Schroder Investment Management Group Sells 178,785 Shares of Kimberly Clark Corp (KMB)
Schroder Investment Management Group trimmed its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 7.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,119,080 shares of the company’s stock after selling 178,785 shares during the period. Schroder Investment Management Group owned approximately 0.61% of Kimberly Clark worth $221,508,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in KMB. Massachusetts Financial Services Co. MA lifted its holdings in shares of Kimberly Clark by 96.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,809,600 shares of the company’s stock valued at $506,642,000 after purchasing an additional 2,365,565 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Kimberly Clark by 1,402.1% during the second quarter. Macquarie Group Ltd. now owns 2,182,802 shares of the company’s stock valued at $229,937,000 after purchasing an additional 2,037,488 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Kimberly Clark by 121.8% during the second quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock valued at $261,110,000 after purchasing an additional 1,361,325 shares during the last quarter. LSV Asset Management purchased a new position in shares of Kimberly Clark during the second quarter valued at approximately $64,686,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Kimberly Clark by 1,953.7% during the second quarter. Advisors Asset Management Inc. now owns 429,402 shares of the company’s stock valued at $2,155,000 after purchasing an additional 408,493 shares during the last quarter. Hedge funds and other institutional investors own 73.82% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Kimberly Clark from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Societe Generale lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $124.00 to $116.00 in a report on Wednesday, August 15th. Jefferies Financial Group restated a “hold” rating and issued a $96.00 price objective on shares of Kimberly Clark in a report on Friday, July 13th. Finally, Morgan Stanley assumed coverage on shares of Kimberly Clark in a report on Thursday, June 21st. They issued an “underweight” rating and a $94.00 price objective for the company. Three research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $106.54.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.60 billion. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. sell-side analysts expect that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.42%. Kimberly Clark’s dividend payout ratio is presently 64.21%.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares in the company, valued at approximately $718,355.48. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Aaron Powell sold 1,100 shares of the business’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total transaction of $116,556.00. Following the sale, the insider now owns 1,117 shares of the company’s stock, valued at $118,357.32. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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