Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) during the first quarter, Holdings Channel reports. The institutional investor bought 20,904 shares of the company’s stock, valued at approximately $2,017,000.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Kimberly-Clark by 26,997.7% during the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after buying an additional 7,341,215 shares during the last quarter. Norges Bank bought a new position in Kimberly-Clark during the 4th quarter worth $521,184,000. Massachusetts Financial Services Co. MA increased its position in Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after buying an additional 2,628,206 shares during the period. State Street Corp lifted its stake in Kimberly-Clark by 5.0% in the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after buying an additional 997,397 shares during the last quarter. Finally, TOMS Capital Investment Management LP bought a new stake in Kimberly-Clark in the fourth quarter valued at $92,314,000. 76.29% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 7,096 shares of company stock worth $689,687. Insiders own 0.75% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Research Report on Kimberly-Clark
Kimberly-Clark Stock Down 0.6%
KMB stock opened at $108.35 on Friday. The company has a 50 day moving average of $103.19 and a two-hundred day moving average of $101.74. The company has a market cap of $35.97 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 4.85 and a beta of 0.26. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $137.46. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the company posted $1.93 EPS. Kimberly-Clark’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Kimberly-Clark Corporation will post 7.47 earnings per share for the current fiscal year.
Kimberly-Clark Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $1.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s payout ratio is 80.38%.
Kimberly-Clark Company Profile
Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.
Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.
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