Bbva Compass Bancshares Inc. reduced its stake in Kimberly Clark Corp (NYSE:KMB) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,439 shares of the company’s stock after selling 3,254 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Kimberly Clark were worth $3,913,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. American International Group Inc. grew its stake in shares of Kimberly Clark by 2,507.7% in the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock valued at $530,650,000 after acquiring an additional 4,229,240 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Kimberly Clark by 46.6% in the second 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 in the last quarter. Janus Henderson Group PLC grew its stake in shares of Kimberly Clark by 5,178.3% in the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after acquiring an additional 2,429,085 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Kimberly Clark by 305.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock valued at $259,496,000 after acquiring an additional 1,514,722 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Kimberly Clark by 4.9% in the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock valued at $3,112,464,000 after acquiring an additional 1,212,672 shares in the last quarter. Hedge funds and other institutional investors own 72.97% of the company’s stock.
In related news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. Kimberly Clark’s revenue was up .8% compared to the same quarter last year. analysts expect that Kimberly Clark Corp will post 6.98 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be given a dividend of $1.00 per share. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 8th. This represents a $4.00 annualized dividend and a yield of 3.49%. Kimberly Clark’s dividend payout ratio is currently 62.68%.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research note on Wednesday, January 10th. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and upped their price target for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Citigroup set a $112.00 price target on shares of Kimberly Clark and gave the company a “sell” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank assumed coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. Kimberly Clark has an average rating of “Hold” and a consensus target price of $125.87.
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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