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.

Get Kimberly Clark alerts:

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.

TRADEMARK VIOLATION WARNING: “Kimberly Clark Corp (KMB) Shares Bought by National Asset Management Inc.” was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.tickerreport.com/banking-finance/4188620/kimberly-clark-corp-kmb-shares-bought-by-national-asset-management-inc.html.

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.

Read More: Investing in Dividend Stocks

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).