Kimberly-Clark Corporation $KMB Shares Purchased by Capital World Investors

Capital World Investors raised its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 0.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,940,945 shares of the company’s stock after buying an additional 14,306 shares during the quarter. Capital World Investors owned about 1.49% of Kimberly-Clark worth $614,357,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMB. Vanguard Group Inc. lifted its holdings in shares of Kimberly-Clark by 14.8% in the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock valued at $5,212,942,000 after purchasing an additional 5,200,011 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kimberly-Clark by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 11,482,657 shares of the company’s stock worth $1,480,344,000 after acquiring an additional 218,644 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Kimberly-Clark by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 8,254,137 shares of the company’s stock valued at $1,065,423,000 after purchasing an additional 363,865 shares during the last quarter. Invesco Ltd. boosted its holdings in Kimberly-Clark by 4.6% in the second quarter. Invesco Ltd. now owns 6,097,800 shares of the company’s stock valued at $786,128,000 after acquiring an additional 270,134 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $556,114,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent research reports. Citigroup lowered their target price on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Barclays set a $102.00 price target on Kimberly-Clark in a research report on Friday, January 16th. Wells Fargo & Company set a $110.00 target price on Kimberly-Clark in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Finally, Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $119.00.

Kimberly-Clark Trading Down 1.1%

Kimberly-Clark stock opened at $101.71 on Wednesday. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $147.31. The firm has a market capitalization of $33.76 billion, a PE ratio of 16.76, a PEG ratio of 3.66 and a beta of 0.24. The business’s 50-day simple moving average is $103.45 and its 200-day simple moving average is $110.63. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the company posted $1.50 earnings per share. Kimberly-Clark’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 5.0%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 84.35%.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.