AMP Capital Investors Ltd Sells 29,609 Shares of Kimberly Clark Corp (KMB)

AMP Capital Investors Ltd reduced its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 11.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,439 shares of the company’s stock after selling 29,609 shares during the period. AMP Capital Investors Ltd’s holdings in Kimberly Clark were worth $27,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KMB. Capital Research Global Investors grew its position in Kimberly Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after acquiring an additional 3,191,549 shares during the last quarter. Janus Henderson Group PLC grew its position in Kimberly Clark by 5,178.3% during the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after acquiring an additional 2,429,085 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Kimberly Clark by 305.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock valued at $259,496,000 after acquiring an additional 1,514,722 shares during the last quarter. Stifel Financial Corp grew its position in Kimberly Clark by 29,110.9% during the third quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock valued at $91,647,000 after acquiring an additional 775,805 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in Kimberly Clark by 35.9% during the third quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock valued at $322,672,000 after acquiring an additional 723,800 shares during the last quarter. Institutional investors and hedge funds own 71.47% of the company’s stock.

Several brokerages have recently issued reports on KMB. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a report on Wednesday. Barclays restated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and raised their target price for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Deutsche Bank began coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Finally, Macquarie began coverage on shares of Kimberly Clark in a report on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $126.50.

Shares of Kimberly Clark Corp (KMB) opened at $112.98 on Friday. Kimberly Clark Corp has a 52 week low of $109.67 and a 52 week high of $136.21. The company has a market capitalization of $39,740.00, a price-to-earnings ratio of 18.64, a P/E/G ratio of 2.93 and a beta of 0.75. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the firm posted $1.52 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. analysts expect that Kimberly Clark Corp will post 6.21 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Thursday, December 7th. Kimberly Clark’s payout ratio is 64.03%.

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Kimberly Clark Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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

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