Rodgers Brothers Inc. boosted its holdings in Kimberly Clark Corp (NYSE:KMB) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,052 shares of the company’s stock after acquiring an additional 1,194 shares during the quarter. Rodgers Brothers Inc.’s holdings in Kimberly Clark were worth $2,178,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. increased its stake in Kimberly Clark by 4.9% in the fourth quarter. BlackRock Inc. now owns 25,795,326 shares of the company’s stock valued at $3,112,464,000 after acquiring an additional 1,212,672 shares during the period. Vanguard Group Inc. increased its stake in Kimberly Clark by 2.2% in the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock valued at $3,197,638,000 after acquiring an additional 537,794 shares during the period. Capital Research Global Investors boosted its position in Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after buying an additional 3,191,549 shares in the last quarter. Wells Fargo & Company MN boosted its position in Kimberly Clark by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,724,192 shares of the company’s stock valued at $690,679,000 after buying an additional 45,468 shares in the last quarter. Finally, American International Group Inc. boosted its position in Kimberly Clark by 2,507.7% in the fourth quarter. American International Group Inc. now owns 4,397,893 shares of the company’s stock valued at $530,650,000 after buying an additional 4,229,240 shares in the last quarter. 74.57% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares in the company, valued at $3,729,757.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
Kimberly Clark Corp (NYSE:KMB) opened at $112.96 on Wednesday. Kimberly Clark Corp has a 12-month low of $109.51 and a 12-month high of $135.22. The stock has a market cap of $39,650.85, a P/E ratio of 17.62, a PEG ratio of 2.04 and a beta of 0.69. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period in the prior year, the business earned $1.45 earnings per share. Kimberly Clark’s quarterly revenue was up .8% on a year-over-year basis. research analysts anticipate that Kimberly Clark Corp will post 7 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.54%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s dividend payout ratio is presently 62.40%.
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Kimberly Clark 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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