Destination Wealth Management lessened its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 14.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,541 shares of the company’s stock after selling 5,774 shares during the period. Destination Wealth Management’s holdings in Kimberly Clark were worth $4,047,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Kimberly Clark by 4.9% in the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock worth $3,112,464,000 after buying an additional 1,212,672 shares in the last quarter. Vanguard Group Inc. raised its stake in Kimberly Clark by 2.2% in the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after buying an additional 537,794 shares in the last quarter. Capital Research Global Investors raised its stake in Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after buying an additional 3,191,549 shares in the last quarter. Wells Fargo & Company MN raised its stake in Kimberly Clark by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,724,192 shares of the company’s stock worth $690,679,000 after buying an additional 45,468 shares in the last quarter. Finally, American International Group Inc. raised its stake in Kimberly Clark by 2,507.7% in the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock worth $530,650,000 after buying an additional 4,229,240 shares in the last quarter. 72.97% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on KMB. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Wednesday, January 10th. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Citigroup set a $112.00 price objective on shares of Kimberly Clark and gave the stock a “sell” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank began coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective for the company. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Kimberly Clark currently has an average rating of “Hold” and a consensus price target of $125.87.
Kimberly Clark Corp (NYSE:KMB) opened at $113.65 on Friday. The stock has a market capitalization of $39,860.00, a price-to-earnings ratio of 18.36, a PEG ratio of 2.04 and a beta of 0.66. 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 12-month low of $109.51 and a 12-month high of $135.22.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. equities research analysts anticipate that Kimberly Clark Corp will post 6.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.52%. Kimberly Clark’s dividend payout ratio is presently 62.68%.
In other 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 transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.
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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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