Kimberly-Clark Corporation (KMB) Holdings Boosted by Pax World Management LLC
Pax World Management LLC grew its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,784 shares of the company’s stock after buying an additional 200 shares during the period. Pax World Management LLC’s holdings in Kimberly-Clark Corporation were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in Kimberly-Clark Corporation by 3.7% during 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 during the last quarter. Royce & Associates LP boosted its holdings in Kimberly-Clark Corporation by 55.7% during the first quarter. Royce & Associates LP now owns 31,300 shares of the company’s stock worth $4,120,000 after buying an additional 11,200 shares during the last quarter. Oarsman Capital Inc. boosted its holdings in Kimberly-Clark Corporation by 3.0% during the first quarter. Oarsman Capital Inc. now owns 12,219 shares of the company’s stock worth $1,608,000 after buying an additional 361 shares during the last quarter. Investment Centers of America Inc. boosted its holdings in Kimberly-Clark Corporation by 5.1% during the first quarter. Investment Centers of America Inc. now owns 55,053 shares of the company’s stock worth $7,244,000 after buying an additional 2,671 shares during the last quarter. Finally, First Financial Equity Corporation bought a new position in Kimberly-Clark Corporation during the first quarter worth about $681,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 113.44 on Friday. The stock’s 50 day moving average price is $118.38 and its 200-day moving average price is $125.07. Kimberly-Clark Corporation has a 52-week low of $110.33 and a 52-week high of $136.21. The firm has a market cap of $40.08 billion, a price-to-earnings ratio of 18.94 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.49 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 company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the company earned $1.53 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts forecast 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. Investors of record on Friday, September 8th were given a dividend of $0.97 per share. The ex-dividend date was Thursday, September 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.42%. Kimberly-Clark Corporation’s payout ratio is 64.88%.
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In other Kimberly-Clark Corporation news, Director Robert W. Decherd bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on the company. BidaskClub cut Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC restated a “hold” rating and set a $122.00 target price (down previously from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Zacks Investment Research cut Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Citigroup Inc. set a $134.00 target price on Kimberly-Clark Corporation and gave the stock a “sell” rating in a report on Friday, July 7th. Finally, UBS AG cut Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $134.00 to $120.00 in a report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. Kimberly-Clark Corporation currently has a consensus rating of “Hold” and a consensus price target of $128.46.
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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