Cigna Investments Inc. New raised its position in Kimberly Clark Corp (NYSE:KMB) by 15.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,318 shares of the company’s stock after purchasing an additional 2,023 shares during the quarter. Cigna Investments Inc. New’s holdings in Kimberly Clark were worth $1,959,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Sompo Japan Nipponkoa Asset Management CO. LTD. increased its stake in shares of Kimberly Clark by 17.1% in the first quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 36,376 shares of the company’s stock valued at $4,651,000 after purchasing an additional 5,310 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Kimberly Clark by 8.1% during the first quarter. Sequoia Financial Advisors LLC now owns 4,127 shares of the company’s stock valued at $528,000 after acquiring an additional 311 shares during the period. MainStreet Investment Advisors LLC acquired a new position in shares of Kimberly Clark during the first quarter valued at approximately $319,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Kimberly Clark by 32.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 128,811 shares of the company’s stock valued at $16,471,000 after acquiring an additional 31,323 shares during the period. Finally, Shell Asset Management Co. increased its stake in shares of Kimberly Clark by 20.9% during the first quarter. Shell Asset Management Co. now owns 29,762 shares of the company’s stock valued at $3,806,000 after acquiring an additional 5,148 shares during the period. Institutional investors own 72.55% of the company’s stock.
A number of research analysts recently commented on KMB shares. Morgan Stanley raised their price objective on shares of Kimberly Clark from $133.00 to $146.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Barclays reiterated a “buy” rating and set a $143.00 price objective on shares of Kimberly Clark in a research note on Tuesday, April 7th. Jefferies Financial Group raised their price objective on shares of Kimberly Clark from $149.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $149.00 price target on shares of Kimberly Clark in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Kimberly Clark presently has a consensus rating of “Hold” and an average price target of $146.70.
In related news, SVP J. Scott Boston sold 13,388 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $141.00, for a total value of $1,887,708.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kimberly K. Underhill sold 24,469 shares of Kimberly Clark stock in a transaction on Monday, April 27th. The shares were sold at an average price of $140.25, for a total transaction of $3,431,777.25. Following the sale, the insider now directly owns 57,527 shares of the company’s stock, valued at approximately $8,068,161.75. The disclosure for this sale can be found here. Insiders sold a total of 42,536 shares of company stock valued at $5,969,866 in the last ninety days. Company insiders own 0.72% of the company’s stock.
Kimberly Clark stock traded up $2.28 during midday trading on Friday, reaching $139.74. The stock had a trading volume of 1,442,456 shares, compared to its average volume of 1,705,895. The firm’s fifty day simple moving average is $136.74 and its two-hundred day simple moving average is $136.98. Kimberly Clark Corp has a twelve month low of $110.66 and a twelve month high of $149.23. The company has a debt-to-equity ratio of 156.74, a current ratio of 0.87 and a quick ratio of 0.63. The firm has a market cap of $46.81 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 3.59 and a beta of 0.49.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.15. Kimberly Clark had a net margin of 12.55% and a return on equity of 2,686.77%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same quarter last year, the business posted $1.66 EPS. The company’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that Kimberly Clark Corp will post 7.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 4th. Kimberly Clark’s dividend payout ratio is 62.12%.
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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