PVG Asset Management Corp increased its position in shares of Kimberly Clark Corp (NYSE:KMB) by 159.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,783 shares of the company’s stock after purchasing an additional 6,633 shares during the period. PVG Asset Management Corp’s holdings in Kimberly Clark were worth $1,135,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in KMB. Massachusetts Financial Services Co. MA raised its position in shares of Kimberly Clark by 96.8% during the 2nd 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 period. Macquarie Group Ltd. raised its position in shares of Kimberly Clark by 1,402.1% during the 2nd 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 period. American Century Companies Inc. raised its position in shares of Kimberly Clark by 121.8% during the 2nd 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 period. LSV Asset Management bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at $64,686,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at $40,577,000. Hedge funds and other institutional investors own 73.93% of the company’s stock.
In related news, insider Anthony J. Palmer sold 6,445 shares of Kimberly Clark stock in a transaction dated 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 owns 6,122 shares in the company, valued at approximately $718,355.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Aaron Powell sold 1,100 shares of Kimberly Clark stock in a transaction dated 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 approximately $118,357.32. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.
Several brokerages have recently commented on KMB. Morgan Stanley raised their price objective on shares of Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, August 31st. ValuEngine raised shares of Kimberly Clark from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 18th. Zacks Investment Research cut shares of Kimberly Clark from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th. Deutsche Bank raised their target price on shares of Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. Finally, JPMorgan Chase & Co. raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating and cut their target price for the company from $90.00 to $86.00 in a research note on Thursday, August 16th. Three equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $106.54.
Kimberly Clark stock opened at $116.45 on Monday. The stock has a market capitalization of $40.44 billion, a PE ratio of 18.69, a PEG ratio of 2.63 and a beta of 0.69. The company has a debt-to-equity ratio of 32.28, a current ratio of 0.76 and a quick ratio of 0.49. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $123.77.
Kimberly Clark (NYSE:KMB) last released its earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.02. The firm 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 business’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $1.49 EPS. research analysts forecast that Kimberly Clark Corp will post 6.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.43%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
Kimberly Clark Company 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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