Spinnaker Trust Has $1.15 Million Position in Kimberly-Clark Corporation (KMB)
Spinnaker Trust cut its position in Kimberly-Clark Corporation (NYSE:KMB) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,921 shares of the company’s stock after selling 273 shares during the quarter. Spinnaker Trust’s holdings in Kimberly-Clark Corporation were worth $1,152,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in KMB. State Street Corp lifted its holdings in Kimberly-Clark Corporation by 1.3% during the 1st quarter. State Street Corp now owns 17,653,917 shares of the company’s stock valued at $2,323,785,000 after purchasing an additional 225,993 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Kimberly-Clark Corporation by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock valued at $566,053,000 after purchasing an additional 207,316 shares during the last quarter. FMR LLC lifted its holdings in Kimberly-Clark Corporation by 23.4% during the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after purchasing an additional 491,121 shares during the last quarter. APG Asset Management N.V. lifted its holdings in Kimberly-Clark Corporation by 85.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after purchasing an additional 929,300 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Kimberly-Clark Corporation by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after purchasing an additional 68,776 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.
KMB has been the subject of several research reports. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Friday, September 8th. Macquarie initiated coverage on Kimberly-Clark Corporation in a report on Friday, September 15th. They set a “neutral” rating and a $121.00 price target for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $133.00 price target on shares of Kimberly-Clark Corporation in a report on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. Kimberly-Clark Corporation presently has an average rating of “Hold” and a consensus target price of $132.07.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average cost 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 $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by company insiders.
Kimberly-Clark Corporation (NYSE KMB) opened at 118.12 on Friday. The company has a 50-day moving average price of $121.49 and a 200-day moving average price of $127.61. The firm has a market cap of $41.73 billion, a P/E ratio of 19.72 and a beta of 0.78. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting 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 firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period last year, the firm earned $1.53 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
Kimberly-Clark Corporation 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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