Mn Services Vermogensbeheer B.V. decreased its position in Kimberly Clark Corp (NYSE:KMB) by 8.4% in the 2nd quarter, Holdings Channel reports. The fund owned 176,803 shares of the company’s stock after selling 16,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Kimberly Clark were worth $23,564,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Shorepoint Capital Partners LLC acquired a new stake in Kimberly Clark in the first quarter valued at approximately $279,000. Blue Chip Partners Inc. grew its position in Kimberly Clark by 8.9% in the first quarter. Blue Chip Partners Inc. now owns 81,204 shares of the company’s stock valued at $10,061,000 after acquiring an additional 6,669 shares in the last quarter. Whitener Capital Management Inc. grew its position in Kimberly Clark by 45.5% in the first quarter. Whitener Capital Management Inc. now owns 7,350 shares of the company’s stock valued at $910,000 after acquiring an additional 2,300 shares in the last quarter. First Allied Advisory Services Inc. grew its position in Kimberly Clark by 18.3% in the first quarter. First Allied Advisory Services Inc. now owns 20,949 shares of the company’s stock valued at $2,591,000 after acquiring an additional 3,243 shares in the last quarter. Finally, Bollard Group LLC boosted its stake in shares of Kimberly Clark by 42.4% during the 1st quarter. Bollard Group LLC now owns 50,289 shares of the company’s stock valued at $6,231,000 after buying an additional 14,985 shares during the last quarter. 71.52% of the stock is owned by institutional investors.
Shares of KMB opened at $135.87 on Monday. The stock’s fifty day moving average price is $136.55. Kimberly Clark Corp has a 12-month low of $100.32 and a 12-month high of $140.62. The company has a market capitalization of $46.76 billion, a PE ratio of 20.56, a PEG ratio of 3.64 and a beta of 0.56. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.03. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The firm 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 posted $1.59 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts predict that Kimberly Clark Corp will post 6.8 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 5th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.
KMB has been the subject of several research analyst reports. ValuEngine cut Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Sunday, July 28th. Atlantic Securities upgraded Kimberly Clark from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 24th. Wells Fargo & Co reiterated a “hold” rating and set a $130.00 target price on shares of Kimberly Clark in a research note on Tuesday, July 23rd. Finally, Morgan Stanley increased their target price on Kimberly Clark from $145.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Kimberly Clark presently has a consensus rating of “Hold” and a consensus target price of $128.81.
In related news, SVP Sandra Macquillan sold 5,385 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $126.15, for a total transaction of $679,317.75. Following the transaction, the senior vice president now directly owns 15,814 shares in the company, valued at $1,994,936.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas J. Falk sold 58,218 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $127.73, for a total value of $7,436,185.14. The disclosure for this sale can be found here. Insiders have sold 123,089 shares of company stock worth $15,864,805 over the last 90 days. 0.85% of the stock is currently owned by company insiders.
About Kimberly Clark
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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