Mirae Asset Global Investments Co. Ltd. Has $27.51 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 68.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 211,531 shares of the company’s stock after acquiring an additional 86,198 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Kimberly-Clark worth $27,507,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Rise Advisors LLC grew its holdings in Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the last quarter. Accordant Advisory Group Inc bought a new stake in shares of Kimberly-Clark during the 1st quarter worth $27,000. Cranbrook Wealth Management LLC grew its stake in Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in Kimberly-Clark in the 4th quarter worth $35,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Kimberly-Clark during the 4th quarter worth $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the topic of several research analyst reports. HSBC raised their price target on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Barclays upped their price target on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. The Goldman Sachs Group boosted their target price on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price target for the company from $115.00 to $160.00 in a report on Thursday, June 13th. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $141.64.

Check Out Our Latest Research Report on KMB

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $138.29 on Friday. The business has a 50 day simple moving average of $136.15 and a 200 day simple moving average of $128.12. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $142.20. The company has a market capitalization of $46.56 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 3.12 and a beta of 0.37. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMBGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business’s revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $1.67 earnings per share. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.53%. Kimberly-Clark’s dividend payout ratio is 89.71%.

Insider Transactions at Kimberly-Clark

In related news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katy Chen sold 454 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the sale, the insider now owns 520 shares of the company’s stock, valued at approximately $70,324.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,395 shares of company stock valued at $3,332,776. Corporate insiders own 0.62% of the company’s stock.

About Kimberly-Clark

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

See Also

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

Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.