Denver Investment Advisors LLC raised its stake in Kimberly Clark Corp (NYSE:KMB) by 12.8% during the fourth quarter, Holdings Channel reports. The firm owned 39,034 shares of the company’s stock after buying an additional 4,423 shares during the period. Denver Investment Advisors LLC’s holdings in Kimberly Clark Corp were worth $4,455,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Zions Bancorporation boosted its stake in shares of Kimberly Clark Corp by 8.6% in the fourth quarter. Zions Bancorporation now owns 971 shares of the company’s stock valued at $110,000 after buying an additional 77 shares during the period. Capital Analysts LLC boosted its stake in shares of Kimberly Clark Corp by 25.2% in the fourth quarter. Capital Analysts LLC now owns 995 shares of the company’s stock valued at $114,000 after buying an additional 200 shares during the period. Timber Creek Capital Management LLC boosted its stake in shares of Kimberly Clark Corp by 175.8% in the third quarter. Timber Creek Capital Management LLC now owns 1,103 shares of the company’s stock valued at $139,000 after buying an additional 703 shares during the period. Cascade Investment Advisors Inc. acquired a new stake in shares of Kimberly Clark Corp during the fourth quarter valued at approximately $148,000. Finally, FNY Partners Fund LP acquired a new stake in shares of Kimberly Clark Corp during the fourth quarter valued at approximately $171,000. 68.65% of the stock is owned by institutional investors and hedge funds.
Shares of Kimberly Clark Corp (NYSE:KMB) opened at 133.68 on Wednesday. Kimberly Clark Corp has a 52-week low of $111.30 and a 52-week high of $138.87. The company’s 50-day moving average price is $129.33 and its 200-day moving average price is $120.96. The firm has a market cap of $47.63 billion, a PE ratio of 22.32 and a beta of 0.65.
Kimberly Clark Corp (NYSE:KMB) last issued its earnings results on Tuesday, January 24th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.42 by $0.03. The company earned $4.50 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Kimberly Clark Corp had a net margin of 11.90% and a return on equity of 614.22%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS. Equities analysts expect that Kimberly Clark Corp will post $6.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 10th will be given a dividend of $0.97 per share. This is a boost from Kimberly Clark Corp’s previous quarterly dividend of $0.92. The ex-dividend date is Wednesday, March 8th. This represents a $3.88 annualized dividend and a dividend yield of 2.90%. Kimberly Clark Corp’s payout ratio is presently 61.54%.
Several brokerages have recently commented on KMB. B. Riley reaffirmed a “neutral” rating and issued a $128.00 target price on shares of Kimberly Clark Corp in a research report on Wednesday, January 25th. Royal Bank of Canada set a $118.00 target price on Kimberly Clark Corp and gave the stock a “hold” rating in a research report on Monday, January 2nd. Vetr cut Kimberly Clark Corp from a “sell” rating to a “strong sell” rating and set a $116.33 target price for the company. in a research report on Monday, February 20th. Barclays PLC set a $135.00 target price on Kimberly Clark Corp and gave the stock a “hold” rating in a research report on Saturday, February 18th. Finally, Societe Generale cut Kimberly Clark Corp from a “buy” rating to a “hold” rating and raised their target price for the stock from $139.00 to $144.00 in a research report on Friday, March 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $133.05.
In other Kimberly Clark Corp news, insider Kimberly K. Underhill sold 4,000 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $120.95, for a total transaction of $483,800.00. Following the completion of the sale, the insider now owns 17,912 shares in the company, valued at approximately $2,166,456.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.
About Kimberly Clark Corp
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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