Welch Group LLC raised its position in shares of Kimberly Clark Corp (NYSE:KMB) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 220,943 shares of the company’s stock after buying an additional 6,628 shares during the period. Kimberly Clark comprises about 3.0% of Welch Group LLC’s investment portfolio, making the stock its 18th biggest holding. Welch Group LLC owned approximately 0.06% of Kimberly Clark worth $27,375,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in shares of Kimberly Clark by 10.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,844,101 shares of the company’s stock worth $550,483,000 after purchasing an additional 477,773 shares during the period. BlueMountain Capital Management LLC purchased a new stake in shares of Kimberly Clark in the 3rd quarter worth about $988,000. Verition Fund Management LLC lifted its position in shares of Kimberly Clark by 40.0% in the 3rd quarter. Verition Fund Management LLC now owns 5,321 shares of the company’s stock worth $605,000 after purchasing an additional 1,520 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Kimberly Clark by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 312,809 shares of the company’s stock worth $35,547,000 after purchasing an additional 2,899 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of Kimberly Clark by 26.3% in the 3rd quarter. Mackenzie Financial Corp now owns 5,179 shares of the company’s stock worth $589,000 after purchasing an additional 1,078 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research report on Monday. Wells Fargo & Co reaffirmed a “hold” rating and issued a $115.00 target price (up from $105.00) on shares of Kimberly Clark in a research report on Tuesday. Morgan Stanley increased their price target 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, February 12th. BNP Paribas started coverage on shares of Kimberly Clark in a research note on Monday, February 11th. They issued an “outperform” rating and a $130.00 price target for the company. Finally, Exane BNP Paribas started coverage on shares of Kimberly Clark in a research note on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $114.88.
Shares of Kimberly Clark stock opened at $123.00 on Tuesday. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.77 and a quick ratio of 0.49. The stock has a market capitalization of $42.33 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 3.40 and a beta of 0.60. Kimberly Clark Corp has a 1 year low of $97.10 and a 1 year high of $124.50.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Wednesday, January 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.08). The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 earnings per share. Equities research analysts expect that Kimberly Clark Corp will post 6.6 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were paid a dividend of $1.03 per share. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Thursday, March 7th. Kimberly Clark’s dividend payout ratio (DPR) is currently 62.33%.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,122 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through this link. 0.85% of the stock is currently owned by company insiders.
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About Kimberly Clark
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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