Aberdeen Asset Management PLC UK raised its stake in Kimberly-Clark Corporation (NYSE:KMB) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,862 shares of the company’s stock after buying an additional 7,242 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Kimberly-Clark Corporation were worth $11,565,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in Kimberly-Clark Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after buying an additional 207,316 shares during the period. American Century Companies Inc. raised its stake in Kimberly-Clark Corporation by 5.9% in the first quarter. American Century Companies Inc. now owns 1,746,205 shares of the company’s stock valued at $229,853,000 after buying an additional 97,439 shares during the last quarter. Swiss National Bank raised its stake in Kimberly-Clark Corporation by 20.5% in 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 last quarter. UBS Asset Management Americas Inc. raised its stake in Kimberly-Clark Corporation by 12.9% in the first quarter. UBS Asset Management Americas Inc. now owns 1,175,384 shares of the company’s stock valued at $154,716,000 after buying an additional 134,646 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in Kimberly-Clark Corporation by 103.7% in the first quarter. APG Asset Management N.V. now owns 1,088,844 shares of the company’s stock valued at $143,325,000 after buying an additional 554,200 shares during the last quarter. Institutional investors own 70.15% of the company’s stock.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down 0.73% during trading on Friday, reaching $121.39. 1,085,911 shares of the company traded hands. The stock has a market capitalization of $42.89 billion, a PE ratio of 20.27 and a beta of 0.76. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm’s 50-day moving average is $123.72 and its 200-day moving average is $128.52.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the firm posted $1.53 EPS. The company’s revenue was down .7% on a year-over-year basis. On average, equities analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.
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A number of analysts recently weighed in on the stock. B. Riley reissued a “neutral” rating and issued a $128.00 price target on shares of Kimberly-Clark Corporation in a report on Sunday, April 23rd. Royal Bank Of Canada reissued a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 25th. Jefferies Group LLC reduced their price target on shares of Kimberly-Clark Corporation from $134.00 to $133.00 and set a “hold” rating on the stock in a research report on Tuesday, April 25th. TheStreet raised shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research report on Wednesday, April 26th. Finally, Berenberg Bank initiated coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They issued a “hold” rating and a $136.00 price objective on the stock. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. Kimberly-Clark Corporation currently has a consensus rating of “Hold” and a consensus target price of $133.07.
In other news, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sergio Cruz sold 7,078 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total value of $920,210.78. Following the completion of the sale, the insider now owns 4,910 shares of the company’s stock, valued at $638,349.10. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation Company 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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