First Citizens Bank & Trust Co. boosted its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 416.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,432 shares of the company’s stock after buying an additional 7,606 shares during the period. First Citizens Bank & Trust Co.’s holdings in Kimberly Clark were worth $1,138,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in KMB. Vanguard Group Inc. increased its stake in Kimberly Clark by 2.2% in the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after purchasing an additional 537,794 shares during the period. Capital Research Global Investors increased its stake in Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Wells Fargo & Company MN increased its stake in Kimberly Clark by 3.3% in the second quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after purchasing an additional 181,517 shares during the period. Federated Investors Inc. PA increased its stake in Kimberly Clark by 1.7% in the second quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after purchasing an additional 55,108 shares during the period. Finally, APG Asset Management N.V. increased its stake in Kimberly Clark by 35.9% in the third quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after purchasing an additional 723,800 shares during the period. Institutional investors own 71.46% of the company’s stock.
Kimberly Clark Corp (NYSE KMB) opened at $115.49 on Friday. Kimberly Clark Corp has a 12-month low of $109.67 and a 12-month high of $136.21. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The stock has a market capitalization of $40,620.00, a price-to-earnings ratio of 19.06, a PEG ratio of 2.83 and a beta of 0.75.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. research analysts forecast that Kimberly Clark Corp will post 6.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Thursday, December 7th. Kimberly Clark’s payout ratio is 64.03%.
A number of analysts have weighed in on the company. Citigroup lowered Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research note on Monday, December 11th. Zacks Investment Research lowered Kimberly Clark from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Royal Bank of Canada reiterated a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark in a research note on Friday, October 13th. Deutsche Bank assumed coverage on Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $115.55 to $100.00 in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $126.50.
Kimberly Clark 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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