GWM Advisors LLC grew its position in Kimberly Clark Corp (NYSE:KMB) by 13.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,912 shares of the company’s stock after buying an additional 2,363 shares during the quarter. GWM Advisors LLC’s holdings in Kimberly Clark were worth $2,467,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc grew its stake in Kimberly Clark by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 26,068,811 shares of the company’s stock worth $2,962,461,000 after purchasing an additional 264,393 shares in the last quarter. BlackRock Inc. grew its stake in Kimberly Clark by 3.4% during the 4th quarter. BlackRock Inc. now owns 24,634,126 shares of the company’s stock worth $2,806,813,000 after purchasing an additional 800,098 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Kimberly Clark by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,183,043 shares of the company’s stock worth $590,557,000 after purchasing an additional 47,837 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Kimberly Clark by 11,155.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,310,008 shares of the company’s stock worth $38,000 after purchasing an additional 4,271,714 shares in the last quarter. Finally, Federated Investors Inc. PA grew its stake in Kimberly Clark by 13.5% during the 1st quarter. Federated Investors Inc. PA now owns 4,146,294 shares of the company’s stock worth $513,726,000 after purchasing an additional 492,289 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.
In other news, insider Kimberly K. Underhill sold 23,785 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $131.05, for a total value of $3,117,024.25. Following the completion of the sale, the insider now directly owns 51,307 shares of the company’s stock, valued at approximately $6,723,782.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sandra Macquillan sold 5,385 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $126.15, for a total value of $679,317.75. Following the completion of the sale, the senior vice president now directly owns 15,814 shares of the company’s stock, valued at $1,994,936.10. The disclosure for this sale can be found here. Insiders sold a total of 446,313 shares of company stock valued at $56,436,155 over the last three months. Company insiders own 0.85% of the company’s stock.
NYSE KMB traded up $1.38 during trading on Wednesday, reaching $135.99. 42,024 shares of the company’s stock were exchanged, compared to its average volume of 1,773,928. Kimberly Clark Corp has a 1 year low of $99.36 and a 1 year high of $135.78. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.73 and a quick ratio of 0.47. The company has a market capitalization of $46.81 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 3.93 and a beta of 0.57.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, April 22nd. The company reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.12. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same period in the previous year, the business earned $1.71 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that Kimberly Clark Corp will post 6.66 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, June 6th. Kimberly Clark’s payout ratio is currently 62.33%.
Several research analysts recently commented on the company. Morgan Stanley boosted their target price on Kimberly Clark from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Wells Fargo & Co lifted their price target on Kimberly Clark from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Citigroup lifted their price target on Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a report on Tuesday, April 23rd. Exane BNP Paribas started coverage on Kimberly Clark in a report on Tuesday, February 12th. They set an “outperform” rating and a $130.00 price target for the company. Finally, Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Tuesday, April 23rd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $120.24.
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Kimberly Clark Company 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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