Kimberly Clark Corp (KMB) Shares Bought by Achmea Investment Management B.V.
Achmea Investment Management B.V. raised its stake in Kimberly Clark Corp (NYSE:KMB) by 15.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,191 shares of the company’s stock after buying an additional 7,112 shares during the period. Achmea Investment Management B.V.’s holdings in Kimberly Clark were worth $6,061,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Investment Partners LTD. bought a new position in shares of Kimberly Clark during the 4th quarter valued at $240,000. Commonwealth Equity Services LLC boosted its position in Kimberly Clark by 2.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 300,793 shares of the company’s stock valued at $34,272,000 after buying an additional 7,144 shares during the period. Brown Brothers Harriman & Co. boosted its position in Kimberly Clark by 14.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 33,718 shares of the company’s stock valued at $3,832,000 after buying an additional 4,318 shares during the period. First Bank & Trust boosted its position in Kimberly Clark by 8.5% during the 4th quarter. First Bank & Trust now owns 9,972 shares of the company’s stock valued at $1,136,000 after buying an additional 780 shares during the period. Finally, FMR LLC boosted its position in Kimberly Clark by 20.1% during the 3rd quarter. FMR LLC now owns 3,826,865 shares of the company’s stock valued at $434,885,000 after buying an additional 640,719 shares during the period. 72.46% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Anthony J. Palmer sold 6,122 shares of the firm’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $115.11, for a total value of $704,703.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.64% of the company’s stock.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Wednesday, January 23rd. The company reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.08). Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts forecast that Kimberly Clark Corp will post 6.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.43%. This is a boost from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, March 7th. Kimberly Clark’s dividend payout ratio (DPR) is currently 62.33%.
Several equities research analysts have weighed in on KMB shares. Barclays reissued a “hold” rating and set a $109.00 price target on shares of Kimberly Clark in a research report on Friday, January 25th. Morgan Stanley increased their price target on shares of Kimberly Clark from $113.00 to $124.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. BNP Paribas started coverage on shares of Kimberly Clark in a research report on Monday, February 11th. They set an “outperform” rating and a $130.00 price target for the company. ValuEngine cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Wells Fargo & Co reissued a “hold” rating and set a $105.00 price target on shares of Kimberly Clark in a research report on Wednesday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. Kimberly Clark currently has an average rating of “Hold” and an average target price of $113.19.
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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