Pinebridge Investments L.P. trimmed its position in Kimberly Clark Corp (NYSE:KMB) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,847 shares of the company’s stock after selling 18,721 shares during the quarter. Pinebridge Investments L.P.’s holdings in Kimberly Clark were worth $15,668,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Kimberly Clark by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock valued at $3,197,638,000 after buying an additional 537,794 shares in the last quarter. Capital Research Global Investors grew its holdings in Kimberly Clark by 46.6% in the 2nd 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 in the last quarter. Wells Fargo & Company MN grew its holdings in Kimberly Clark by 0.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,724,192 shares of the company’s stock valued at $690,679,000 after buying an additional 45,468 shares in the last quarter. APG Asset Management N.V. grew its holdings in Kimberly Clark by 8.9% in the 4th quarter. APG Asset Management N.V. now owns 2,986,444 shares of the company’s stock valued at $300,087,000 after buying an additional 244,500 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Kimberly Clark by 5,178.3% in the 2nd quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after buying an additional 2,429,085 shares in the last quarter. 72.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly Clark Corp (KMB) opened at $114.45 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34. Kimberly Clark Corp has a 1-year low of $109.51 and a 1-year high of $136.21. The stock has a market capitalization of $40,717.00, a price-to-earnings ratio of 18.64, a PEG ratio of 2.10 and a beta of 0.66.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share 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 the consensus estimate of $4.61 billion. During the same period in the prior year, the company earned $1.45 EPS. Kimberly Clark’s revenue for the quarter was up .8% on a year-over-year basis. research analysts anticipate that Kimberly Clark Corp will post 6.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be given a dividend of $1.00 per share. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s dividend payout ratio is currently 60.53%.
In related news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction 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 directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The sale was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by corporate insiders.
A number of research analysts have commented on the company. Citigroup set a $112.00 price objective on Kimberly Clark and gave the company a “sell” rating in a report on Wednesday, January 24th. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Deutsche Bank initiated coverage on Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Societe Generale raised Kimberly Clark from a “hold” rating to a “buy” rating and increased their target price for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Finally, Barclays reissued a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $125.87.
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About Kimberly Clark
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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