Mirae Asset Global Investments Co. Ltd. Boosts Stake in Kimberly-Clark Co. (NYSE:KMB)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,092 shares of the company’s stock after purchasing an additional 6,528 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kimberly-Clark were worth $7,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KMB. Cowa LLC purchased a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $54,000. Capital Research Global Investors raised its position in Kimberly-Clark by 56.7% during the fourth quarter. Capital Research Global Investors now owns 11,172,139 shares of the company’s stock worth $1,596,722,000 after acquiring an additional 4,043,708 shares during the period. Norges Bank purchased a new position in Kimberly-Clark during the fourth quarter valued at $473,552,000. BlackRock Inc. grew its position in shares of Kimberly-Clark by 5.7% in the first quarter. BlackRock Inc. now owns 27,386,495 shares of the company’s stock valued at $3,372,921,000 after purchasing an additional 1,481,780 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Kimberly-Clark by 54.3% during the 1st quarter. American Century Companies Inc. now owns 2,910,183 shares of the company’s stock worth $358,418,000 after purchasing an additional 1,023,684 shares during the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $120.73 on Thursday. The firm has a 50 day simple moving average of $130.84 and a 200-day simple moving average of $130.19. The stock has a market cap of $40.76 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 4.24 and a beta of 0.31. The company has a debt-to-equity ratio of 10.37, a current ratio of 0.79 and a quick ratio of 0.47. Kimberly-Clark Co. has a 1-year low of $117.32 and a 1-year high of $145.79.

Kimberly-Clark (NYSE:KMBGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the business earned $1.47 EPS. Kimberly-Clark’s revenue was up 7.2% compared to the same quarter last year. On average, analysts expect that Kimberly-Clark Co. will post 5.64 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark’s dividend payout ratio is presently 87.71%.

Analysts Set New Price Targets

Several research firms have commented on KMB. UBS Group boosted their price objective on Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Finally, Bank of America started coverage on shares of Kimberly-Clark in a report on Wednesday, September 14th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $131.15.

Kimberly-Clark 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.

See Also

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

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