Granite Springs Asset Management LLC acquired a new stake in Kimberly Clark Corp (NYSE:KMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,675 shares of the company’s stock, valued at approximately $202,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors raised its stake in Kimberly Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after acquiring an additional 3,191,549 shares during the period. Andra AP fonden increased its position in Kimberly Clark by 15.0% during the 3rd quarter. Andra AP fonden now owns 120,700 shares of the company’s stock worth $14,204,000 after buying an additional 15,700 shares during the period. Synovus Financial Corp increased its position in Kimberly Clark by 4.3% during the 4th quarter. Synovus Financial Corp now owns 116,561 shares of the company’s stock worth $14,044,000 after buying an additional 4,848 shares during the period. Alps Advisors Inc. increased its position in Kimberly Clark by 5.4% during the 3rd quarter. Alps Advisors Inc. now owns 384,600 shares of the company’s stock worth $45,260,000 after buying an additional 19,587 shares during the period. Finally, Accident Compensation Corp increased its position in Kimberly Clark by 42.6% during the 3rd quarter. Accident Compensation Corp now owns 18,254 shares of the company’s stock worth $2,148,000 after buying an additional 5,454 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.
KMB has been the topic of several recent research reports. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research report on Wednesday, January 10th. Barclays set a $119.00 price objective on Kimberly Clark and gave the stock a “hold” rating in a research report on Thursday, March 15th. Deutsche Bank initiated coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price objective on the stock. Finally, Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a research report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $124.56.
Shares of NYSE KMB traded down $3.04 during mid-day trading on Monday, reaching $107.09. The company had a trading volume of 1,986,210 shares, compared to its average volume of 2,477,742. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89. Kimberly Clark Corp has a one year low of $104.58 and a one year high of $134.29. The stock has a market capitalization of $38,623.29, a P/E ratio of 17.19, a PEG ratio of 1.99 and a beta of 0.66.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter last year, the business earned $1.45 earnings per share. Kimberly Clark’s revenue was up .8% on a year-over-year basis. equities research analysts forecast that Kimberly Clark Corp will post 7 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be given 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 dividend yield of 3.74%. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
In related news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the sale, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company’s stock.
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Kimberly Clark Company Profile
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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