Canada Pension Plan Investment Board lifted its holdings in Kimberly-Clark Corporation (NYSE:KMB) by 57.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 835,213 shares of the company’s stock after purchasing an additional 303,576 shares during the period. Canada Pension Plan Investment Board owned 0.24% of Kimberly-Clark Corporation worth $107,834,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its holdings in Kimberly-Clark Corporation by 4.7% in the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares during the period. Acrospire Investment Management LLC raised its holdings in Kimberly-Clark Corporation by 125.0% in the 1st quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 500 shares during the period. Armbruster Capital Management Inc. raised its holdings in Kimberly-Clark Corporation by 38.5% in the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after acquiring an additional 250 shares during the period. Heritage Trust Co bought a new position in Kimberly-Clark Corporation in the 1st quarter worth $118,000. Finally, V Wealth Management LLC bought a new position in Kimberly-Clark Corporation in the 2nd quarter worth $123,000. 70.08% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Macquarie assumed coverage on shares of Kimberly-Clark Corporation in a report on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 target price on shares of Kimberly-Clark Corporation in a report on Thursday, September 7th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $131.00 target price (down previously from $132.00) on shares of Kimberly-Clark Corporation in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $131.46.
Kimberly-Clark Corporation (NYSE:KMB) opened at 116.45 on Wednesday. The stock’s 50 day moving average is $119.55 and its 200 day moving average is $125.84. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The company has a market cap of $41.14 billion, a P/E ratio of 19.44 and a beta of 0.76.
Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.49. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. Kimberly-Clark Corporation’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.53 EPS. On average, equities analysts forecast that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.
In related news, Director Robert W. Decherd bought 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the purchase, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.56% of the company’s stock.
About Kimberly-Clark Corporation
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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