DekaBank Deutsche Girozentrale trimmed its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 582,601 shares of the company’s stock after selling 18,000 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.17% of Kimberly-Clark worth $82,084,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Kimberly-Clark by 46.2% during the third quarter. Wellington Management Group LLP now owns 7,482,870 shares of the company’s stock valued at $991,030,000 after acquiring an additional 2,363,092 shares during the last quarter. Capital Research Global Investors grew its position in Kimberly-Clark by 602.4% during the third quarter. Capital Research Global Investors now owns 7,128,431 shares of the company’s stock valued at $944,089,000 after acquiring an additional 6,113,540 shares during the last quarter. Geode Capital Management LLC grew its position in Kimberly-Clark by 0.7% during the third quarter. Geode Capital Management LLC now owns 5,483,882 shares of the company’s stock valued at $724,406,000 after acquiring an additional 38,402 shares during the last quarter. Morgan Stanley grew its position in Kimberly-Clark by 23.4% during the second quarter. Morgan Stanley now owns 3,816,069 shares of the company’s stock valued at $510,514,000 after acquiring an additional 723,357 shares during the last quarter. Finally, Invesco Ltd. grew its position in Kimberly-Clark by 59.1% during the third quarter. Invesco Ltd. now owns 3,515,560 shares of the company’s stock valued at $465,601,000 after acquiring an additional 1,306,444 shares during the last quarter. 72.17% of the stock is currently owned by hedge funds and other institutional investors.
KMB has been the topic of several recent analyst reports. Sanford C. Bernstein cut shares of Kimberly-Clark from a “market perform” rating to an “underperform” rating and set a $126.00 target price on the stock. in a report on Wednesday, February 2nd. Royal Bank of Canada cut their target price on shares of Kimberly-Clark from $133.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, January 27th. StockNews.com began coverage on shares of Kimberly-Clark in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised Kimberly-Clark from a “sell” rating to a “hold” rating and set a $129.00 price target for the company in a research note on Tuesday, March 29th. Finally, Barclays dropped their price target on Kimberly-Clark from $127.00 to $121.00 in a research note on Friday, April 1st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $130.63.
Kimberly-Clark (NYSE:KMB – Get Rating) last posted its quarterly earnings results on Wednesday, January 26th. The company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Kimberly-Clark had a return on equity of 284.26% and a net margin of 9.33%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 EPS. Sell-side analysts predict that Kimberly-Clark Co. will post 5.89 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Friday, March 4th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.68%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend was Thursday, March 3rd. Kimberly-Clark’s dividend payout ratio is 86.57%.
In related news, Director Todd Maclin bought 2,000 shares of the business’s stock in a transaction dated Thursday, January 27th. The shares were purchased at an average price of $136.01 per share, with a total value of $272,020.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by corporate insiders.
Kimberly-Clark Company Profile (Get Rating)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
- Get a free copy of the StockNews.com research report on Kimberly-Clark (KMB)
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