Foster & Motley Inc. lowered its stake in Kimberly-Clark Corporation (NYSE:KMB) by 43.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,281 shares of the company’s stock after selling 22,811 shares during the period. Foster & Motley Inc.’s holdings in Kimberly-Clark Corporation were worth $3,694,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Janus Capital Management LLC raised its position in shares of Kimberly-Clark Corporation by 73.5% in the second quarter. Janus Capital Management LLC now owns 5,203,212 shares of the company’s stock valued at $715,337,000 after buying an additional 2,204,022 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Kimberly-Clark Corporation during the second quarter valued at $112,177,000. Vanguard Group Inc. raised its position in shares of Kimberly-Clark Corporation by 2.8% in the second quarter. Vanguard Group Inc. now owns 25,395,093 shares of the company’s stock valued at $3,491,317,000 after buying an additional 695,252 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Kimberly-Clark Corporation during the second quarter valued at $72,980,000. Finally, Lord Abbett & CO. LLC raised its position in shares of Kimberly-Clark Corporation by 70.3% in the second quarter. Lord Abbett & CO. LLC now owns 1,062,950 shares of the company’s stock valued at $146,134,000 after buying an additional 438,675 shares in the last quarter. 67.72% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (NYSE:KMB) traded up 0.28% on Wednesday, reaching $116.36. 1,075,977 shares of the company’s stock were exchanged. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $138.87. The firm has a market capitalization of $41.67 billion, a price-to-earnings ratio of 21.16 and a beta of 0.60. The firm has a 50-day moving average of $114.84 and a 200-day moving average of $122.09.
Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings data on Monday, October 24th. The company reported $1.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.54 by $0.02. Kimberly-Clark Corporation had a return on equity of 648.51% and a net margin of 10.96%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the firm earned $1.51 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Corporation will post $6.00 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Friday, December 9th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $3.68 dividend on an annualized basis and a yield of 3.17%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 67.03%.
Several research analysts have weighed in on KMB shares. lowered shares of Kimberly-Clark Corporation from an “outperform” rating to an “underperform” rating in a report on Wednesday, October 26th. Societe Generale reissued a “buy” rating and set a $139.00 price objective on shares of Kimberly-Clark Corporation in a report on Thursday, October 27th. Zacks Investment Research lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Wells Fargo & Company reissued a “market perform” rating on shares of Kimberly-Clark Corporation in a report on Tuesday, November 15th. Finally, RBC Capital Markets set a $118.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Monday, January 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $128.60.
In other news, Director Robert W. Decherd bought 2,000 shares of the company’s stock in a transaction dated Thursday, October 27th. The stock was bought at an average price of $113.59 per share, with a total value of $227,180.00. Following the completion of the acquisition, the director now owns 41,944 shares of the company’s stock, valued at $4,764,418.96. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of Kimberly-Clark Corporation stock in a transaction on Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the sale, the senior vice president now directly owns 30,091 shares of the company’s stock, valued at approximately $3,410,513.94. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
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 operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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