The Kimberly-Clark Corp. (KMB) Shares Bought by Principal Financial Group Inc.

The Kimberly-Clark Corp. (KMB) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in Kimberly-Clark Corp. (NYSE:KMB) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 531,471 shares of the company’s stock after buying an additional 24,925 shares during the period. Principal Financial Group Inc. owned about 0.15% of Kimberly-Clark Corp. worth $67,040,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Pitcairn Co. raised its stake in Kimberly-Clark Corp. by 103.5% in the second quarter. Pitcairn Co. now owns 6,486 shares of the company’s stock valued at $892,000 after buying an additional 3,298 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in Kimberly-Clark Corp. by 6.4% in the second quarter. Douglas Lane & Associates LLC now owns 5,669 shares of the company’s stock valued at $779,000 after buying an additional 339 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in Kimberly-Clark Corp. by 24.0% in the second quarter. Rehmann Capital Advisory Group now owns 5,139 shares of the company’s stock valued at $707,000 after buying an additional 994 shares during the last quarter. Destination Wealth Management raised its stake in Kimberly-Clark Corp. by 83.7% in the second quarter. Destination Wealth Management now owns 18,224 shares of the company’s stock valued at $2,505,000 after buying an additional 8,305 shares during the last quarter. Finally, Albion Financial Group UT raised its stake in Kimberly-Clark Corp. by 1.9% in the second quarter. Albion Financial Group UT now owns 34,530 shares of the company’s stock valued at $4,747,000 after buying an additional 656 shares during the last quarter. Institutional investors and hedge funds own 67.72% of the company’s stock.

Shares of Kimberly-Clark Corp. (NYSE:KMB) opened at 116.40 on Thursday. Kimberly-Clark Corp. has a 12-month low of $111.30 and a 12-month high of $138.87. The firm has a market cap of $41.69 billion, a P/E ratio of 21.17 and a beta of 0.60. The company has a 50-day moving average of $114.84 and a 200 day moving average of $122.05.

Kimberly-Clark Corp. (NYSE:KMB) last issued its earnings results on Monday, October 24th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.54 by $0.02. The firm earned $4.60 billion during the quarter, compared to the consensus estimate of $4.73 billion. Kimberly-Clark Corp. had a return on equity of 648.51% and a net margin of 10.96%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the business earned $1.51 earnings per share. Equities analysts predict that Kimberly-Clark Corp. will post $6.00 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Friday, December 9th were given a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $3.68 annualized dividend and a yield of 3.16%. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is currently 67.03%.

Several analysts have weighed in on the stock. B. Riley reiterated a “neutral” rating and set a $128.00 target price on shares of Kimberly-Clark Corp. in a research note on Sunday, October 30th. Deutsche Bank AG lowered their target price on shares of Kimberly-Clark Corp. from $132.00 to $120.00 and set a “hold” rating for the company in a research note on Tuesday, October 25th. Wells Fargo & Co. restated a “market perform” rating on shares of Kimberly-Clark Corp. in a research report on Tuesday, November 15th. Goldman Sachs Group Inc. restated a “buy” rating and set a $145.00 price target on shares of Kimberly-Clark Corp. in a research report on Tuesday, October 25th. Finally, Citigroup Inc. restated a “neutral” rating on shares of Kimberly-Clark Corp. in a research report on Monday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $128.60.

In other news, Director Robert W. Decherd bought 2,000 shares of Kimberly-Clark Corp. stock in a transaction that occurred on Thursday, October 27th. The stock was purchased at an average cost of $113.59 per share, with a total value of $227,180.00. Following the completion of the transaction, the director now directly owns 41,944 shares in the company, valued at $4,764,418.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the completion of the transaction, the senior vice president now directly owns 30,091 shares of the company’s stock, valued at $3,410,513.94. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

Kimberly-Clark Corp. 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 operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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