Bailard Inc. cut its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,245 shares of the company’s stock after selling 1,754 shares during the quarter. Bailard Inc.’s holdings in Kimberly Clark were worth $5,218,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Martin Investment Management LLC bought a new position in shares of Kimberly Clark during the second quarter worth approximately $443,000. Capital Research Global Investors increased its stake in 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 during the last quarter. Strategy Asset Managers LLC increased its stake in Kimberly Clark by 80.0% in the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after acquiring an additional 1,390 shares during the last quarter. Andra AP fonden increased its stake in Kimberly Clark by 15.0% in the third quarter. Andra AP fonden now owns 120,700 shares of the company’s stock valued at $14,204,000 after acquiring an additional 15,700 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in Kimberly Clark by 5.4% in the third quarter. Alps Advisors Inc. now owns 384,600 shares of the company’s stock valued at $45,260,000 after acquiring an additional 19,587 shares during the last quarter. 72.97% of the stock is currently owned by institutional investors.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the sale, the insider now owns 31,141 shares in the company, valued at $3,729,757.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter last year, the business posted $1.45 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. equities research analysts expect that Kimberly Clark Corp will post 6.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $4.00 dividend on an annualized basis and a yield of 3.45%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio (DPR) is currently 60.63%.
KMB has been the topic of a number of recent analyst reports. Bank of America decreased their price objective on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Citigroup decreased their price objective on shares of Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Wells Fargo & Co decreased their price objective on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Deutsche Bank initiated coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective on the stock. Three investment 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 company has a consensus rating of “Hold” and a consensus target price of $125.87.
Kimberly Clark 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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