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.
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