USS Investment Management Ltd grew its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 20.0% in the 3rd quarter, Holdings Channel reports. The firm owned 56,400 shares of the company’s stock after acquiring an additional 9,400 shares during the quarter. USS Investment Management Ltd’s holdings in Kimberly Clark were worth $6,635,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in KMB. Capital Research Global Investors raised its position in Kimberly Clark by 46.6% during 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 buying an additional 3,191,549 shares during the period. Janus Henderson Group PLC raised its position in Kimberly Clark by 5,178.3% during the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after buying an additional 2,429,085 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Kimberly Clark by 305.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after purchasing an additional 1,514,722 shares during the last quarter. APG Asset Management N.V. increased its position in Kimberly Clark by 35.9% in the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after purchasing an additional 723,800 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Kimberly Clark by 83.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock worth $183,043,000 after purchasing an additional 645,881 shares during the last quarter. 71.47% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on KMB. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Societe Generale raised Kimberly Clark from a “hold” rating to a “buy” rating and upped their target price for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Deutsche Bank began coverage on Kimberly Clark in a research report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Finally, Macquarie began coverage on Kimberly Clark in a research report on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price on the stock. 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’s stock. The stock has an average rating of “Hold” and a consensus target price of $126.00.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 EPS. analysts expect that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 annualized dividend and a yield of 3.25%. Kimberly Clark’s payout ratio is 64.03%.
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About Kimberly Clark
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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