ETRADE Capital Management LLC raised its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 29.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 24,786 shares of the company’s stock after buying an additional 5,679 shares during the period. ETRADE Capital Management LLC’s holdings in Kimberly-Clark Corporation were worth $3,127,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. BlackRock Institutional Trust Company N.A. boosted its stake in Kimberly-Clark Corporation by 1.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,464,788 shares of the company’s stock valued at $1,320,028,000 after buying an additional 191,972 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Kimberly-Clark Corporation by 2.9% in the third quarter. BlackRock Fund Advisors now owns 8,062,838 shares of the company’s stock valued at $1,017,046,000 after buying an additional 224,479 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Kimberly-Clark Corporation by 5.9% in the third quarter. Bank of New York Mellon Corp now owns 4,127,634 shares of the company’s stock valued at $520,661,000 after buying an additional 230,574 shares in the last quarter. BlackRock Group LTD boosted its stake in Kimberly-Clark Corporation by 1.4% in the third quarter. BlackRock Group LTD now owns 3,214,716 shares of the company’s stock valued at $405,505,000 after buying an additional 43,447 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Kimberly-Clark Corporation by 14.1% in the third quarter. Morgan Stanley now owns 3,079,165 shares of the company’s stock valued at $388,407,000 after buying an additional 381,414 shares in the last quarter. 68.65% of the stock is currently owned by hedge funds and other institutional investors.
Kimberly-Clark Corporation (NYSE:KMB) opened at 123.43 on Tuesday. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $138.87. The firm has a market cap of $43.97 billion, a P/E ratio of 20.61 and a beta of 0.65. The stock’s 50 day moving average is $118.32 and its 200 day moving average is $120.28.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, January 24th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.03. Kimberly-Clark Corporation had a return on equity of 614.22% and a net margin of 11.90%. The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts expect that Kimberly-Clark Corporation will post $6.30 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 10th will be paid a $0.97 dividend. This is a positive change from Kimberly-Clark Corporation’s previous quarterly dividend of $0.92. The ex-dividend date is Wednesday, March 8th. This represents a $3.88 annualized dividend and a yield of 3.14%. Kimberly-Clark Corporation’s dividend payout ratio is presently 61.54%.
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Several equities research analysts have issued reports on the stock. TheStreet cut shares of Kimberly-Clark Corporation from a “b” rating to a “c+” rating in a research note on Tuesday, January 24th. Zacks Investment Research raised shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Friday, January 27th. Barclays PLC reaffirmed a “hold” rating and set a $111.00 price target on shares of Kimberly-Clark Corporation in a research note on Thursday, January 26th. Citigroup Inc. raised their target price on shares of Kimberly-Clark Corporation to $126.00 in a research report on Wednesday, January 25th. Finally, B. Riley reissued a “neutral” rating and issued a $128.00 target price on shares of Kimberly-Clark Corporation in a research report on Wednesday, January 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $127.50.
In other news, insider Kimberly K. Underhill sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $120.95, for a total transaction of $483,800.00. Following the sale, the insider now owns 17,912 shares of the company’s stock, valued at $2,166,456.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the sale, the senior vice president now directly owns 30,091 shares in the company, valued at approximately $3,410,513.94. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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