Royce & Associates LP Sells 46,500 Shares of Kimberly Clark Corp (KMB)
Royce & Associates LP trimmed its position in shares of Kimberly Clark Corp (NYSE:KMB) by 85.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,000 shares of the company’s stock after selling 46,500 shares during the quarter. Royce & Associates LP’s holdings in Kimberly Clark were worth $912,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in KMB. Oregon Public Employees Retirement Fund increased its stake in shares of Kimberly Clark by 11,155.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,310,008 shares of the company’s stock worth $38,000 after buying an additional 4,271,714 shares during the period. Morgan Stanley increased its stake in Kimberly Clark by 50.8% in the third quarter. Morgan Stanley now owns 4,738,469 shares of the company’s stock valued at $538,482,000 after purchasing an additional 1,595,818 shares during the last quarter. Victory Capital Management Inc. increased its stake in Kimberly Clark by 1,023.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,429,049 shares of the company’s stock valued at $162,826,000 after purchasing an additional 1,301,816 shares during the last quarter. Capital World Investors purchased a new position in Kimberly Clark in the third quarter valued at approximately $136,368,000. Finally, BlackRock Inc. increased its stake in Kimberly Clark by 3.4% in the fourth quarter. BlackRock Inc. now owns 24,634,126 shares of the company’s stock valued at $2,806,813,000 after purchasing an additional 800,098 shares during the last quarter. Hedge funds and other institutional investors own 72.46% of the company’s stock.
Several brokerages have commented on KMB. ValuEngine upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Morgan Stanley set a $107.00 price target on shares of Kimberly Clark and gave the company a “sell” rating in a research note on Thursday, December 20th. Exane BNP Paribas began coverage on shares of Kimberly Clark in a research note on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 price target on the stock. BNP Paribas began coverage on shares of Kimberly Clark in a research note on Monday, February 11th. They issued an “outperform” rating and a $130.00 price target on the stock. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $105.00 price target on shares of Kimberly Clark in a research note on Wednesday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $113.19.
KMB stock opened at $120.19 on Friday. The company has a market capitalization of $41.36 billion, a PE ratio of 18.18, a PEG ratio of 3.26 and a beta of 0.59. Kimberly Clark Corp has a twelve month low of $97.10 and a twelve month high of $120.48. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.77 and a quick ratio of 0.49.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Wednesday, January 23rd. The company reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.08). The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. Kimberly Clark had a net margin of 7.63% and a return on equity of 1,156.45%. Kimberly Clark’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 earnings per share. On average, sell-side analysts predict that Kimberly Clark Corp will post 6.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th will be issued a $1.03 dividend. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, March 7th. Kimberly Clark’s dividend payout ratio is presently 62.33%.
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Kimberly Clark 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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