Cetera Advisor Networks LLC lifted its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,671 shares of the company’s stock after buying an additional 1,711 shares during the period. Cetera Advisor Networks LLC’s holdings in Kimberly Clark were worth $5,501,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in KMB. Capital Research Global Investors increased its position in shares of Kimberly Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after buying an additional 3,191,549 shares during the period. Janus Henderson Group PLC boosted its stake in Kimberly Clark by 5,178.3% during the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after acquiring an additional 2,429,085 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Kimberly Clark by 305.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after acquiring an additional 1,514,722 shares in the last quarter. Stifel Financial Corp boosted its stake in Kimberly Clark by 29,110.9% during the third quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock worth $91,647,000 after acquiring an additional 775,805 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Kimberly Clark by 35.9% during the third quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after acquiring an additional 723,800 shares in the last quarter. Institutional investors own 71.69% of the company’s stock.
Several equities research analysts recently commented on KMB shares. Citigroup reissued a “hold” rating and set a $125.00 price objective (down previously from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Wells Fargo & Co dropped their price objective on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Bank of America dropped their price objective on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $125.87.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now owns 31,141 shares in the company, valued at $3,729,757.57. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.56% of the company’s stock.
Kimberly Clark Corp (NYSE KMB) opened at $116.10 on Monday. The stock has a market cap of $40,716.96, a P/E ratio of 18.11, a PEG ratio of 2.10 and a beta of 0.66. 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.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.03. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 earnings per share. research analysts forecast that Kimberly Clark Corp will post 6.98 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Thursday, March 8th. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio is currently 60.53%.
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Kimberly Clark Company 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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