Nomura Asset Management Co. Ltd. increased its position in Kimberly Clark Corp (NYSE:KMB) by 9.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,845 shares of the company’s stock after purchasing an additional 14,168 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Kimberly Clark were worth $21,718,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in KMB. Norges Bank bought a new position in Kimberly Clark during the 4th quarter valued at $526,300,000. Acadian Asset Management LLC acquired a new stake in shares of Kimberly Clark in the 4th quarter worth about $68,194,000. FIL Ltd increased its stake in Kimberly Clark by 34.9% during the 4th quarter. FIL Ltd now owns 1,717,864 shares of the company’s stock valued at $236,292,000 after buying an additional 444,767 shares during the period. Cullen Capital Management LLC increased its stake in Kimberly Clark by 96.9% during the 1st quarter. Cullen Capital Management LLC now owns 815,567 shares of the company’s stock valued at $104,287,000 after buying an additional 401,292 shares during the period. Finally, Eaton Vance Management increased its stake in Kimberly Clark by 293.8% during the 4th quarter. Eaton Vance Management now owns 513,652 shares of the company’s stock valued at $70,653,000 after buying an additional 383,215 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.
Several research firms have recently weighed in on KMB. Barclays restated a “buy” rating and set a $143.00 price objective on shares of Kimberly Clark in a research report on Tuesday, April 7th. Goldman Sachs Group upgraded shares of Kimberly Clark to a “hold” rating in a report on Monday, March 30th. Jefferies Financial Group raised their price target on shares of Kimberly Clark from $149.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Royal Bank of Canada restated a “hold” rating and set a $149.00 price target on shares of Kimberly Clark in a report on Wednesday, April 22nd. Finally, Deutsche Bank raised their price target on shares of Kimberly Clark from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $146.70.
KMB traded up $0.46 during midday trading on Thursday, hitting $138.97. 946,917 shares of the company’s stock traded hands, compared to its average volume of 2,070,029. The company has a market cap of $47.54 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 3.64 and a beta of 0.49. The stock’s fifty day simple moving average is $139.00 and its 200-day simple moving average is $137.75. The company has a debt-to-equity ratio of 156.74, a current ratio of 0.87 and a quick ratio of 0.63. Kimberly Clark Corp has a one year low of $110.66 and a one year high of $149.23.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.15. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $4.84 billion. Kimberly Clark had a net margin of 12.55% and a return on equity of 2,686.77%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.66 earnings per share. On average, research analysts expect that Kimberly Clark Corp will post 7.57 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, June 4th. Kimberly Clark’s dividend payout ratio is 62.12%.
In other news, insider Kimberly K. Underhill sold 24,469 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $140.25, for a total value of $3,431,777.25. Following the sale, the insider now owns 57,527 shares in the company, valued at $8,068,161.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kimberly K. Underhill sold 4,679 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $139.00, for a total transaction of $650,381.00. Following the completion of the sale, the insider now owns 42,643 shares in the company, valued at approximately $5,927,377. The disclosure for this sale can be found here. In the last three months, insiders sold 42,536 shares of company stock worth $5,969,866. Insiders own 0.72% of the company’s stock.
Kimberly Clark 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.
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