South State Corp decreased its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 3.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,814 shares of the company’s stock after selling 164 shares during the period. South State Corp’s holdings in Kimberly-Clark Corporation were worth $634,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of KMB. UBS Asset Management Americas Inc. boosted its position in Kimberly-Clark Corporation by 1.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,040,738 shares of the company’s stock valued at $118,770,000 after buying an additional 19,334 shares during the last quarter. RMB Capital Management LLC acquired a new position in shares of Kimberly-Clark Corporation during the fourth quarter worth approximately $937,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kimberly-Clark Corporation during the fourth quarter worth approximately $605,000. Quadrature Capital Ltd acquired a new position in shares of Kimberly-Clark Corporation during the fourth quarter worth approximately $4,748,000. Finally, Dodge & Cox acquired a new position in shares of Kimberly-Clark Corporation during the fourth quarter worth approximately $459,000. 70.15% of the stock is owned by institutional investors.
Shares of Kimberly-Clark Corporation (KMB) traded down 0.73% during midday trading on Friday, reaching $121.39. 1,085,911 shares of the company were exchanged. The firm has a 50-day moving average of $123.72 and a 200 day moving average of $128.52. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The firm has a market capitalization of $42.89 billion, a P/E ratio of 20.27 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. Kimberly-Clark Corporation’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 earnings per share. On average, equities research analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
KMB has been the subject of a number of recent research reports. B. Riley reissued a “neutral” rating and issued a $128.00 price objective on shares of Kimberly-Clark Corporation in a research note on Sunday, April 23rd. BidaskClub cut shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Jefferies Group LLC reissued a “hold” rating and issued a $133.00 price objective on shares of Kimberly-Clark Corporation in a research note on Wednesday, May 31st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a research note on Tuesday, April 25th. Finally, TheStreet raised shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. Kimberly-Clark Corporation has a consensus rating of “Hold” and a consensus target price of $133.07.
In other news, insider Sergio Cruz sold 7,078 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the sale, the insider now owns 4,910 shares of the company’s stock, valued at $638,349.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Decherd purchased 1,500 shares of Kimberly-Clark Corporation stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The disclosure for this purchase 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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