Stephens Inc. AR lessened its holdings in shares of Kimberly-Clark Co. (NYSE: KMB – Get Rating) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,504 shares of the company stock after selling 10,921 shares during the period. Stephens Inc. AR’s holdings in Kimberly-Clark were worth $ 8,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its holdings in Kimberly-Clark by 2.7% in the fourth 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 in the last quarter. State Street Corp increased its holdings in Kimberly-Clark by 1.6% in the fourth quarter. State Street Corp now owns 17,858,070 shares of the company stock valued at $ 2,572,147,000 after buying an additional 289,762 shares in the last quarter. Capital Research Global Investors increased its holdings in Kimberly-Clark by 56.7% in the fourth quarter. Capital Research Global Investors now owns 11,172,139 shares of the company stock valued at $ 1,596,722,000 after buying an additional 4,043,708 shares in the last quarter. Geode Capital Management LLC increased its holdings in Kimberly-Clark by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,605,887 shares of the company stock valued at $ 799,062,000 after buying an additional 122,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Kimberly-Clark by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,048,251 shares of the company stock valued at $ 721,498,000 after buying an additional 189,877 shares in the last quarter. 74.32% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Michael D. Hsu sold 41,698 shares of the company stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 89,593 shares of the company stock, valued at approximately $ 12,550,187.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tristram Wilkinson sold 2,069 shares of the company stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $ 137.17, for a total transaction of $ 283,804.73. Following the sale, the insider now directly owns 14,102 shares in the company, valued at $ 1,934,371.34. The disclosure for this sale can be found here. Insiders sold a total of 62,696 shares of company stock worth $ 8,807,911 over the last three months. Insiders own 0.55% of the company stock.
A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $ 130.00 to $ 138.00 in a report on Monday, April 25th. StockNews.com started coverage on shares of Kimberly-Clark in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. The Goldman Sachs Group dropped their target price on shares of Kimberly-Clark from $ 130.00 to $ 124.00 in a research report on Tuesday, March 29th. JPMorgan Chase & Co. dropped their target price on shares of Kimberly-Clark from $ 118.00 to $ 113.00 in a research report on Wednesday, March 30th. Finally, Royal Bank of Canada lifted 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 report on Monday, April 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $ 132.60.
Shares of KMB stock opened at $ 121.79 on Friday. The company has a debt-to-equity ratio of 9.49, a current ratio of 0.81 and a quick ratio of 0.50. The firm’s 50-day moving average is $ 132.38 and its two-hundred day moving average is $ 132.87. Kimberly-Clark Co. has a 12 month low of $ 117.32 and a 12 month high of $ 145.79. The company has a market capitalization of $ 41.03 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 4.18 and a beta of 0.37.
Kimberly-Clark (NYSE: KMB – Get Rating) last issued its earnings results on Friday, April 22nd. The company reported $ 1.35 EPS for the quarter, topping analysts’ consensus estimates of $ 1.23 by $ 0.12. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The company had revenue of $ 5.10 billion for the quarter, compared to the estimate consensus of $ 4.92 billion. During the same period in the previous year, the firm earned $ 1.80 earnings per share. Kimberly-Clark’s quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that Kimberly-Clark Co. will post 5.82 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Friday, June 10th will be paid a $ 1.16 dividend. This represents a $ 4.64 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, June 9th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.40%.
Kimberly-Clark Profile: (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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