Friday, March 1, 2019

Kimberly Clark Corp (KMB) Shares Bought by National Asset Management Inc.

National Asset Management Inc. increased its position in Kimberly Clark Corp (NYSE:KMB) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,605 shares of the company’s stock after buying an additional 649 shares during the quarter. National Asset Management Inc.’s holdings in Kimberly Clark were worth $526,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Investment Partners LTD. purchased a new stake in shares of Kimberly Clark during the fourth quarter valued at $240,000. Usca Ria LLC lifted its holdings in shares of Kimberly Clark by 45.4% during the third quarter. Usca Ria LLC now owns 44,844 shares of the company’s stock valued at $5,096,000 after purchasing an additional 14,006 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Kimberly Clark by 14.7% during the third quarter. Brown Brothers Harriman & Co. now owns 33,718 shares of the company’s stock valued at $3,832,000 after purchasing an additional 4,318 shares during the last quarter. FMR LLC lifted its holdings in shares of Kimberly Clark by 20.1% during the third quarter. FMR LLC now owns 3,826,865 shares of the company’s stock valued at $434,885,000 after purchasing an additional 640,719 shares during the last quarter. Finally, Palo Capital Inc. purchased a new stake in shares of Kimberly Clark during the third quarter valued at $869,000. Institutional investors and hedge funds own 73.39% of the company’s stock.

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KMB has been the subject of several analyst reports. Morgan Stanley upped their target price on Kimberly Clark from $113.00 to $124.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. BNP Paribas initiated coverage on Kimberly Clark in a report on Monday, February 11th. They set an “outperform” rating and a $130.00 target price for the company. Barclays reaffirmed a “hold” rating and set a $109.00 target price on shares of Kimberly Clark in a report on Friday, January 25th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $105.00 target price on shares of Kimberly Clark in a report on Wednesday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $113.19.

Shares of Kimberly Clark stock opened at $116.83 on Friday. The stock has a market capitalization of $40.19 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 3.29 and a beta of 0.57. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.77 and a quick ratio of 0.49. Kimberly Clark Corp has a 1 year low of $97.10 and a 1 year high of $120.48.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Wednesday, January 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.08). The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. On average, research analysts forecast that Kimberly Clark Corp will post 6.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be paid a $1.03 dividend. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.53%. The ex-dividend date is Thursday, March 7th. Kimberly Clark’s dividend payout ratio is currently 60.51%.

In related news, insider Anthony J. Palmer sold 6,122 shares of the stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $115.11, for a total value of $704,703.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is currently owned by corporate insiders.

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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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