Bay Harbor Wealth Management LLC raised its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 14.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,428 shares of the company’s stock after purchasing an additional 301 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in Kimberly Clark were worth $301,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc increased its position in Kimberly Clark by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 26,068,811 shares of the company’s stock worth $2,962,461,000 after buying an additional 264,393 shares during the period. BlackRock Inc. boosted its stake in Kimberly Clark by 3.4% in the fourth quarter. BlackRock Inc. now owns 24,634,126 shares of the company’s stock valued at $2,806,813,000 after buying an additional 800,098 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Kimberly Clark by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,183,043 shares of the company’s stock valued at $590,557,000 after buying an additional 47,837 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Kimberly Clark by 10.9% in the third quarter. Bank of New York Mellon Corp now owns 4,844,101 shares of the company’s stock valued at $550,483,000 after buying an additional 477,773 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Kimberly Clark by 50.8% in the third quarter. Morgan Stanley now owns 4,738,469 shares of the company’s stock valued at $538,482,000 after buying an additional 1,595,818 shares in the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.
Kimberly Clark stock traded up $7.59 during trading on Monday, hitting $131.14. 2,582,320 shares of the company were exchanged, compared to its average volume of 1,227,332. Kimberly Clark Corp has a 52 week low of $97.10 and a 52 week high of $124.76. The company has a market capitalization of $42.51 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 3.39 and a beta of 0.60. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, April 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.12. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. Kimberly Clark’s revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that Kimberly Clark Corp will post 6.59 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.12 annualized dividend and a yield of 3.14%. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. Kimberly Clark’s dividend payout ratio is 62.33%.
In related news, insider Anthony J. Palmer sold 6,122 shares of the company’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $115.11, for a total transaction of $704,703.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.85% of the company’s stock.
A number of brokerages have recently commented on KMB. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Co lifted their price objective on Kimberly Clark from $105.00 to $115.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Exane BNP Paribas began coverage on Kimberly Clark in a research note on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 price objective on the stock. Morgan Stanley lifted their target price on Kimberly Clark from $113.00 to $124.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Finally, BNP Paribas started coverage on Kimberly Clark in a report on Monday, February 11th. They issued an “outperform” rating and a $130.00 target price for the company. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $114.88.
Kimberly Clark Company Profile
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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