King Luther Capital Management Corp Acquires 3,584 Shares of Kimberly Clark Corp (KMB)
King Luther Capital Management Corp raised its holdings in Kimberly Clark Corp (NYSE:KMB) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,339,702 shares of the company’s stock after buying an additional 3,584 shares during the period. Kimberly Clark comprises about 1.1% of King Luther Capital Management Corp’s holdings, making the stock its 27th largest position. King Luther Capital Management Corp owned approximately 0.39% of Kimberly Clark worth $152,244,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in KMB. Macquarie Group Ltd. lifted its stake in shares of Kimberly Clark by 1,402.1% in the second quarter. Macquarie Group Ltd. now owns 2,182,802 shares of the company’s stock valued at $229,937,000 after buying an additional 2,037,488 shares in the last quarter. LSV Asset Management lifted its stake in shares of Kimberly Clark by 293.0% in the third quarter. LSV Asset Management now owns 2,413,025 shares of the company’s stock valued at $274,216,000 after buying an additional 1,798,953 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Kimberly Clark by 121.8% in the second quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock valued at $261,110,000 after buying an additional 1,361,325 shares in the last quarter. Beutel Goodman & Co Ltd. bought a new position in shares of Kimberly Clark in the third quarter valued at $65,232,000. Finally, FMR LLC lifted its stake in shares of Kimberly Clark by 20.1% in the third 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 in the last quarter. 72.10% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Michael T. Azbell sold 13,565 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the completion of the sale, the vice president now owns 6,432 shares in the company, valued at $739,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey P. Melucci sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total transaction of $111,180.00. Following the sale, the senior vice president now owns 4,132 shares of the company’s stock, valued at approximately $459,395.76. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, October 22nd. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.07. The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.52 billion. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 earnings per share. On average, equities research analysts anticipate that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Friday, December 7th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, December 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.56%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
A number of research analysts have weighed in on KMB shares. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Societe Generale downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating and lowered their target price for the company from $124.00 to $116.00 in a report on Wednesday, August 15th. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. JPMorgan Chase & Co. upgraded shares of Kimberly Clark from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $86.00 in a report on Thursday, August 16th. Finally, Deutsche Bank increased their target price on shares of Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Five equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $105.64.
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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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