Cooke & Bieler LP continued to hold its position in Kimberly-Clark Corporation (NYSE:KMB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,067 shares of the company’s stock at the end of the third quarter. Cooke & Bieler LP’s holdings in Kimberly-Clark Corporation were worth $6,063,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. Janus Capital Management LLC boosted its position in Kimberly-Clark Corporation by 73.5% in the second quarter. Janus Capital Management LLC now owns 5,203,212 shares of the company’s stock worth $715,337,000 after buying an additional 2,204,022 shares during the last quarter. American Century Companies Inc. acquired a new position in Kimberly-Clark Corporation during the second quarter worth about $112,177,000. Vanguard Group Inc. boosted its position in Kimberly-Clark Corporation by 2.8% in the second quarter. Vanguard Group Inc. now owns 25,395,093 shares of the company’s stock worth $3,491,317,000 after buying an additional 695,252 shares during the last quarter. Bank of Montreal Can acquired a new position in Kimberly-Clark Corporation during the second quarter worth about $72,980,000. Finally, Lord Abbett & CO. LLC boosted its position in Kimberly-Clark Corporation by 70.3% in the second quarter. Lord Abbett & CO. LLC now owns 1,062,950 shares of the company’s stock worth $146,134,000 after buying an additional 438,675 shares during the last quarter. 67.74% of the stock is owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (NYSE:KMB) traded up 0.27% during mid-day trading on Wednesday, reaching $114.67. The company had a trading volume of 557,275 shares. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $138.87. The company has a market capitalization of $41.07 billion, a P/E ratio of 20.85 and a beta of 0.60. The stock has a 50 day moving average price of $114.92 and a 200 day moving average price of $122.76.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Monday, October 24th. The company reported $1.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by $0.02. Kimberly-Clark Corporation had a return on equity of 648.51% and a net margin of 10.96%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the business posted $1.51 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Corporation will post $6.00 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Friday, December 9th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $3.68 dividend on an annualized basis and a yield of 3.22%. Kimberly-Clark Corporation’s payout ratio is currently 67.03%.
A number of research analysts have issued reports on KMB shares. Wells Fargo & Company reissued a “market perform” rating on shares of Kimberly-Clark Corporation in a research note on Tuesday, November 15th. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $145.00 price target on shares of Kimberly-Clark Corporation in a report on Tuesday, October 25th. Societe Generale restated a “buy” rating and issued a $139.00 price target on shares of Kimberly-Clark Corporation in a report on Thursday, October 27th. Finally, Atlantic Securities started coverage on Kimberly-Clark Corporation in a report on Monday, October 10th. They issued an “underweight” rating and a $124.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $128.60.
In other Kimberly-Clark Corporation news, SVP Thomas J. Mielke sold 11,946 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $113.34, for a total transaction of $1,353,959.64. Following the completion of the sale, the senior vice president now directly owns 30,091 shares in the company, valued at approximately $3,410,513.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Decherd purchased 2,000 shares of the firm’s stock in a transaction on Thursday, October 27th. The shares were acquired at an average price of $113.59 per share, with a total value of $227,180.00. Following the completion of the acquisition, the director now owns 41,944 shares in the company, valued at approximately $4,764,418.96. The disclosure for this purchase can be found here. Company insiders own 0.58% 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 operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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