Westwood Holdings Group Inc. boosted its position in Kimberly-Clark Corporation (NYSE:KMB) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,447 shares of the company’s stock after buying an additional 200 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Kimberly-Clark Corporation were worth $322,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Legal & General Group Plc increased its position in shares of Kimberly-Clark Corporation by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after purchasing an additional 68,776 shares during the last quarter. Oarsman Capital Inc. increased its position in shares of Kimberly-Clark Corporation by 3.0% during the 1st quarter. Oarsman Capital Inc. now owns 12,219 shares of the company’s stock worth $1,608,000 after purchasing an additional 361 shares during the last quarter. Royce & Associates LP increased its position in shares of Kimberly-Clark Corporation by 55.7% during the 1st quarter. Royce & Associates LP now owns 31,300 shares of the company’s stock worth $4,120,000 after purchasing an additional 11,200 shares during the last quarter. Swiss National Bank increased its position in shares of Kimberly-Clark Corporation by 20.5% during the 1st quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock worth $218,180,000 after purchasing an additional 282,300 shares during the last quarter. Finally, Decatur Capital Management Inc. acquired a new position in shares of Kimberly-Clark Corporation during the 1st quarter worth approximately $7,454,000. 70.10% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Robert W. Decherd bought 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average cost of $122.21 per share, with a total value of $183,315.00. Following the completion of the transaction, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.
Kimberly-Clark Corporation (NYSE KMB) traded down 1.24% during mid-day trading on Friday, reaching $118.13. The company had a trading volume of 1,813,361 shares. The company has a market capitalization of $41.74 billion, a price-to-earnings ratio of 19.72 and a beta of 0.78. The stock has a 50-day moving average of $122.07 and a 200 day moving average of $128.35. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.49. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. Kimberly-Clark Corporation’s revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $1.53 earnings per share. On average, analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is 64.88%.
KMB has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $133.00 price target on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. Berenberg Bank initiated coverage on Kimberly-Clark Corporation in a research report on Friday, June 9th. They set a “hold” rating and a $136.00 price target on the stock. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the stock a “buy” rating in a research report on Monday, June 19th. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Citigroup Inc. set a $134.00 price target on Kimberly-Clark Corporation and gave the stock a “sell” rating in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. Kimberly-Clark Corporation currently has an average rating of “Hold” and an average price target of $132.86.
Kimberly-Clark Corporation 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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