Bartlett & Co. LLC Reduces Position in Kimberly Clark Corp (KMB)
Bartlett & Co. LLC lowered its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,620 shares of the company’s stock after selling 661 shares during the quarter. Bartlett & Co. LLC’s holdings in Kimberly Clark were worth $5,486,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Capital Research Global Investors increased its holdings in Kimberly Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after buying an additional 3,191,549 shares during the period. Janus Henderson Group PLC grew its holdings 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 last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 last quarter. APG Asset Management N.V. grew its holdings in shares of Kimberly Clark by 85.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after purchasing an additional 929,300 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings 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 last quarter. 71.61% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on KMB. Deutsche Bank began coverage on shares of Kimberly Clark in a report on Wednesday. They issued a “hold” rating and a $121.00 target price on the stock. Citigroup lowered shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a report on Monday. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and upped their price target for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Finally, Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and an average price target of $126.00.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. equities research analysts forecast that Kimberly Clark Corp will post 6.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s dividend payout ratio is 64.03%.
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About Kimberly Clark
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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