Xact Kapitalforvaltning AB raised its position in Kimberly Clark Corp (NYSE:KMB) by 7.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 54,651 shares of the company’s stock after purchasing an additional 3,830 shares during the period. Xact Kapitalforvaltning AB’s holdings in Kimberly Clark were worth $6,594,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CNB Bank acquired a new stake in shares of Kimberly Clark in the fourth quarter valued at about $105,000. San Francisco Sentry Investment Group CA grew its position in shares of Kimberly Clark by 2,385.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after purchasing an additional 954 shares during the period. Truewealth LLC acquired a new stake in shares of Kimberly Clark in the fourth quarter valued at about $123,000. Shamrock Asset Management LLC grew its position in shares of Kimberly Clark by 220.5% in the fourth quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock valued at $134,000 after purchasing an additional 763 shares during the period. Finally, MPS Loria Financial Planners LLC acquired a new stake in shares of Kimberly Clark in the second quarter valued at about $150,000. 74.48% of the stock is owned by institutional investors.
KMB has been the topic of several research analyst reports. Deutsche Bank initiated coverage on shares of Kimberly Clark in a research report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Citigroup lowered shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research report on Monday, December 11th. Zacks Investment Research lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Barclays set a $119.00 target price on shares of Kimberly Clark and gave the company a “hold” rating in a research report on Thursday, March 15th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and an average target price of $125.44.
KMB stock opened at $104.74 on Friday. The firm has a market cap of $37,693.91, a PE ratio of 16.34, a P/E/G ratio of 1.94 and a beta of 0.69. Kimberly Clark Corp has a 52-week low of $104.58 and a 52-week high of $134.29. 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 (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. Kimberly Clark’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 earnings per share. analysts anticipate that Kimberly Clark Corp will post 7 EPS for the current fiscal year.
The firm 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 dividend of $1.00 per share. The ex-dividend date is Thursday, March 8th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a yield of 3.82%. Kimberly Clark’s payout ratio is presently 62.40%.
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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