Achmea Investment Management B.V. Reduces Stake in Kimberly Clark Corp (KMB)
Achmea Investment Management B.V. cut its stake in Kimberly Clark Corp (NYSE:KMB) by 31.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,596 shares of the company’s stock after selling 11,063 shares during the quarter. Achmea Investment Management B.V.’s holdings in Kimberly Clark were worth $2,892,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of KMB. Heritage Trust Co increased its stake in shares of Kimberly Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. increased its stake in shares of Kimberly Clark by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after acquiring an additional 400 shares during the last quarter. Armbruster Capital Management Inc. increased its stake in shares of Kimberly Clark by 15.9% in the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after acquiring an additional 143 shares during the last quarter. Mosaic Family Wealth LLC increased its stake in shares of Kimberly Clark by 0.5% in the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after acquiring an additional 6 shares during the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in shares of Kimberly Clark in the second quarter worth $150,000. 71.47% of the stock is currently owned by institutional investors and hedge funds.
Kimberly Clark Corp (NYSE:KMB) opened at $118.17 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The company has a market cap of $41,570.00, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.91 and a beta of 0.75. Kimberly Clark Corp has a 1 year low of $109.67 and a 1 year high of $136.21.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. equities analysts anticipate that Kimberly Clark Corp will post 6.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is 64.03%.
A number of research firms have recently weighed in on KMB. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Bank of America dropped their price target on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research report on Monday, December 11th. Deutsche Bank began coverage on shares of Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Finally, Wells Fargo & Co lowered their target price on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. Kimberly Clark currently has a consensus rating of “Hold” and an average target price of $126.00.
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Kimberly Clark Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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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