MetLife Investment Advisors LLC purchased a new stake in Kimberly Clark Corp (NYSE:KMB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 108,837 shares of the company’s stock, valued at approximately $13,132,000.
Several other hedge funds and other institutional investors have also bought and sold shares of KMB. BB&T Securities LLC lifted its position in Kimberly Clark by 0.3% in the 4th quarter. BB&T Securities LLC now owns 212,894 shares of the company’s stock valued at $25,687,000 after purchasing an additional 671 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Kimberly Clark by 122.8% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 20,340 shares of the company’s stock valued at $2,455,000 after purchasing an additional 11,210 shares during the last quarter. HBK Sorce Advisory LLC lifted its position in Kimberly Clark by 20.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 8,244 shares of the company’s stock valued at $995,000 after purchasing an additional 1,383 shares during the last quarter. Maple Capital Management Inc. lifted its position in Kimberly Clark by 9.3% in the 4th quarter. Maple Capital Management Inc. now owns 12,371 shares of the company’s stock valued at $1,493,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Element Capital Management LLC bought a new stake in Kimberly Clark in the 4th quarter valued at about $29,965,000. 74.48% of the stock is owned by institutional investors and hedge funds.
KMB has been the topic of several recent research reports. Deutsche Bank initiated coverage on shares of Kimberly Clark in a research report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective on the stock. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a research report on Monday, December 11th. Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Barclays set a $119.00 price objective on shares of Kimberly Clark and gave the company a “hold” rating in a research report on Thursday, March 15th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $125.44.
Shares of Kimberly Clark Corp (NYSE:KMB) opened at $111.09 on Tuesday. Kimberly Clark Corp has a 52-week low of $109.51 and a 52-week high of $134.34. The company has a market cap of $39,286.12, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.02 and a beta of 0.69. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the previous year, the firm earned $1.45 EPS. Kimberly Clark’s revenue was up .8% on a year-over-year basis. sell-side analysts anticipate that Kimberly Clark Corp will post 7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.60%. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 8th. Kimberly Clark’s payout ratio is 62.40%.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the sale, the insider now directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.
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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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