DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 61.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 207,201 shares of the company's stock after selling 324,039 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.06% of Kimberly-Clark worth $27,152,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock valued at $239,267,000 after buying an additional 273,813 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Kimberly-Clark by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 416,419 shares of the company's stock valued at $59,248,000 after purchasing an additional 24,383 shares during the last quarter. ORG Partners LLC boosted its stake in shares of Kimberly-Clark by 86.5% during the 4th quarter. ORG Partners LLC now owns 429 shares of the company's stock valued at $57,000 after purchasing an additional 199 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Kimberly-Clark by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,866 shares of the company's stock worth $638,000 after buying an additional 121 shares during the last quarter. Finally, LVM Capital Management Ltd. MI raised its stake in shares of Kimberly-Clark by 11.4% in the fourth quarter. LVM Capital Management Ltd. MI now owns 4,929 shares of the company's stock worth $646,000 after purchasing an additional 504 shares during the last quarter. Institutional investors own 76.29% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on KMB shares. Royal Bank of Canada lowered their target price on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. UBS Group increased their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. upped their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Barclays decreased their target price on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company upped their price target on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $145.08.
View Our Latest Report on KMB
Insiders Place Their Bets
In other news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the sale, the vice president now directly owns 2,553 shares of the company's stock, valued at $357,420. This represents a 49.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Katy Chen sold 740 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider now owns 3,997 shares of the company's stock, valued at approximately $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,872 shares of company stock valued at $2,208,684. 0.64% of the stock is currently owned by corporate insiders.
Kimberly-Clark Trading Down 0.4%
Shares of KMB stock traded down $0.47 on Wednesday, reaching $133.56. 794,061 shares of the stock were exchanged, compared to its average volume of 2,145,945. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a 50 day moving average price of $137.61 and a 200 day moving average price of $134.71. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The stock has a market cap of $44.32 billion, a PE ratio of 17.69, a P/E/G ratio of 4.46 and a beta of 0.35.
Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period in the previous year, the business posted $2.01 earnings per share. Equities research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.
Kimberly-Clark Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.77%. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.
About Kimberly-Clark
(
Free Report)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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