DF Dent & Co. Inc. Has $305,000 Holdings in Kimberly-Clark Corporation (KMB)
DF Dent & Co. Inc. cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,363 shares of the company’s stock after selling 10 shares during the quarter. DF Dent & Co. Inc.’s holdings in Kimberly-Clark were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in KMB. Capital Research Global Investors grew its stake 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 acquiring an additional 3,191,549 shares in the last quarter. Janus Henderson Group PLC raised its stake in Kimberly-Clark by 5,178.3% in the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after purchasing an additional 2,429,085 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Kimberly-Clark by 305.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after acquiring an additional 1,514,722 shares during the period. APG Asset Management N.V. lifted its stake in Kimberly-Clark by 85.3% in the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after acquiring an additional 929,300 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Kimberly-Clark by 83.7% during the second quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock valued at $183,043,000 after buying an additional 645,881 shares during the period. 71.61% of the stock is currently owned by institutional investors.
KMB has been the topic of several recent research reports. Citigroup reaffirmed a “neutral” rating and set a $131.00 price objective (down from $132.00) on shares of Kimberly-Clark in a report on Friday, August 11th. Barclays reiterated a “hold” rating on shares of Kimberly-Clark in a research note on Thursday, October 26th. Jefferies Group restated a “hold” rating and issued a $119.00 price objective on shares of Kimberly-Clark in a research note on Thursday, September 7th. Zacks Investment Research raised Kimberly-Clark from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Societe Generale upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Two 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. The stock has a consensus rating of “Hold” and a consensus price target of $127.14.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly-Clark had a return on equity of 666.97% and a net margin of 11.89%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. research analysts predict that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.97 per share. The ex-dividend date is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.17%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 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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