Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 79.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 29,384 shares of the company’s stock after acquiring an additional 13,054 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Kimberly Clark were worth $3,942,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in KMB. Shorepoint Capital Partners LLC bought a new position in shares of Kimberly Clark in the first quarter worth approximately $279,000. Blue Chip Partners Inc. increased its position in shares of Kimberly Clark by 8.9% in the first quarter. Blue Chip Partners Inc. now owns 81,204 shares of the company’s stock worth $10,061,000 after purchasing an additional 6,669 shares during the last quarter. Norges Bank bought a new position in shares of Kimberly Clark in the fourth quarter worth approximately $337,207,000. Whitener Capital Management Inc. increased its position in shares of Kimberly Clark by 45.5% in the first quarter. Whitener Capital Management Inc. now owns 7,350 shares of the company’s stock worth $910,000 after purchasing an additional 2,300 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its position in shares of Kimberly Clark by 18.3% in the first quarter. First Allied Advisory Services Inc. now owns 20,949 shares of the company’s stock worth $2,591,000 after purchasing an additional 3,243 shares during the last quarter. Hedge funds and other institutional investors own 71.24% of the company’s stock.
Several research firms recently weighed in on KMB. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Citigroup set a $40.00 price objective on shares of Steel Dynamics and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Macquarie set a $36.00 price objective on shares of Steel Dynamics and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Morgan Stanley decreased their price objective on shares of Lionsgate from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Argus upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $128.81.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,785 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $131.05, for a total transaction of $3,117,024.25. Following the transaction, the insider now directly owns 51,307 shares in the company, valued at $6,723,782.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP J. Scott Boston sold 16,836 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $126.20, for a total value of $2,124,703.20. Following the sale, the senior vice president now directly owns 23,849 shares of the company’s stock, valued at approximately $3,009,743.80. The disclosure for this sale can be found here. Insiders have sold 135,961 shares of company stock worth $17,442,674 over the last quarter. Company insiders own 0.85% of the company’s stock.
NYSE KMB traded up $0.74 on Thursday, reaching $135.39. 1,495,747 shares of the company’s stock traded hands, compared to its average volume of 1,774,380. Kimberly Clark Corp has a 12 month low of $100.32 and a 12 month high of $140.62. The company has a current ratio of 0.81, a quick ratio of 0.47 and a debt-to-equity ratio of 134.02. The stock has a 50-day moving average price of $136.23. The firm has a market cap of $46.43 billion, a PE ratio of 20.48, a PEG ratio of 3.86 and a beta of 0.58.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period last year, the business earned $1.59 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts predict that Kimberly Clark Corp will post 6.73 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, June 6th. Kimberly Clark’s payout ratio is currently 62.33%.
Kimberly Clark 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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