Kimberly Clark Corp (KMB) Holdings Cut by MUFG Americas Holdings Corp
MUFG Americas Holdings Corp lessened its position in Kimberly Clark Corp (NYSE:KMB) by 8.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 135,354 shares of the company’s stock after selling 13,086 shares during the period. MUFG Americas Holdings Corp’s holdings in Kimberly Clark were worth $15,929,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its position in shares of Kimberly Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Janus Henderson Group PLC lifted its position in shares of Kimberly Clark by 5,178.3% in the 2nd quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after purchasing an additional 2,429,085 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Kimberly Clark by 305.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after purchasing an additional 1,514,722 shares during the period. APG Asset Management N.V. lifted its position in shares of Kimberly Clark by 35.9% in the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after purchasing an additional 723,800 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Kimberly Clark by 83.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock worth $183,043,000 after purchasing an additional 645,881 shares during the period. 71.47% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America lowered their price target on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Citigroup cut shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target for the company. in a research report on Monday, December 11th. Deutsche Bank assumed coverage on shares of Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target for the company. Finally, Wells Fargo & Co lowered their price target on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $126.00.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. Kimberly Clark’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. equities research analysts predict that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.32%. Kimberly Clark’s dividend payout ratio is currently 64.03%.
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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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