Kimberly-Clark Corporation (KMB) Holdings Lessened by Sentry Investment Management LLC

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.

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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