Cullen Frost Bankers Inc. decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,846 shares of the company's stock after selling 215 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Kimberly-Clark were worth $4,048,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in Kimberly-Clark by 56.7% during the fourth quarter. Capital Research Global Investors now owns 11,172,139 shares of the company's stock worth $1,596,722,000 after purchasing an additional 4,043,708 shares in the last quarter. Norges Bank purchased a new stake in Kimberly-Clark during the fourth quarter worth $473,552,000. Nuance Investments LLC lifted its position in shares of Kimberly-Clark by 45.5% in the fourth quarter. Nuance Investments LLC now owns 2,335,822 shares of the company's stock valued at $333,836,000 after acquiring an additional 730,947 shares in the last quarter. BlackRock Inc. lifted its position in shares of Kimberly-Clark by 2.7% in the fourth quarter. BlackRock Inc. now owns 25,904,715 shares of the company's stock valued at $3,702,302,000 after acquiring an additional 690,759 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Kimberly-Clark by 5,400.9% in the fourth quarter. Squarepoint Ops LLC now owns 361,355 shares of the company's stock valued at $51,645,000 after acquiring an additional 354,786 shares in the last quarter. Hedge funds and other institutional investors own 74.32% of the company's stock.
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Kimberly-Clark Stock Performance
Shares of NYSE KMB traded up $1.04 during mid-day trading on Wednesday, hitting $135.46. The company had a trading volume of 5,326 shares, compared to its average volume of 1,889,634. The stock has a market cap of $45.73 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 4.73 and a beta of 0.31. Kimberly-Clark Co. has a 12 month low of $117.32 and a 12 month high of $145.79. The company has a debt-to-equity ratio of 10.37, a current ratio of 0.79 and a quick ratio of 0.47. The firm's 50 day simple moving average is $131.81 and its two-hundred day simple moving average is $131.02.
Kimberly-Clark (NYSE:KMB – Get Rating) last posted its earnings results on Tuesday, July 26th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.01). Kimberly-Clark had a net
margin of 8.87% and a return on equity of 249.60%. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the business earned $1.47 earnings per share. The firm's revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 5.64 earnings per share for the current year.
Kimberly-Clark Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark's dividend payout ratio (DPR) is presently 87.71%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $130.00 to $138.00 in a research report on Monday, April 25th. UBS Group upped their target price on Kimberly-Clark from $136.00 to $142.00 and gave the company a "neutral" rating in a research note on Wednesday, July 27th. Wells Fargo & Company upped their target price 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 upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Friday, July 22nd. Finally, Barclays dropped their target price on Kimberly-Clark from $129.00 to $124.00 and set an "equal weight" rating for the company in a research note on Monday, May 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $131.14.
Insider Activity
In other news, CEO Michael D. Hsu sold 41,698 shares of the firm's stock in a transaction on Thursday, May 12th. The stock was 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 directly 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 is accessible through this hyperlink. 0.55% of the stock is owned by insiders.
Kimberly-Clark Company 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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