Novare Capital Management LLC Increases Stake in Kimberly Clark Corp (NYSE:KMB)

Novare Capital Management LLC lifted its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,233 shares of the company’s stock after purchasing an additional 223 shares during the period. Novare Capital Management LLC’s holdings in Kimberly Clark were worth $307,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. BlackRock Inc. grew its position in Kimberly Clark by 2.0% during the 2nd quarter. BlackRock Inc. now owns 24,953,446 shares of the company’s stock worth $3,325,795,000 after acquiring an additional 481,402 shares during the last quarter. State Street Corp boosted its stake in shares of Kimberly Clark by 0.4% during the third quarter. State Street Corp now owns 18,583,584 shares of the company’s stock valued at $2,658,616,000 after purchasing an additional 81,870 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Kimberly Clark by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,411,859 shares of the company’s stock valued at $345,475,000 after purchasing an additional 69,177 shares during the period. California Public Employees Retirement System boosted its stake in shares of Kimberly Clark by 0.3% during the fourth quarter. California Public Employees Retirement System now owns 2,187,056 shares of the company’s stock valued at $300,830,000 after purchasing an additional 6,475 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of Kimberly Clark by 4.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,632,736 shares of the company’s stock worth $231,930,000 after purchasing an additional 62,738 shares during the last quarter. Institutional investors own 71.88% of the company’s stock.

Several equities research analysts have weighed in on the stock. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Monday. Deutsche Bank boosted their price objective on shares of Kimberly Clark from $126.00 to $132.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Citigroup boosted their price objective on shares of Kimberly Clark from $123.00 to $135.00 and gave the company a “sell” rating in a research report on Friday, January 24th. Morgan Stanley upped their price objective on shares of Kimberly Clark from $139.00 to $140.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $129.00 target price on shares of Kimberly Clark in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $142.64.

In other news, SVP J. Scott Boston sold 24,802 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $144.05, for a total value of $3,572,728.10. Following the completion of the transaction, the senior vice president now owns 20,933 shares in the company, valued at approximately $3,015,398.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Aaron Powell sold 3,670 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $145.30, for a total value of $533,251.00. Following the completion of the transaction, the insider now owns 5,486 shares of the company’s stock, valued at approximately $797,115.80. The disclosure for this sale can be found here. Insiders have sold a total of 28,941 shares of company stock worth $4,173,815 in the last ninety days. Insiders own 0.85% of the company’s stock.

KMB stock traded up $0.82 on Friday, reaching $145.56. The company’s stock had a trading volume of 928,583 shares, compared to its average volume of 1,506,812. The business has a fifty day simple moving average of $141.67 and a two-hundred day simple moving average of $137.77. Kimberly Clark Corp has a 12-month low of $114.62 and a 12-month high of $149.23. The firm has a market cap of $50.12 billion, a PE ratio of 23.33, a PEG ratio of 3.95 and a beta of 0.47. The company has a debt-to-equity ratio of 32.03, a quick ratio of 0.47 and a current ratio of 0.73.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Thursday, January 23rd. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.01. The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Kimberly Clark had a net margin of 11.69% and a return on equity of 3,809.60%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share. As a group, research analysts anticipate that Kimberly Clark Corp will post 7.26 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a dividend of $1.07 per share. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.03. The ex-dividend date is Thursday, March 5th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.94%. Kimberly Clark’s payout ratio is presently 59.80%.

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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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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