BLB&B Advisors LLC Increases Holdings in Kimberly Clark Corp (NYSE:KMB)

BLB&B Advisors LLC lifted its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,866 shares of the company’s stock after purchasing an additional 980 shares during the period. BLB&B Advisors LLC’s holdings in Kimberly Clark were worth $2,638,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nexus Investment Management Inc. grew its holdings in Kimberly Clark by 10.4% in the 2nd quarter. Nexus Investment Management Inc. now owns 5,300 shares of the company’s stock valued at $684,000 after buying an additional 500 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Kimberly Clark by 37.1% during the 2nd quarter. Fisher Asset Management LLC now owns 3,611 shares of the company’s stock worth $466,000 after purchasing an additional 977 shares in the last quarter. National Pension Service grew its holdings in shares of Kimberly Clark by 12.5% during the 2nd quarter. National Pension Service now owns 286,046 shares of the company’s stock worth $36,900,000 after purchasing an additional 31,753 shares in the last quarter. Forte Capital LLC ADV grew its holdings in shares of Kimberly Clark by 11.0% during the 2nd quarter. Forte Capital LLC ADV now owns 7,939 shares of the company’s stock worth $1,025,000 after purchasing an additional 785 shares in the last quarter. Finally, Iowa State Bank grew its holdings in shares of Kimberly Clark by 1.2% during the 2nd quarter. Iowa State Bank now owns 23,528 shares of the company’s stock worth $3,038,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

Shares of Kimberly Clark Corp (NYSE:KMB) traded up $0.07 on Wednesday, hitting $112.73. The stock had a trading volume of 1,678,621 shares, compared to its average volume of 2,900,000. Kimberly Clark Corp has a 52 week low of $109.51 and a 52 week high of $136.21. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34. The company has a market capitalization of $39,540.00, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.

Kimberly Clark (NYSE:KMB) last released its earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.54 by $0.03. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. research analysts predict that Kimberly Clark Corp will post 6.98 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, March 8th. This represents a $4.00 annualized dividend and a yield of 3.55%. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio (DPR) is currently 60.63%.

In related news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.

KMB has been the topic of several analyst reports. JPMorgan Chase & Co. lowered Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Citigroup restated a “hold” rating and set a $125.00 price objective (down from $131.00) on shares of Kimberly Clark in a research report on Tuesday, October 24th. Wells Fargo & Co dropped their price objective on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research report on Tuesday, October 24th. Bank of America dropped their price objective on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Finally, Barclays restated a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $126.44.

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Kimberly Clark Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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

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