BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Kimberly Clark Corp (NYSE:KMB) by 24.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,538 shares of the company’s stock after selling 36,546 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Kimberly Clark were worth $13,016,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Exchange Capital Management Inc. grew its holdings in shares of Kimberly Clark by 800.0% during the third quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock valued at $102,000 after buying an additional 800 shares during the last quarter. Braun Bostich & Associates Inc. grew its holdings in shares of Kimberly Clark by 1,426.9% during the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock valued at $108,000 after buying an additional 956 shares during the last quarter. Arlington Partners LLC acquired a new position in shares of Kimberly Clark during the third quarter valued at about $114,000. Fort L.P. acquired a new position in shares of Kimberly Clark during the second quarter valued at about $125,000. Finally, Bridgeworth LLC acquired a new position in shares of Kimberly Clark during the second quarter valued at about $135,000. 72.10% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on KMB. Citigroup lifted their price objective on shares of Kimberly Clark from $93.00 to $95.00 and gave the company a “sell” rating in a report on Wednesday, October 24th. Morgan Stanley set a $100.00 price objective on shares of Kimberly Clark and gave the company a “sell” rating in a report on Tuesday, October 23rd. Jefferies Financial Group reiterated a “hold” rating and set a $100.00 price objective on shares of Kimberly Clark in a report on Monday, October 22nd. Wells Fargo & Co lifted their price objective on shares of Kimberly Clark from $97.00 to $105.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. Finally, Deutsche Bank cut shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 price target on the stock. in a report on Wednesday, October 10th. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $105.64.
Kimberly Clark stock opened at $112.51 on Thursday. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $123.77. The stock has a market cap of $39.95 billion, a P/E ratio of 18.06, a PEG ratio of 2.75 and a beta of 0.69. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.75.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 22nd. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.07. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the company earned $1.60 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that Kimberly Clark Corp will post 6.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Friday, December 7th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.56%. The ex-dividend date is Thursday, December 6th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 1,000 shares of Kimberly Clark stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $111.18, for a total value of $111,180.00. Following the sale, the senior vice president now owns 4,132 shares of the company’s stock, valued at $459,395.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael T. Azbell sold 13,565 shares of Kimberly Clark stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the completion of the sale, the vice president now directly owns 6,432 shares in the company, valued at approximately $739,680. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.
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Kimberly Clark Profile
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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