Kimberly Clark Corp (KMB) Stake Increased by Cognios Capital LLC
Cognios Capital LLC increased its position in shares of Kimberly Clark Corp (NYSE:KMB) by 136.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,027 shares of the company’s stock after acquiring an additional 12,692 shares during the period. Kimberly Clark comprises 1.0% of Cognios Capital LLC’s investment portfolio, making the stock its 19th biggest position. Cognios Capital LLC’s holdings in Kimberly Clark were worth $2,657,000 as of its most recent SEC filing.
Several other hedge funds have 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 acquiring an additional 3,191,549 shares during the last quarter. Janus Henderson Group PLC increased its holdings in 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 valued at $319,676,000 after acquiring an additional 2,429,085 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Kimberly Clark by 305.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock valued at $259,496,000 after acquiring an additional 1,514,722 shares during the last quarter. Stifel Financial Corp increased its holdings in Kimberly Clark by 29,110.9% in the 3rd quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock valued at $91,647,000 after acquiring an additional 775,805 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in Kimberly Clark by 35.9% in the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock valued at $322,672,000 after acquiring an additional 723,800 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of Kimberly Clark stock in a transaction on Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the completion of the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.61 billion. During the same period last year, the company posted $1.45 EPS. The business’s revenue was up .8% on a year-over-year basis. sell-side analysts anticipate that Kimberly Clark Corp will post 6.98 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be paid a $1.00 dividend. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Thursday, March 8th. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.53%.
A number of brokerages have issued reports on KMB. Citigroup set a $112.00 price target on shares of Kimberly Clark and gave the company a “sell” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Deutsche Bank began coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price target on the stock. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and lifted their price target for the company from $112.05 to $144.00 in a report on Thursday, November 2nd. Finally, Barclays reiterated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and a consensus target price of $126.44.
TRADEMARK VIOLATION WARNING: This news story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.thecerbatgem.com/2018/02/15/kimberly-clark-corp-kmb-stake-increased-by-cognios-capital-llc.html.
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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.