Allegis Investment Advisors LLC raised its position in Kimberly-Clark Corporation (NYSE:KMB) by 36.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,950 shares of the company’s stock after purchasing an additional 1,054 shares during the period. Allegis Investment Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. APG Asset Management N.V. boosted its holdings in shares of Kimberly-Clark Corporation by 85.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after buying an additional 929,300 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Kimberly-Clark Corporation in the 1st quarter valued at $93,657,000. FMR LLC boosted its holdings in shares of Kimberly-Clark Corporation by 23.4% in the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after buying an additional 491,121 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of Kimberly-Clark Corporation by 35.0% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,659,203 shares of the company’s stock valued at $218,401,000 after buying an additional 429,763 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Kimberly-Clark Corporation by 40.1% in the 1st quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock valued at $197,742,000 after buying an additional 429,680 shares in the last quarter. 69.94% of the stock is currently owned by institutional investors.
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Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 113.59 on Friday. Kimberly-Clark Corporation has a 1-year low of $110.33 and a 1-year high of $136.21. The firm has a market cap of $40.13 billion, a PE ratio of 18.97 and a beta of 0.76. The stock has a 50 day moving average of $117.62 and a 200 day moving average of $124.61.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.03%.
KMB has been the subject of several research analyst reports. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Citigroup Inc. set a $134.00 target price on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a report on Friday, July 7th. Royal Bank Of Canada restated a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $119.00 price target on shares of Kimberly-Clark Corporation in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $127.21.
In other news, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price 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 document filed with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation 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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