United Services Automobile Association cut its stake in Kimberly-Clark Corporation (NYSE:KMB) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 434,669 shares of the company’s stock after selling 12,158 shares during the period. United Services Automobile Association owned approximately 0.12% of Kimberly-Clark Corporation worth $57,215,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. Rothschild Investment Corp IL boosted its stake in shares of Kimberly-Clark Corporation by 5.1% in the first quarter. Rothschild Investment Corp IL now owns 2,760 shares of the company’s stock valued at $363,000 after buying an additional 135 shares during the period. Rockland Trust Co. boosted its stake in shares of Kimberly-Clark Corporation by 5.0% in the first quarter. Rockland Trust Co. now owns 20,239 shares of the company’s stock valued at $2,664,000 after buying an additional 958 shares during the period. Gemmer Asset Management LLC boosted its stake in shares of Kimberly-Clark Corporation by 121.4% in the first quarter. Gemmer Asset Management LLC now owns 2,477 shares of the company’s stock valued at $326,000 after buying an additional 1,358 shares during the period. Boys Arnold & Co. Inc. boosted its stake in shares of Kimberly-Clark Corporation by 3.3% in the first quarter. Boys Arnold & Co. Inc. now owns 15,072 shares of the company’s stock valued at $1,984,000 after buying an additional 483 shares during the period. Finally, Bollard Group LLC boosted its stake in shares of Kimberly-Clark Corporation by 15.8% in the first quarter. Bollard Group LLC now owns 23,815 shares of the company’s stock valued at $3,135,000 after buying an additional 3,254 shares during the period. Institutional investors and hedge funds own 70.08% of the company’s stock.
Kimberly-Clark Corporation (KMB) traded down 0.34% during mid-day trading on Wednesday, reaching $121.96. The company had a trading volume of 408,236 shares. The stock has a market capitalization of $43.09 billion, a price-to-earnings ratio of 20.36 and a beta of 0.76. The stock has a 50 day moving average of $122.99 and a 200 day moving average of $128.55. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the firm earned $1.53 earnings per share. The business’s revenue was down .7% on a year-over-year basis. Analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.
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KMB has been the topic of several recent research reports. BidaskClub cut Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $133.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, May 31st. Berenberg Bank initiated coverage on Kimberly-Clark Corporation in a report on Friday, June 9th. They set a “hold” rating and a $136.00 price objective on the stock. Finally, UBS AG reaffirmed a “neutral” rating and set a $119.00 price objective (down from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $133.07.
In other 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 acquired at an average cost of $122.21 per share, with a total value of $183,315.00. Following the transaction, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.56% 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’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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