Toronto Dominion Bank raised its holdings in shares of Kimberly-Clark (NYSE:KMB) by 24.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 191,524 shares of the company’s stock after purchasing an additional 37,330 shares during the period. Toronto Dominion Bank owned about 0.05% of Kimberly-Clark worth $21,088,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Kimberly-Clark by 4.9% during the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock valued at $3,112,464,000 after purchasing an additional 1,212,672 shares during the last quarter. Wells Fargo & Company MN increased its stake in Kimberly-Clark by 0.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,724,192 shares of the company’s stock valued at $690,679,000 after purchasing an additional 45,468 shares during the last quarter. American International Group Inc. increased its stake in Kimberly-Clark by 2,507.7% during the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock valued at $530,650,000 after purchasing an additional 4,229,240 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Kimberly-Clark by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,376,355 shares of the company’s stock valued at $528,051,000 after purchasing an additional 470,630 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Kimberly-Clark by 23.0% during the fourth quarter. Geode Capital Management LLC now owns 4,058,562 shares of the company’s stock valued at $488,760,000 after purchasing an additional 758,032 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.
Several analysts have weighed in on KMB shares. Barclays set a $119.00 target price on shares of Kimberly-Clark and gave the company a “hold” rating in a research note on Thursday, March 15th. Zacks Investment Research downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Wells Fargo & Co reduced their price target on shares of Kimberly-Clark from $117.00 to $108.00 and set a “market perform” rating for the company in a report on Thursday, April 19th. ValuEngine downgraded shares of Kimberly-Clark from a “hold” rating to a “sell” rating in a report on Monday, April 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kimberly-Clark from $104.00 to $86.00 and set an “underweight” rating for the company in a report on Tuesday, April 24th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $119.33.
In related news, Director Robert W. Decherd acquired 2,000 shares of Kimberly-Clark stock in a transaction that occurred on Tuesday, April 24th. The stock was acquired at an average price of $100.05 per share, with a total value of $200,100.00. Following the completion of the acquisition, the director now directly owns 45,444 shares of the company’s stock, valued at approximately $4,546,672.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Sandra Macquillan sold 3,045 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $105.63, for a total transaction of $321,643.35. Following the completion of the sale, the senior vice president now directly owns 5,642 shares of the company’s stock, valued at approximately $595,964.46. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
KMB stock opened at $105.46 on Friday. The stock has a market capitalization of $36.46 billion, a P/E ratio of 16.38, a P/E/G ratio of 2.11 and a beta of 0.66. Kimberly-Clark has a fifty-two week low of $97.10 and a fifty-two week high of $134.29. The company has a debt-to-equity ratio of 10.96, a current ratio of 0.80 and a quick ratio of 0.54.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, April 23rd. The company reported $1.71 earnings per share for the quarter, hitting the consensus estimate of $1.71. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.60 billion. Kimberly-Clark had a net margin of 9.77% and a return on equity of 398.41%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 earnings per share. analysts anticipate that Kimberly-Clark will post 6.94 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 8th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, June 7th. Kimberly-Clark’s payout ratio is currently 64.21%.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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