Sentry Investment Management LLC cut its holdings in Kimberly-Clark Corporation (NYSE:KMB) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,470 shares of the company’s stock after selling 1,277 shares during the period. Sentry Investment Management LLC’s holdings in Kimberly-Clark Corporation were worth $3,616,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of KMB. Legal & General Group Plc increased its position in shares of Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after acquiring an additional 68,776 shares during the period. Oarsman Capital Inc. increased its position in shares of Kimberly-Clark Corporation by 3.0% during the first quarter. Oarsman Capital Inc. now owns 12,219 shares of the company’s stock valued at $1,608,000 after buying an additional 361 shares during the period. Royce & Associates LP increased its position in shares of Kimberly-Clark Corporation by 55.7% during the first quarter. Royce & Associates LP now owns 31,300 shares of the company’s stock valued at $4,120,000 after buying an additional 11,200 shares during the period. Swiss National Bank increased its position in shares of Kimberly-Clark Corporation by 20.5% during the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock valued at $218,180,000 after buying an additional 282,300 shares during the period. Finally, Twin Tree Management LP purchased a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $1,652,000. 70.10% of the stock is owned by institutional investors and hedge funds.
In other Kimberly-Clark Corporation news, Director Robert W. Decherd purchased 1,500 shares of the stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now directly owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by insiders.
Several equities analysts recently issued reports on KMB shares. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and issued a $122.00 price objective (down previously from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Berenberg Bank started coverage on shares of Kimberly-Clark Corporation in a report on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective on the stock. Finally, Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the stock. Kimberly-Clark Corporation presently has an average rating of “Hold” and an average price target of $132.86.
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Kimberly-Clark Corporation (KMB) traded up 0.07% on Wednesday, reaching $120.69. 583,334 shares of the company’s stock traded hands. The stock has a market cap of $42.64 billion, a price-to-earnings ratio of 20.15 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 $121.91 and a 200 day moving average price of $128.15.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting analysts’ consensus estimates of $1.49. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations 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 last year, the business posted $1.53 EPS. Analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The firm also recently declared 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. This represents a $3.88 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
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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