State of Wisconsin Investment Board Increases Holdings in Kimberly-Clark Corporation (KMB)
State of Wisconsin Investment Board grew its position in Kimberly-Clark Corporation (NYSE:KMB) by 13.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 392,103 shares of the company’s stock after acquiring an additional 46,890 shares during the quarter. State of Wisconsin Investment Board owned 0.11% of Kimberly-Clark Corporation worth $50,624,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in KMB. Waldron LP bought a new stake in shares of Kimberly-Clark Corporation in the 1st quarter worth approximately $255,000. Elkhorn Investments LLC bought a new stake in shares of Kimberly-Clark Corporation in the 1st quarter worth approximately $1,335,000. American Century Companies Inc. lifted its position in shares of Kimberly-Clark Corporation by 5.9% in the 1st quarter. American Century Companies Inc. now owns 1,746,205 shares of the company’s stock worth $229,853,000 after acquiring an additional 97,439 shares during the period. Flinton Capital Management LLC lifted its position in shares of Kimberly-Clark Corporation by 4.3% in the 1st quarter. Flinton Capital Management LLC now owns 27,696 shares of the company’s stock worth $3,646,000 after acquiring an additional 1,136 shares during the period. Finally, Genesee Valley Trust Co. lifted its position in shares of Kimberly-Clark Corporation by 0.6% in the 1st quarter. Genesee Valley Trust Co. now owns 2,545 shares of the company’s stock worth $335,000 after acquiring an additional 15 shares during the period. Institutional investors own 70.01% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 118.22 on Tuesday. The company’s 50-day moving average price is $119.14 and its 200-day moving average price is $125.52. 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 $41.77 billion, a PE ratio of 19.74 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the company posted $1.53 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is presently 64.88%.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is available at this link. 0.56% of the stock is owned by corporate insiders.
A number of analysts have commented on KMB shares. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Citigroup Inc. set a $134.00 price objective on Kimberly-Clark Corporation and gave the stock a “sell” rating in a research report on Friday, July 7th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 price objective on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $131.46.
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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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