Swiss National Bank lifted its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 13.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,458,378 shares of the company's stock after purchasing an additional 178,200 shares during the quarter. Swiss National Bank owned about 0.43% of Kimberly-Clark worth $179,614,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. First Affirmative Financial Network increased its stake in Kimberly-Clark by 18.1% during the first quarter. First Affirmative Financial Network now owns 2,220 shares of the company's stock worth $273,000 after acquiring an additional 340 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Kimberly-Clark by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 624,130 shares of the company's stock valued at $89,201,000 after buying an additional 3,916 shares during the last quarter. Norges Bank bought a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $473,552,000. Integrated Advisors Network LLC grew its stake in shares of Kimberly-Clark by 25.4% during the first quarter. Integrated Advisors Network LLC now owns 1,857 shares of the company's stock valued at $229,000 after buying an additional 376 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Kimberly-Clark by 98.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 8,099 shares of the company's stock valued at $998,000 after purchasing an additional 4,019 shares during the period. 74.32% of the stock is owned by institutional investors.
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Insiders Place Their Bets
In related news, CEO Michael D. Hsu sold 41,698 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $140.08, for a total transaction of $5,841,055.84. Following the completion of the sale, the chief executive officer now owns 89,593 shares of the company's stock, valued at approximately $12,550,187.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is currently owned by insiders.
Kimberly-Clark Stock Up 0.7 %
KMB opened at $134.29 on Tuesday. The firm has a market cap of $45.34 billion, a P/E ratio of 25.39, a PEG ratio of 4.73 and a beta of 0.31. The business's fifty day simple moving average is $131.78 and its 200 day simple moving average is $131.00. Kimberly-Clark Co. has a 52 week low of $117.32 and a 52 week high of $145.79. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 10.37.
Kimberly-Clark (NYSE:KMB – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business earned $1.47 earnings per share. Kimberly-Clark's revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 5.64 EPS for the current fiscal year.
Kimberly-Clark Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark's dividend payout ratio (DPR) is presently 87.71%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Kimberly-Clark from $130.00 to $138.00 in a research note on Monday, April 25th. Barclays decreased their price target on Kimberly-Clark from $129.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Monday, May 23rd. Wells Fargo & Company upped their price target on Kimberly-Clark from $128.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, April 25th. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Friday, July 22nd. Finally, UBS Group upped their target price on shares of Kimberly-Clark from $136.00 to $142.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $131.14.
Kimberly-Clark Profile
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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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