Kimberly Clark Corp (KMB) Holdings Trimmed by Caisse DE Depot ET Placement DU Quebec
Caisse DE Depot ET Placement DU Quebec reduced its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 30.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,247,600 shares of the company’s stock after selling 541,200 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Kimberly Clark were worth $150,535,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in KMB. San Francisco Sentry Investment Group CA grew its holdings in Kimberly Clark by 2,385.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after acquiring an additional 954 shares in the last quarter. Truewealth LLC acquired a new position in Kimberly Clark during the 4th quarter worth $123,000. Heritage Trust Co grew its holdings in Kimberly Clark by 11.2% during the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares in the last quarter. Shamrock Asset Management LLC grew its holdings in Kimberly Clark by 220.5% during the 4th quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock worth $134,000 after acquiring an additional 763 shares in the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in Kimberly Clark during the 2nd quarter worth $150,000. 72.97% of the stock is owned by institutional investors.
Several research firms have recently commented on KMB. Zacks Investment Research lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Citigroup set a $112.00 price target on shares of Kimberly Clark and gave the company a “sell” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank began coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price target for the company. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Kimberly Clark has an average rating of “Hold” and an average price target of $125.87.
Shares of Kimberly Clark Corp (NYSE:KMB) opened at $112.55 on Monday. The firm has a market cap of $39,471.96, a PE ratio of 17.56, a P/E/G ratio of 2.04 and a beta of 0.69. Kimberly Clark Corp has a 52-week low of $109.51 and a 52-week high of $135.22. The company has a debt-to-equity ratio of 7.34, a current ratio of 0.89 and a quick ratio of 0.58.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. Kimberly Clark’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS. equities analysts predict that Kimberly Clark Corp will post 7.02 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be given a $1.00 dividend. The ex-dividend date is Thursday, March 8th. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a yield of 3.55%. Kimberly Clark’s dividend payout ratio (DPR) is currently 60.53%.
About Kimberly Clark
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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