Tiedemann Wealth Management LLC increased its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 164.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,399 shares of the company’s stock after buying an additional 3,358 shares during the period. Tiedemann Wealth Management LLC’s holdings in Kimberly-Clark Corporation were worth $711,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Kimberly-Clark Corporation during the fourth quarter worth $289,546,000. APG Asset Management N.V. boosted its position 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 worth $143,325,000 after buying an additional 554,200 shares in the last quarter. Swiss National Bank boosted its position 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 worth $218,180,000 after buying an additional 282,300 shares in the last quarter. Karp Capital Management Corp acquired a new position in Kimberly-Clark Corporation during the first quarter worth approximately $31,996,000. Finally, Boston Advisors LLC boosted its position in Kimberly-Clark Corporation by 576.9% in the first quarter. Boston Advisors LLC now owns 266,140 shares of the company’s stock worth $35,032,000 after buying an additional 226,822 shares in the last quarter. 70.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corporation (NYSE KMB) traded down 0.73% during midday trading on Friday, hitting $121.39. The company’s stock had a trading volume of 1,085,911 shares. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm has a market cap of $42.89 billion, a price-to-earnings ratio of 20.27 and a beta of 0.76. The firm has a 50-day moving average of $123.72 and a 200 day moving average of $128.52.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.49. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the firm earned $1.53 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities research analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be paid a $0.97 dividend. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.20%. Kimberly-Clark Corporation’s payout ratio is presently 64.88%.
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KMB has been the topic of a number of research analyst reports. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Citigroup Inc. set a $134.00 price objective on Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Zacks Investment Research downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, BidaskClub downgraded Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. Kimberly-Clark Corporation currently has an average rating of “Hold” and an average price target of $133.07.
In related news, Director Robert W. Decherd bought 1,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sergio Cruz sold 7,078 shares of Kimberly-Clark Corporation stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total value of $920,210.78. Following the sale, the insider now directly owns 4,910 shares of the company’s stock, valued at $638,349.10. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
About Kimberly-Clark Corporation
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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