AMP Capital Investors Ltd increased its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 21.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,131 shares of the company’s stock after buying an additional 43,536 shares during the period. AMP Capital Investors Ltd’s holdings in Kimberly-Clark Corporation were worth $31,198,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of KMB. Zacks Investment Management raised its stake in Kimberly-Clark Corporation by 8.9% in the third quarter. Zacks Investment Management now owns 281,477 shares of the company’s stock valued at $35,505,000 after buying an additional 23,033 shares during the last quarter. Hartford Investment Management Co. raised its stake in Kimberly-Clark Corporation by 3.8% in the third quarter. Hartford Investment Management Co. now owns 97,962 shares of the company’s stock valued at $12,357,000 after buying an additional 3,593 shares during the last quarter. Crawford Investment Counsel Inc. raised its stake in Kimberly-Clark Corporation by 0.9% in the third quarter. Crawford Investment Counsel Inc. now owns 20,359 shares of the company’s stock valued at $2,568,000 after buying an additional 175 shares during the last quarter. KCG Holdings Inc. raised its stake in Kimberly-Clark Corporation by 1,484.0% in the third quarter. KCG Holdings Inc. now owns 33,328 shares of the company’s stock valued at $4,204,000 after buying an additional 31,224 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Kimberly-Clark Corporation by 1.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 79,100 shares of the company’s stock valued at $9,978,000 after buying an additional 1,070 shares during the last quarter. 69.16% of the stock is owned by institutional investors and hedge funds.
Kimberly-Clark Corporation (NYSE:KMB) opened at 123.55 on Friday. The stock has a market capitalization of $44.06 billion, a P/E ratio of 20.63 and a beta of 0.65. The stock has a 50 day moving average price of $118.06 and a 200-day moving average price of $120.49. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $138.87.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 24th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.03. The company earned $4.50 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 614.22% and a net margin of 11.90%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 earnings per share. Analysts anticipate that Kimberly-Clark Corporation will post $6.30 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Friday, March 10th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.14%. This is a positive change from Kimberly-Clark Corporation’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Wednesday, March 8th. Kimberly-Clark Corporation’s dividend payout ratio is presently 61.54%.
A number of brokerages recently issued reports on KMB. B. Riley reissued a “neutral” rating and set a $128.00 price target on shares of Kimberly-Clark Corporation in a research note on Monday, January 30th. TheStreet lowered Kimberly-Clark Corporation from a “b” rating to a “c+” rating in a research note on Tuesday, January 24th. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Friday, January 27th. Barclays PLC reissued a “hold” rating and set a $111.00 price target on shares of Kimberly-Clark Corporation in a research note on Thursday, January 26th. Finally, Citigroup Inc. raised their price target on Kimberly-Clark Corporation to $126.00 in a research note on Wednesday, January 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Kimberly-Clark Corporation presently has a consensus rating of “Hold” and an average target price of $127.50.
In other Kimberly-Clark Corporation news, insider Kimberly K. Underhill sold 4,000 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $120.95, for a total transaction of $483,800.00. Following the transaction, the insider now directly owns 17,912 shares in the company, valued at $2,166,456.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 30,091 shares in the company, valued at $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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