Bridges Investment Management Inc. lessened its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,720 shares of the company’s stock after selling 121 shares during the period. Bridges Investment Management Inc.’s holdings in Kimberly Clark were worth $1,750,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Ilmarinen Mutual Pension Insurance Co acquired a new position in Kimberly Clark in the third quarter worth approximately $4,929,000. Redpoint Investment Management Pty Ltd increased its holdings in Kimberly Clark by 0.8% in the third quarter. Redpoint Investment Management Pty Ltd now owns 27,405 shares of the company’s stock worth $3,893,000 after buying an additional 205 shares during the last quarter. State Street Corp increased its holdings in Kimberly Clark by 0.4% in the third quarter. State Street Corp now owns 18,583,584 shares of the company’s stock worth $2,658,616,000 after buying an additional 81,870 shares during the last quarter. Cypress Capital LLC grew its holdings in Kimberly Clark by 5.6% during the third quarter. Cypress Capital LLC now owns 5,967 shares of the company’s stock valued at $848,000 after purchasing an additional 319 shares during the last quarter. Finally, Headinvest LLC acquired a new position in Kimberly Clark in the 3rd quarter valued at $286,000. Institutional investors own 73.98% of the company’s stock.
KMB has been the subject of a number of research analyst reports. Morgan Stanley cut their price target on Kimberly Clark from $145.00 to $131.00 and set an “equal weight” rating for the company in a report on Monday. Deutsche Bank raised their price objective on Kimberly Clark from $126.00 to $132.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Citigroup raised their price objective on Kimberly Clark from $123.00 to $135.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $149.00 price target on shares of Kimberly Clark in a research note on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $143.64.
Shares of NYSE:KMB opened at $116.36 on Thursday. The firm’s 50 day simple moving average is $138.14 and its 200 day simple moving average is $137.24. Kimberly Clark Corp has a fifty-two week low of $110.66 and a fifty-two week high of $149.23. The company has a market capitalization of $40.08 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 3.17 and a beta of 0.54. The company has a debt-to-equity ratio of 32.03, a current ratio of 0.73 and a quick ratio of 0.47.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Thursday, January 23rd. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.70 by $0.01. Kimberly Clark had a net margin of 11.69% and a return on equity of 3,809.60%. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the company posted $1.60 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Equities research analysts expect that Kimberly Clark Corp will post 7.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a dividend of $1.07 per share. This is a boost from Kimberly Clark’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Thursday, March 5th. Kimberly Clark’s dividend payout ratio (DPR) is currently 62.12%.
In other Kimberly Clark news, SVP J. Scott Boston sold 24,802 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $144.05, for a total value of $3,572,728.10. Following the sale, the senior vice president now owns 20,933 shares in the company, valued at $3,015,398.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tristram Wilkinson sold 469 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $144.64, for a total value of $67,836.16. Following the completion of the sale, the insider now owns 6,079 shares in the company, valued at approximately $879,266.56. The disclosure for this sale can be found here. Insiders have sold a total of 28,941 shares of company stock valued at $4,173,815 over the last ninety days. Company insiders own 0.72% of the company’s stock.
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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