United Services Automobile Association cut its position in Kimberly-Clark Corporation (NYSE:KMB) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,669 shares of the company’s stock after selling 12,158 shares during the quarter. United Services Automobile Association owned about 0.12% of Kimberly-Clark Corporation worth $57,215,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Oarsman Capital Inc. boosted its holdings in Kimberly-Clark Corporation by 3.0% in the first quarter. Oarsman Capital Inc. now owns 12,219 shares of the company’s stock valued at $1,608,000 after acquiring an additional 361 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Kimberly-Clark Corporation by 20.5% during the 1st quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock worth $218,180,000 after buying an additional 282,300 shares in the last quarter. Decatur Capital Management Inc. bought a new position in shares of Kimberly-Clark Corporation during the 1st quarter worth approximately $7,454,000. Delta Asset Management LLC TN boosted its holdings in shares of Kimberly-Clark Corporation by 2.4% during the 1st quarter. Delta Asset Management LLC TN now owns 3,020 shares of the company’s stock worth $397,000 after buying an additional 70 shares in the last quarter. Finally, Sequent Asset Management LLC bought a new position in shares of Kimberly-Clark Corporation during the 1st quarter worth approximately $237,000. 70.10% of the stock is owned by institutional investors and hedge funds.
In related news, Director Robert W. Decherd bought 1,500 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $122.21 per share, with a total value of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.56% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 119.98 on Thursday. The company has a market capitalization of $42.39 billion, a price-to-earnings ratio of 20.03 and a beta of 0.78. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The stock has a 50 day moving average price of $121.81 and a 200-day moving average price of $128.06.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.49. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 earnings per share. Analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.23%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
A number of brokerages have recently weighed in on KMB. Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. BidaskClub lowered Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. Zacks Investment Research lowered Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. Finally, UBS AG reaffirmed a “neutral” rating and set a $119.00 target price (down from $120.00) on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $132.86.
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About Kimberly-Clark Corporation
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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