17,415 Shares in Kimberly Clark Corp (KMB) Acquired by Harbour Investment Management LLC
Harbour Investment Management LLC purchased a new stake in Kimberly Clark Corp (NYSE:KMB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,415 shares of the company’s stock, valued at approximately $2,101,000.
A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Kimberly Clark by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock valued at $3,197,638,000 after buying an additional 537,794 shares during the period. 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. Wells Fargo & Company MN increased its holdings in Kimberly Clark by 3.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock valued at $731,643,000 after buying an additional 181,517 shares during the period. Federated Investors Inc. PA increased its holdings in Kimberly Clark by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock valued at $421,692,000 after buying an additional 55,108 shares during the period. Finally, APG Asset Management N.V. increased its holdings in Kimberly Clark by 8.9% in the 4th quarter. APG Asset Management N.V. now owns 2,986,444 shares of the company’s stock valued at $300,087,000 after buying an additional 244,500 shares during the period. 71.82% of the stock is currently owned by hedge funds and other institutional investors.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the sale, the insider now owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The business had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The firm’s quarterly revenue was up .8% compared to the same quarter last year. research analysts expect that Kimberly Clark Corp will post 6.98 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, March 8th. This represents a $4.00 dividend on an annualized basis and a yield of 3.59%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio is currently 60.53%.
Several equities research analysts have issued reports on KMB shares. Barclays reissued a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark in a report on Friday, October 13th. Zacks Investment Research lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Finally, Citigroup set a $112.00 target price on shares of Kimberly Clark and gave the stock a “sell” rating in a report on Wednesday, January 24th. Three 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. Kimberly Clark currently has an average rating of “Hold” and an average target price of $126.44.
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Kimberly Clark 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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