Kimberly Clark Corp (KMB) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 0.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,303,394 shares of the company’s stock after selling 627 shares during the period. Kimberly Clark accounts for 1.3% of King Luther Capital Management Corp’s investment portfolio, making the stock its 22nd biggest holding. King Luther Capital Management Corp owned 0.37% of Kimberly Clark worth $153,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Kimberly Clark by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock valued at $3,197,638,000 after purchasing an additional 537,794 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Kimberly Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Kimberly Clark by 3.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock valued at $731,643,000 after purchasing an additional 181,517 shares during the last quarter. Federated Investors Inc. PA lifted its stake in shares of Kimberly Clark by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock valued at $421,692,000 after purchasing an additional 55,108 shares during the last quarter. Finally, APG Asset Management N.V. lifted its stake in shares of Kimberly Clark by 35.9% in the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock valued at $322,672,000 after purchasing an additional 723,800 shares during the last quarter. Institutional investors and hedge funds own 71.47% of the company’s stock.

Kimberly Clark Corp (NYSE:KMB) opened at $112.98 on Friday. Kimberly Clark Corp has a twelve month low of $109.67 and a twelve month high of $136.21. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The stock has a market cap of $39,740.00, a PE ratio of 18.64, a PEG ratio of 2.93 and a beta of 0.75.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. equities research analysts forecast that Kimberly Clark Corp will post 6.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were issued a dividend of $0.97 per share. The ex-dividend date was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.43%. Kimberly Clark’s payout ratio is 64.03%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Wednesday. Deutsche Bank assumed coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective for the company. Citigroup lowered shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective for the company. in a research note on Monday, December 11th. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and lifted their price objective for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Finally, Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Kimberly Clark presently has a consensus rating of “Hold” and a consensus target price of $126.50.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.com-unik.info/2018/01/13/kimberly-clark-corp-kmb-shares-sold-by-king-luther-capital-management-corp.html.

About Kimberly Clark

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 (NYSE:KMB)

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit