Jensen Investment Management Inc. maintained its position in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,630 shares of the company’s stock at the end of the first quarter. Jensen Investment Management Inc.’s holdings in Kimberly-Clark Corporation were worth $478,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of KMB. Norges Bank bought a new position in shares of Kimberly-Clark Corporation during the fourth quarter worth approximately $289,546,000. APG Asset Management N.V. increased its position in shares of Kimberly-Clark Corporation by 103.7% in the first quarter. APG Asset Management N.V. now owns 1,088,844 shares of the company’s stock worth $143,325,000 after buying an additional 554,200 shares during the last quarter. Bahl & Gaynor Inc. increased its position in shares of Kimberly-Clark Corporation by 87.3% in the first quarter. Bahl & Gaynor Inc. now owns 820,081 shares of the company’s stock worth $107,947,000 after buying an additional 382,208 shares during the last quarter. Swiss National Bank increased its position in shares of Kimberly-Clark Corporation by 20.5% in the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock worth $218,180,000 after buying an additional 282,300 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Kimberly-Clark Corporation during the first quarter worth approximately $31,996,000. Hedge funds and other institutional investors own 70.89% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) opened at 121.32 on Friday. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The firm has a market capitalization of $42.86 billion, a price-to-earnings ratio of 20.26 and a beta of 0.76. The firm has a 50-day moving average price of $127.36 and a 200 day moving average price of $128.48.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting analysts’ consensus estimates of $1.49. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.53 earnings per share. On average, equities analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.20%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.88%.
Several research analysts have recently issued reports on KMB shares. B. Riley reissued a “neutral” rating and issued a $128.00 price target on shares of Kimberly-Clark Corporation in a research note on Sunday, April 23rd. TheStreet raised Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC started coverage on Kimberly-Clark Corporation in a research note on Tuesday, April 18th. They issued a “hold” rating and a $134.00 price target for the company. Finally, Zacks Investment Research cut Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $133.14.
In related news, SVP Thomas J. Mielke sold 20,108 shares of Kimberly-Clark Corporation stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total value of $2,576,035.88. Following the sale, the senior vice president now owns 23,543 shares of the company’s stock, valued at $3,016,093.73. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sergio Cruz sold 7,078 shares of Kimberly-Clark Corporation stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total value of $920,210.78. Following the completion of the sale, the insider now directly owns 4,910 shares in the company, valued at approximately $638,349.10. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation 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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