Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 17.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 36,376 shares of the company’s stock after acquiring an additional 5,310 shares during the period. Kimberly Clark makes up approximately 1.2% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s investment portfolio, making the stock its 28th largest holding. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Kimberly Clark were worth $4,651,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Amalgamated Bank grew its stake in shares of Kimberly Clark by 7.0% during the fourth quarter. Amalgamated Bank now owns 51,453 shares of the company’s stock worth $7,077,000 after acquiring an additional 3,357 shares during the last quarter. Victory Capital Management Inc. boosted its position in Kimberly Clark by 3.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,434,151 shares of the company’s stock valued at $334,818,000 after buying an additional 91,469 shares during the last quarter. Geode Capital Management LLC boosted its position in Kimberly Clark by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 5,766,300 shares of the company’s stock valued at $791,655,000 after buying an additional 25,669 shares during the last quarter. Apriem Advisors boosted its position in Kimberly Clark by 21.9% in the fourth quarter. Apriem Advisors now owns 2,225 shares of the company’s stock valued at $306,000 after buying an additional 400 shares during the last quarter. Finally, KBC Group NV boosted its position in Kimberly Clark by 1.4% in the fourth quarter. KBC Group NV now owns 212,783 shares of the company’s stock valued at $29,268,000 after buying an additional 2,963 shares during the last quarter. Institutional investors and hedge funds own 72.55% of the company’s stock.
In other news, insider Kimberly K. Underhill sold 4,679 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $139.00, for a total transaction of $650,381.00. Following the completion of the transaction, the insider now directly owns 42,643 shares of the company’s stock, valued at approximately $5,927,377. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP J. Scott Boston sold 13,388 shares of the stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,536 shares of company stock valued at $5,969,866. Corporate insiders own 0.72% of the company’s stock.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Wednesday, April 22nd. The company reported $2.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.15. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.84 billion. Kimberly Clark had a return on equity of 2,686.77% and a net margin of 12.55%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 EPS. On average, equities analysts forecast that Kimberly Clark Corp will post 7.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 4th. Kimberly Clark’s payout ratio is 62.12%.
A number of equities research analysts recently commented on KMB shares. Royal Bank of Canada reiterated a “hold” rating and issued a $149.00 target price on shares of Kimberly Clark in a research report on Wednesday, April 22nd. Goldman Sachs Group upgraded Kimberly Clark to a “hold” rating in a research report on Monday, March 30th. Barclays reiterated a “buy” rating and issued a $143.00 target price on shares of Kimberly Clark in a research report on Tuesday, April 7th. Deutsche Bank boosted their price target on Kimberly Clark from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Finally, ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $146.70.
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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