1 week Ago By ABMN Staff
New York Life Investment Management LLC increased its stake in Kimberly-Clark Co. ( NYSE:KMB – Free Report ) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 51,389 shares of the company’s stock after acquiring an additional 479 shares during the quarter. New York Life Investment Management LLC’s holdings in Kimberly-Clark were worth $7,102,000 at the end of the most recent reporting period. A number of other institutional investors also recently modified their holdings of KMB.
Parkside Financial Bank & Trust raised its holdings in shares of Kimberly-Clark by 9.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,471 shares of the company’s stock valued at $203,000 after purchasing an additional 121 shares during the period.
Arizona State Retirement System raised its stake in Kimberly-Clark by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 97,673 shares of the company’s stock worth $13,498,000 after buying an additional 695 shares during the period.
Victory Capital Management Inc. boosted its holdings in Kimberly-Clark by 27.9% in the second quarter.
Victory Capital Management Inc. now owns 1,070,325 shares of the company’s stock worth $147,919,000 after acquiring an additional 233,496 shares in the last quarter. Kornitzer Capital Management Inc.
KS grew its stake in Kimberly-Clark by 0.8% in the second quarter. Kornitzer Capital Management Inc.
KS now owns 289,881 shares of the company’s stock valued at $40,062,000 after acquiring an additional 2,280 shares during the period. Finally, National Bank of Canada FI raised its position in shares of Kimberly-Clark by 54.9% during the second quarter.
National Bank of Canada FI now owns 411,682 shares of the company’s stock worth $56,704,000 after purchasing an additional 145,915 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.
Insider Buying and Selling at Kimberly-Clark In other news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.
42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.
70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . In related news, insider Jeffrey P.
Melucci sold 37,699 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.
58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.
84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.
68. The disclosure for this sale can be found here . Corporate insiders own 0.
62% of the company’s stock. Kimberly-Clark Trading Down 0.8 % Kimberly-Clark ( NYSE:KMB – Get Free Report ) last released its earnings results on Tuesday, July 23rd.
The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.
25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.
55%. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.
10 billion. During the same period in the previous year, the company earned $1.65 earnings per share.
The company’s quarterly revenue was down 2.0% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Co.
will post 7.25 EPS for the current year. Kimberly-Clark Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd.
Shareholders of record on Friday, September 6th will be given a $1.22 dividend. This represents a $4.
88 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, September 6th.
Kimberly-Clark’s dividend payout ratio is currently 89.71%. Analyst Ratings Changes Several analysts recently issued reports on KMB shares.
Piper Sandler lifted their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th.
Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th.
Bank of America upgraded shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and upped their target price for the stock from $115.00 to $160.00 in a report on Thursday, June 13th.
Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th.
Finally, Barclays dropped their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th.
Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $145.67.
View Our Latest Stock Analysis on KMB About Kimberly-Clark ( Free Report ) Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
Further Reading Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co. ( NYSE:KMB – Free Report ).
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