Kimberly Clark Corp (KMB) Shares Sold by Bailard Inc.

Bailard Inc. lowered its stake in Kimberly Clark Corp (NYSE:KMB) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,122 shares of the company’s stock after selling 203 shares during the period. Bailard Inc.’s holdings in Kimberly Clark were worth $4,344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Kimberly Clark by 1.0% in the third quarter. Vanguard Group Inc. now owns 26,068,811 shares of the company’s stock worth $2,962,461,000 after buying an additional 264,393 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Kimberly Clark by 1.0% in the third quarter. Vanguard Group Inc now owns 26,068,811 shares of the company’s stock worth $2,962,461,000 after acquiring an additional 264,393 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Kimberly Clark by 6.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,135,206 shares of the company’s stock worth $583,564,000 after acquiring an additional 325,606 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Kimberly Clark by 10.9% in the third quarter. Bank of New York Mellon Corp now owns 4,844,101 shares of the company’s stock worth $550,483,000 after acquiring an additional 477,773 shares during the period. Finally, Morgan Stanley increased its stake in shares of Kimberly Clark by 50.8% in the third quarter. Morgan Stanley now owns 4,738,469 shares of the company’s stock worth $538,482,000 after acquiring an additional 1,595,818 shares during the period. 73.58% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. Exane BNP Paribas assumed coverage on shares of Kimberly Clark in a research note on Tuesday. They issued an “outperform” rating and a $130.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Kimberly Clark from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Tuesday. BNP Paribas assumed coverage on shares of Kimberly Clark in a research note on Monday. They issued an “outperform” rating and a $130.00 price objective on the stock. Barclays reiterated a “hold” rating and issued a $109.00 price objective on shares of Kimberly Clark in a research note on Friday, January 25th. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $105.00 price objective on shares of Kimberly Clark in a research note on Wednesday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Kimberly Clark currently has a consensus rating of “Hold” and a consensus price target of $113.19.

KMB stock opened at $116.09 on Thursday. The firm has a market cap of $39.97 billion, a P/E ratio of 17.56, a PEG ratio of 3.20 and a beta of 0.57. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a one year low of $97.10 and a one year high of $120.48.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Wednesday, January 23rd. The company reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.08). The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. Kimberly Clark had a net margin of 7.63% and a return on equity of 1,156.45%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 EPS. Research analysts predict that Kimberly Clark Corp will post 6.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. Kimberly Clark’s dividend payout ratio (DPR) is currently 60.51%.

In related news, insider Anthony J. Palmer sold 6,122 shares of the firm’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $115.11, for a total transaction of $704,703.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael T. Azbell sold 13,565 shares of the firm’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the sale, the vice president now owns 6,432 shares in the company, valued at approximately $739,680. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Kimberly Clark Corp (KMB) Shares Sold by Bailard Inc.” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.com-unik.info/2019/02/14/kimberly-clark-corp-kmb-shares-sold-by-bailard-inc.html.

Kimberly Clark Company Profile

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

See Also: Coverage Ratio

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit