Financial Inc. boosted its position in shares of 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 during the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in shares of Kimberly-Clark Corporation by 87.3% in the first quarter. Bahl & Gaynor Inc. now owns 820,081 shares of the company’s stock worth $107,947,000 after buying an additional 382,208 shares during the last quarter. Institutional investors own 70.15% of the company’s stock.
Kimberly-Clark Corporation (KMB) traded up 0.56% during mid-day trading on Thursday, reaching $123.02. The company’s stock had a trading volume of 532,899 shares. The stock has a 50-day moving average price of $124.20 and a 200-day moving average price of $128.56. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The company has a market capitalization of $43.46 billion, a price-to-earnings ratio of 20.54 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last announced 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 company had revenue of $4.55 billion for 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% compared to the same quarter last year. During the same period last year, the firm earned $1.53 EPS. Equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.
A number of brokerages have issued reports on KMB. Jefferies Group LLC lowered their price objective on Kimberly-Clark Corporation from $134.00 to $133.00 and set a “hold” rating for the company in a research note on Tuesday, April 25th. Zacks Investment Research cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Citigroup Inc. set a $134.00 price objective on Kimberly-Clark Corporation and gave the company a “sell” rating in a research note on Friday, July 7th. BidaskClub cut Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $133.07.
In other Kimberly-Clark Corporation news, insider Sergio Cruz sold 7,078 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the sale, the insider now directly owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now directly owns 43,444 shares in the company, 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.
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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