Amundi lifted its stake in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,715,551 shares of the company’s stock after purchasing an additional 271,117 shares during the quarter. Amundi owned 0.51% of Kimberly-Clark worth $233,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of KMB. Bell Investment Advisors Inc increased its holdings in Kimberly-Clark by 1,475.0% in the 4th quarter. Bell Investment Advisors Inc now owns 189 shares of the company’s stock worth $26,000 after buying an additional 177 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in Kimberly-Clark in the 4th quarter worth about $28,000. Affiance Financial LLC bought a new stake in Kimberly-Clark in the 4th quarter worth about $29,000. Retirement Financial Solutions LLC bought a new stake in Kimberly-Clark in the 4th quarter worth about $30,000. Finally, Capital Advisors Ltd. LLC increased its holdings in Kimberly-Clark by 221.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 389 shares of the company’s stock worth $30,000 after buying an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 74.16% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on KMB shares. Citigroup started coverage on Kimberly-Clark in a report on Thursday, February 16th. They issued a “sell” rating and a $120.00 price objective for the company. Barclays boosted their price target on Kimberly-Clark from $131.00 to $140.00 in a research note on Wednesday, April 26th. Royal Bank of Canada boosted their price target on Kimberly-Clark from $118.00 to $125.00 in a research note on Wednesday, April 26th. Berenberg Bank boosted their price target on Kimberly-Clark from $132.00 to $144.00 in a research note on Wednesday, April 26th. Finally, UBS Group boosted their price target on Kimberly-Clark from $134.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $134.45.
Kimberly-Clark Trading Up 0.2 %
Kimberly-Clark (NYSE:KMB – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.35. Kimberly-Clark had a return on equity of 279.42% and a net margin of 9.75%. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the firm earned $1.35 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts expect that Kimberly-Clark Co. will post 6.19 EPS for the current year.
Kimberly-Clark Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 9th will be issued a $1.18 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $4.72 dividend on an annualized basis and a yield of 3.50%. Kimberly-Clark’s dividend payout ratio is presently 80.82%.
Insider Buying and Selling
In other news, insider Doug Cunningham sold 1,504 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $145.48, for a total transaction of $218,801.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Doug Cunningham sold 1,504 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $145.48, for a total transaction of $218,801.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Andrew Drexler sold 7,970 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $145.12, for a total value of $1,156,606.40. Following the transaction, the vice president now directly owns 4,889 shares in the company, valued at approximately $709,491.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,416 shares of company stock valued at $8,580,971. Corporate insiders own 0.67% of the company’s stock.
About Kimberly-Clark
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
Featured Stories
- Get a free copy of the StockNews.com research report on Kimberly-Clark (KMB)
- Can Cardinal Health Fly Higher In 2023?
- DraftKings Stock, Is There Royally Good Upside Ahead?
- Disney Stock Could Double: Return To Historical Performance
- For AI Exposure, Try Global Artificial Intelligence ETF
- 3 Penny Stocks The Insiders Are BuyingÂ
Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.
