Granite Springs Asset Management LLC Acquires Shares of 1,675 Kimberly Clark Corp (KMB)

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.

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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.

Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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