Kimberly-Clark Corporation (KMB) Shares Bought by Laurion Capital Management LP
Laurion Capital Management LP boosted its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,287 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Laurion Capital Management LP’s holdings in Kimberly-Clark Corporation were worth $1,070,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of KMB. APG Asset Management N.V. grew its holdings in Kimberly-Clark Corporation by 85.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after acquiring an additional 929,300 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Kimberly-Clark Corporation during the 1st quarter worth about $93,657,000. Alliancebernstein L.P. grew its holdings in Kimberly-Clark Corporation by 83.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock worth $183,043,000 after acquiring an additional 645,881 shares during the last quarter. FMR LLC grew its holdings in Kimberly-Clark Corporation by 23.4% during the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after acquiring an additional 491,121 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Kimberly-Clark Corporation by 89.9% during the 2nd quarter. Principal Financial Group Inc. now owns 987,533 shares of the company’s stock worth $127,500,000 after acquiring an additional 467,559 shares during the last quarter. 70.40% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (NYSE KMB) opened at $114.32 on Friday. The stock has a market cap of $40,212.86, a PE ratio of 18.71, a PEG ratio of 2.97 and a beta of 0.74. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. Kimberly-Clark Corporation has a one year low of $109.67 and a one year high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. sell-side analysts expect that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be given a $0.97 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.39%. Kimberly-Clark Corporation’s dividend payout ratio is 64.03%.
A number of brokerages have commented on KMB. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. UBS AG reissued a “neutral” rating and set a $119.00 price objective (down previously from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Finally, Zacks Investment Research lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $127.14.
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.
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