Old Mutual Global Investors UK Ltd. grew its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 232.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,498 shares of the company’s stock after acquiring an additional 4,541 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Kimberly Clark were worth $784,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Kimberly Clark by 2.2% during the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after purchasing an additional 537,794 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Kimberly Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Kimberly Clark by 3.3% during the second quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after purchasing an additional 181,517 shares during the last quarter. Federated Investors Inc. PA lifted its position in shares of Kimberly Clark by 1.7% during the second quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after purchasing an additional 55,108 shares during the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Kimberly Clark by 8.9% during the fourth quarter. APG Asset Management N.V. now owns 2,986,444 shares of the company’s stock worth $300,087,000 after purchasing an additional 244,500 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.
KMB has been the topic of several research analyst reports. Deutsche Bank initiated coverage on shares of Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target on the stock. Citigroup cut shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target on the stock. in a research report on Monday, December 11th. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and increased their price target for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co reduced their price target on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $126.44.
Kimberly Clark Corp (NYSE:KMB) opened at $116.10 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34. Kimberly Clark Corp has a twelve month low of $109.51 and a twelve month high of $136.21. The stock has a market cap of $40,716.96, a PE ratio of 18.64, a price-to-earnings-growth ratio of 2.10 and a beta of 0.66.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter last year, the company posted $1.45 earnings per share. Kimberly Clark’s revenue was up .8% on a year-over-year basis. equities analysts expect that Kimberly Clark Corp will post 6.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $4.00 dividend on an annualized basis and a yield of 3.45%. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio (DPR) is currently 60.53%.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.
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About Kimberly Clark
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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