Clarity Financial LLC increased its position in shares of Kimberly-Clark Co. (NYSE: KMB – Get Rating) by 12.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,599 shares of the company stock after buying an additional 398 shares during the period. Clarity Financial LLC’s holdings in Kimberly-Clark were worth $ 443,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Capital Research Global Investors increased its position in shares of Kimberly-Clark by 56.7% in the 4th quarter. Capital Research Global Investors now owns 11,172,139 shares of the company stock worth $ 1,596,722,000 after purchasing an additional 4,043,708 shares during the last quarter. Norges Bank bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $ 473,552,000. Nuance Investments LLC grew its position in shares of Kimberly-Clark by 45.5% during the 4th quarter. Nuance Investments LLC now owns 2,335,822 shares of the company stock valued at $ 333,836,000 after buying an additional 730,947 shares during the last quarter. BlackRock Inc. grew its position in shares of Kimberly-Clark by 2.7% during the 4th quarter. BlackRock Inc. now owns 25,904,715 shares of the company stock valued at $ 3,702,302,000 after buying an additional 690,759 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Kimberly-Clark by 5,400.9% during the 4th quarter. Squarepoint Ops LLC now owns 361,355 shares of the company stock valued at $ 51,645,000 after buying an additional 354,786 shares during the last quarter. 74.32% of the stock is owned by institutional investors.
KMB stock opened at $ 133.59 on Tuesday. Kimberly-Clark Co. has a 12 month low of $ 117.32 and a 12 month high of $ 145.79. The firm has a market cap of $ 45.01 billion, a PE ratio of 25.74, a P / E / G ratio of 4.62 and a beta of 0.37. The firm has a 50 day simple moving average of $ 132.73 and a 200 day simple moving average of $ 132.57. The company has a debt-to-equity ratio of 9.49, a current ratio of 0.81 and a quick ratio of 0.50.
Kimberly-Clark (NYSE: KMB – Get Rating) last released its earnings results on Friday, April 22nd. The company reported $ 1.35 EPS for the quarter, beating the consensus estimate of $ 1.23 by $ 0.12. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The business had revenue of $ 5.10 billion during the quarter, compared to analyst estimates of $ 4.92 billion. During the same period in the prior year, the business earned $ 1.80 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 5.82 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Shareholders of record on Friday, June 10th will be paid a $ 1.16 dividend. The ex-dividend date is Thursday, June 9th. This represents a $ 4.64 annualized dividend and a yield of 3.47%. Kimberly-Clark’s dividend payout ratio is currently 89.40%.
A number of brokerages recently weighed in on KMB. UBS Group boosted their price target on shares of Kimberly-Clark from $ 128.00 to $ 140.00 in a research report on Monday, April 25th. Morgan Stanley boosted their price objective on shares of Kimberly-Clark from $ 133.00 to $ 137.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $ 118.00 to $ 113.00 in a research note on Wednesday, March 30th. Royal Bank of Canada boosted their target price on shares of Kimberly-Clark from $ 122.00 to $ 124.00 and gave the company a “sector perform” rating in a research note on Monday, April 25th. Finally, StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Monday, June 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $ 132.60.
In related news, CEO Michael D. Hsu sold 41,698 shares of the company stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $ 140.08, for a total transaction of $ 5,841,055.84. Following the completion of the sale, the chief executive officer now directly owns 89,593 shares of the company stock, valued at approximately $ 12,550,187.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Doug Cunningham sold 3,627 shares of the company stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $ 138.00, for a total transaction of $ 500,526.00. Following the sale, the insider now directly owns 4,242 shares of the company stock, valued at $ 585,396. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,696 shares of company stock worth $ 8,807,911. Company insiders own 0.55% of the company stock.
About Kimberly-Clark: (Get Rating)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and KC Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex , Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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