Meeder Asset Management Inc. grew its position in Kimberly Clark Corp (NYSE:KMB) by 36,500.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,784 shares of the company’s stock after purchasing an additional 8,760 shares during the period. Meeder Asset Management Inc.’s holdings in Kimberly Clark were worth $1,172,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Horan Capital Advisors LLC. acquired a new position in shares of Kimberly Clark in the 1st quarter valued at about $25,000. HMS Capital Management LLC acquired a new position in Kimberly Clark during the 2nd quarter worth approximately $28,000. Manchester Financial Inc. acquired a new position in Kimberly Clark during the 2nd quarter worth approximately $34,000. Weaver Consulting Group acquired a new position in Kimberly Clark during the 1st quarter worth approximately $38,000. Finally, Penserra Capital Management LLC acquired a new position in Kimberly Clark during the 1st quarter worth approximately $40,000. 71.46% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Aaron Powell sold 3,964 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $137.95, for a total value of $546,833.80. Following the completion of the sale, the insider now directly owns 5,780 shares in the company, valued at approximately $797,351. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Achal Agarwal sold 8,947 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $139.50, for a total value of $1,248,106.50. Following the completion of the sale, the insider now owns 57,103 shares of the company’s stock, valued at $7,965,868.50. The disclosure for this sale can be found here. Insiders sold a total of 17,745 shares of company stock valued at $2,453,621 over the last quarter. Company insiders own 0.85% of the company’s stock.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the business earned $1.59 EPS. Kimberly Clark’s revenue for the quarter was down .2% compared to the same quarter last year. On average, sell-side analysts forecast that Kimberly Clark Corp will post 6.8 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be issued a $1.03 dividend. The ex-dividend date is Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.90%. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.
Several research firms recently commented on KMB. Bank of America reissued a “neutral” rating and set a $143.00 price target (up from $135.00) on shares of Kimberly Clark in a research report on Wednesday, June 19th. Citigroup boosted their price target on Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a research report on Tuesday, April 23rd. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research report on Thursday, April 25th. ValuEngine lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $129.67.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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