LMR Partners LLP purchased a new stake in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 14,334 shares of the company’s stock, valued at approximately $1,886,000.

Several other hedge funds have also recently added to or reduced their stakes in KMB. Tortoise Investment Management LLC raised its stake in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the last quarter. Armbruster Capital Management Inc. raised its stake in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the last quarter. Heritage Trust Co purchased a new stake in Kimberly-Clark Corporation during the first quarter valued at approximately $118,000. Finally, Clean Yield Group purchased a new stake in Kimberly-Clark Corporation during the first quarter valued at approximately $145,000. 70.08% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Corporation (NYSE KMB) traded up 0.210% during mid-day trading on Monday, hitting $121.775. The stock had a trading volume of 161,118 shares. The company has a market cap of $43.02 billion, a price-to-earnings ratio of 20.333 and a beta of 0.76. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The company has a 50 day moving average price of $122.99 and a 200-day moving average price of $128.55.

Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 EPS. Equities analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.

ILLEGAL ACTIVITY WARNING: This story was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://theolympiareport.com/2017/08/28/lmr-partners-llp-takes-position-in-kimberly-clark-corporation-kmb.html.

KMB has been the topic of a number of research analyst reports. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on Kimberly-Clark Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. Jefferies Group LLC reissued a “hold” rating and issued a $122.00 target price (down previously from $133.00) on shares of Kimberly-Clark Corporation in a research report on Thursday, July 6th. Berenberg Bank initiated coverage on Kimberly-Clark Corporation in a research report on Friday, June 9th. They issued a “hold” rating and a $136.00 target price on the stock. Finally, Citigroup Inc. set a $132.00 target price on Kimberly-Clark Corporation and gave the company a “hold” rating in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $133.07.

In related news, Director Robert W. Decherd bought 1,500 shares of the business’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 purchase, the director now directly owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Sergio Cruz sold 7,078 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now owns 4,910 shares of the company’s stock, valued at $638,349.10. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Kimberly-Clark Corporation Company Profile

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 Corporation (NYSE:KMB)

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