Qube Research & Technologies Ltd Grows Position in Kimberly Clark Corp (NYSE:KMB)

Qube Research & Technologies Ltd raised its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 70.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,771 shares of the company’s stock after purchasing an additional 6,126 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Kimberly Clark were worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Berman Capital Advisors LLC lifted its holdings in shares of Kimberly Clark by 25.6% in the second quarter. Berman Capital Advisors LLC now owns 368 shares of the company’s stock worth $49,000 after buying an additional 75 shares in the last quarter. MBM Wealth Consultants LLC lifted its holdings in shares of Kimberly Clark by 1.9% in the second quarter. MBM Wealth Consultants LLC now owns 4,134 shares of the company’s stock worth $551,000 after buying an additional 77 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Kimberly Clark by 1.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,770 shares of the company’s stock worth $636,000 after buying an additional 80 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Kimberly Clark by 1.1% in the first quarter. Thoroughbred Financial Services LLC now owns 8,033 shares of the company’s stock worth $995,000 after buying an additional 84 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Kimberly Clark by 4.3% in the first quarter. Coldstream Capital Management Inc. now owns 2,061 shares of the company’s stock worth $255,000 after buying an additional 85 shares in the last quarter. 71.62% of the stock is currently owned by institutional investors and hedge funds.

In other Kimberly Clark news, insider Achal Agarwal sold 8,947 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $139.50, for a total transaction of $1,248,106.50. Following the transaction, the insider now directly owns 57,103 shares in the company, valued at $7,965,868.50. The sale 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 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 transaction, the insider now owns 51,307 shares in the company, valued at $6,723,782.35. The disclosure for this sale can be found here. Insiders have sold 49,433 shares of company stock worth $6,599,379 over the last quarter. Company insiders own 0.85% of the company’s stock.

KMB traded up $1.45 on Friday, reaching $140.72. The company had a trading volume of 1,416,900 shares, compared to its average volume of 1,735,845. The business has a 50 day simple moving average of $136.95 and a 200 day simple moving average of $127.56. The company has a market cap of $47.93 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 3.73 and a beta of 0.56. The company has a debt-to-equity ratio of 134.02, a quick ratio of 0.53 and a current ratio of 0.81. Kimberly Clark Corp has a 52-week low of $100.32 and a 52-week high of $141.71.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The business had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period last year, the firm posted $1.59 earnings per share. Kimberly Clark’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts predict that Kimberly Clark Corp will post 6.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, September 5th. Kimberly Clark’s payout ratio is currently 62.33%.

KMB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Kimberly Clark from $151.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Morgan Stanley raised their target price on shares of Kimberly Clark from $145.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Argus raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Tuesday, April 23rd. ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research note on Sunday, July 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $129.67.

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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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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