Janus Henderson Group PLC trimmed its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 565,480 shares of the company’s stock after selling 30,350 shares during the quarter. Janus Henderson Group PLC owned 0.16% of Kimberly Clark worth $64,259,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd raised its stake in shares of Kimberly Clark by 10.0% in the third quarter. AustralianSuper Pty Ltd now owns 77,000 shares of the company’s stock valued at $8,750,000 after acquiring an additional 7,000 shares during the last quarter. Rational Advisors LLC raised its stake in shares of Kimberly Clark by 66.8% in the third quarter. Rational Advisors LLC now owns 8,738 shares of the company’s stock valued at $993,000 after acquiring an additional 3,499 shares during the last quarter. AXA raised its stake in shares of Kimberly Clark by 36.0% in the third quarter. AXA now owns 673,553 shares of the company’s stock valued at $76,542,000 after acquiring an additional 178,200 shares during the last quarter. Intersect Capital LLC raised its stake in shares of Kimberly Clark by 5.3% in the third quarter. Intersect Capital LLC now owns 23,066 shares of the company’s stock valued at $2,621,000 after acquiring an additional 1,166 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. raised its stake in shares of Kimberly Clark by 69.4% in the third quarter. Piedmont Investment Advisors Inc. now owns 25,457 shares of the company’s stock valued at $2,893,000 after acquiring an additional 10,428 shares during the last quarter. 73.38% of the stock is currently owned by institutional investors.
KMB stock opened at $114.95 on Friday. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $123.77. The company has a market capitalization of $39.49 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.77 and a beta of 0.67.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 22nd. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the business earned $1.60 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 7th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Thursday, December 6th. Kimberly Clark’s dividend payout ratio is presently 64.21%.
In other Kimberly Clark news, VP Michael T. Azbell sold 13,565 shares of Kimberly Clark stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the completion of the sale, the vice president now owns 6,432 shares of the company’s stock, valued at approximately $739,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey P. Melucci sold 1,000 shares of Kimberly Clark stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total transaction of $111,180.00. Following the sale, the senior vice president now directly owns 4,132 shares of the company’s stock, valued at approximately $459,395.76. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.
A number of research analysts have recently issued reports on KMB shares. Morgan Stanley set a $100.00 target price on shares of Kimberly Clark and gave the company a “sell” rating in a research note on Tuesday, October 23rd. Goldman Sachs Group cut shares of Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 price objective for the company. in a research report on Monday, October 8th. Deutsche Bank cut shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 price objective for the company. in a research report on Wednesday, October 10th. Bank of America boosted their price objective on shares of Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $100.00 price objective on shares of Kimberly Clark in a research report on Monday, October 22nd. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $105.64.
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Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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