Capital World Investors Acquires 14,306 Shares of Kimberly-Clark Corporation $KMB

Capital World Investors increased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 0.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,940,945 shares of the company’s stock after purchasing an additional 14,306 shares during the period. Capital World Investors’ holdings in Kimberly-Clark were worth $614,357,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter worth approximately $25,000. True Wealth Design LLC grew its position in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the last quarter. Winnow Wealth LLC bought a new stake in Kimberly-Clark during the 2nd quarter worth about $27,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $27,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in Kimberly-Clark by 105.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after buying an additional 127 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on KMB. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, November 13th. BNP Paribas Exane reiterated a “neutral” rating and set a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research report on Tuesday, February 17th. Finally, TD Cowen decreased their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $119.00.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Trading Down 1.1%

Shares of KMB stock opened at $101.71 on Wednesday. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $147.31. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The stock’s fifty day moving average price is $103.45 and its two-hundred day moving average price is $110.63. The company has a market cap of $33.76 billion, a PE ratio of 16.76, a P/E/G ratio of 3.66 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the business posted $1.50 EPS. Kimberly-Clark’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 5.0%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s payout ratio is currently 84.35%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.