BlackRock Fund Advisors has recently announced that it has increased stake in Kimberly-Clark Corp. (NYSE:KMB) by 1.07%. After grabbing 20.24 million shares, the institutional investor is now in possession of 0.21 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 5.99% having worth around $2.46 billion. Moreover, Charles Schwab Investment Managem increased its share by 0.18 million to have a control over 7.19 million shares. And Geode Capital Management LLC raised its holdings to 0.19 million shares by acquiring 6.85 million shares or 2.03% of the stake.
Kimberly-Clark Corp. (KMB) concluded trading on Wednesday at a closing price of $118.04, with 6.02 million shares of worth about $710.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.19% during that period and On Wednesday, January 24 the price saw a loss of about -5.53%. Currently the company’s common shares owned by public are about 337.94M shares, out of which, 337.07M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 42 times over the past 12 months. They bought 164,567 shares in 21 of the transactions. In 21 selling transactions, insiders dumped 111,898 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Schwab US Dividend Equity ETF are the top 3 mutual funds which are holding stakes in Kimberly-Clark Corp. Vanguard Total Stock Market ETF is currently holding 10.59 million shares of worth totaling $1.29 billion. The company recently came buying 2134.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard 500 Index Fund bought 7858.0 shares, after which its hold over company’s outstanding shares expand to 2.44%, leaving 8.25 million shares with the mutual fund that have a worth of about $1.0 billion. Schwab US Dividend Equity ETF, after buying 5.33 million shares, have now control over 1.58% of the stake in the company. It holds 7068.0 shares of worth $647.97 million.
However, the stock later moved at a day high price of 121.02, or with a loss of -5.53%. Stock saw a price change of -4.28% in past 5 days and over the past one month there was a price change of -1.16%. Year-to-date (YTD), KMB shares are showing a performance of -2.86% which decreased to -12.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $116.32 but also hit the highest price of $147.87 during that period. The average intraday trading volume for Kimberly-Clark Corp. shares is 1.92 million. The stock is currently trading -3.62% below its 20-day simple moving average (SMA20), while that difference is down -3.15% for SMA50 and it goes to -8.59% lower than SMA200.
BlackRock Fund Advisors acquired 20.24 million shares of Kimberly-Clark Corp. having value of about $2.46 billion. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.21 million shares in the company valued at close to $25301637.92, or have control over 1.07% stake in the company. Kimberly-Clark Corp. (NYSE: KMB) currently have 337.94M outstanding shares and institutions hold larger chunk of about 77.84% of that. Holding of mutual funds in the company is about 36.71% while other institutional holders and individual stake holders have control over 41.63% and 0.74% of the stake respectively.
The stock has a current market capitalization of $39.89B and its 3Y-monthly beta is at 0.42. PE ratio of stock for trailing 12 months is 22.67, while it has posted earnings per share of $5.21 in the same period. Its PEG reads 2.44 and has Quick Ratio of 0.54 while making debt-to-equity ratio of 8.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KMB, volatility over the week remained 1.47% while standing at 1.17% over the month.
Analysts are in expectations that Kimberly-Clark Corp. (KMB) stock would likely to be making an EPS of $Kinder Morgan, Inc. in the current quarter, while forecast for next quarter EPS is $16.89 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Williams Companies, Inc. (The) which is $CarMax Inc at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Limbach Holdings, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.62% while it is estimated to increase by 6.21% in next year. EPS is likely to grow at an annualized rate of 9.30% for next 5-years, compared to annual growth of 5.26% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on December 15, 2023 offering an Underperform rating for the stock and assigned a target price range of between $135 and $115 to it.
