Rockefeller Capital Management L.P. Boosts Position in Kimberly Clark Corp (NYSE:KMB)
Rockefeller Capital Management L.P. raised its holdings in Kimberly Clark Corp (NYSE:KMB) by 3,829.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,065 shares of the company’s stock after buying an additional 2,987 shares during the period. Rockefeller Capital Management L.P.’s holdings in Kimberly Clark were worth $380,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Horan Capital Advisors LLC. purchased a new stake in Kimberly Clark in the first quarter valued at approximately $25,000. Phocas Financial Corp. purchased a new position in Kimberly Clark in the fourth quarter valued at about $28,000. Proficio Capital Partners LLC increased its holdings in Kimberly Clark by 76.9% in the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock valued at $29,000 after buying an additional 110 shares in the last quarter. First Mercantile Trust Co. grew its position in shares of Kimberly Clark by 154.5% in the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock valued at $32,000 after purchasing an additional 170 shares during the last quarter. Finally, Loeb Partners Corp acquired a new stake in Kimberly Clark during the fourth quarter worth approximately $34,000. 71.34% of the stock is owned by institutional investors.
In other news, SVP Jeffrey P. Melucci sold 7,903 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $130.17, for a total transaction of $1,028,733.51. Following the sale, the senior vice president now owns 15,297 shares in the company, valued at $1,991,210.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kimberly K. Underhill sold 23,785 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $131.05, for a total transaction of $3,117,024.25. Following the sale, the insider now owns 51,307 shares in the company, valued at approximately $6,723,782.35. The disclosure for this sale can be found here. Insiders sold a total of 446,313 shares of company stock worth $56,436,155 over the last quarter. Insiders own 0.85% of the company’s stock.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, April 22nd. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.12. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the previous year, the firm earned $1.71 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities research analysts predict that Kimberly Clark Corp will post 6.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.03%. Kimberly Clark’s payout ratio is currently 62.33%.
Several research analysts have recently commented on KMB shares. ValuEngine raised shares of Kimberly Clark from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Wells Fargo & Co lifted their price target on shares of Kimberly Clark from $105.00 to $115.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $102.00 to $142.00 in a report on Tuesday, April 23rd. Morgan Stanley lifted their price target on shares of Kimberly Clark from $113.00 to $124.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Finally, Argus raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Tuesday, April 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $120.24.
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About Kimberly Clark
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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