Northwestern Mutual Wealth Management Co. raised its position in shares of Kimberly Clark Corp (NYSE:KMB) by 7.5% during the first quarter, HoldingsChannel.com reports. The fund owned 33,190 shares of the company’s stock after buying an additional 2,322 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Kimberly Clark were worth $4,244,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of KMB. Norges Bank bought a new stake in Kimberly Clark during the fourth quarter valued at $526,300,000. Acadian Asset Management LLC bought a new stake in Kimberly Clark during the fourth quarter valued at $68,194,000. FIL Ltd boosted its position in Kimberly Clark by 34.9% during the fourth quarter. FIL Ltd now owns 1,717,864 shares of the company’s stock valued at $236,292,000 after acquiring an additional 444,767 shares during the last quarter. Cullen Capital Management LLC boosted its position in shares of Kimberly Clark by 96.9% during the 1st quarter. Cullen Capital Management LLC now owns 815,567 shares of the company’s stock worth $104,287,000 after purchasing an additional 401,292 shares in the last quarter. Finally, Eaton Vance Management boosted its position in shares of Kimberly Clark by 293.8% during the 4th quarter. Eaton Vance Management now owns 513,652 shares of the company’s stock worth $70,653,000 after purchasing an additional 383,215 shares in the last quarter. 72.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE KMB opened at $139.74 on Friday. Kimberly Clark Corp has a fifty-two week low of $110.66 and a fifty-two week high of $149.23. The stock has a market cap of $46.81 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 3.59 and a beta of 0.49. The company has a debt-to-equity ratio of 156.74, a quick ratio of 0.63 and a current ratio of 0.87. The firm’s 50-day simple moving average is $136.74 and its 200 day simple moving average is $136.98.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $2.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.15. Kimberly Clark had a net margin of 12.55% and a return on equity of 2,686.77%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter last year, the firm earned $1.66 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts predict that Kimberly Clark Corp will post 7.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.07 dividend. The ex-dividend date is Thursday, June 4th. This represents a $4.28 annualized dividend and a yield of 3.06%. Kimberly Clark’s dividend payout ratio (DPR) is 62.12%.
KMB has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Kimberly Clark from $133.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Goldman Sachs Group raised shares of Kimberly Clark to a “hold” rating in a research report on Monday, March 30th. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada reissued a “hold” rating and set a $149.00 price objective on shares of Kimberly Clark in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group increased their price objective on shares of Kimberly Clark from $149.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Kimberly Clark has an average rating of “Hold” and a consensus target price of $146.70.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 24,469 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 57,527 shares in the company, valued at approximately $8,068,161.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kimberly K. Underhill sold 4,679 shares of the stock in a transaction dated Tuesday, May 12th. The shares were 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 of the company’s stock, valued at approximately $5,927,377. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,536 shares of company stock valued at $5,969,866. Company 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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