Humankind Investments LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 5.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,913 shares of the company's stock after purchasing an additional 98 shares during the period. Humankind Investments LLC's holdings in Kimberly-Clark were worth $236,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Kimberly-Clark by 2.7% during 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. State Street Corp raised its holdings in Kimberly-Clark by 1.6% in the fourth quarter. State Street Corp now owns 17,858,070 shares of the company's stock worth $2,572,147,000 after purchasing an additional 289,762 shares in the last quarter. Capital Research Global Investors raised its holdings in Kimberly-Clark by 56.7% in 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. Geode Capital Management LLC increased its holdings in shares of Kimberly-Clark by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 5,605,887 shares of the company's stock valued at $799,062,000 after acquiring an additional 122,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Kimberly-Clark by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,048,251 shares of the company's stock valued at $721,498,000 after acquiring an additional 189,877 shares in the last quarter. Hedge funds and other institutional investors own 74.32% of the company's stock.
Get Kimberly-Clark alerts:Kimberly-Clark Trading Up 0.9 %
NYSE:KMB opened at $135.66 on Thursday. The firm has a market cap of $45.80 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 4.77 and a beta of 0.31. The stock has a fifty day moving average price of $131.81 and a 200 day moving average price of $131.02. Kimberly-Clark Co. has a 12-month low of $117.32 and a 12-month high of $145.79. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 10.37.
Kimberly-Clark (NYSE:KMB – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates 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 quarterly revenue was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that Kimberly-Clark Co. will post 5.64 earnings per share for the current fiscal year.Kimberly-Clark Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, September 8th. Kimberly-Clark's dividend payout ratio is currently 87.71%.
Wall Street Analyst Weigh In
KMB has been the topic of several recent analyst reports. Morgan Stanley increased their price objective on Kimberly-Clark from $133.00 to $137.00 and gave the company an "equal weight" rating in a research report on Monday, April 25th. Barclays dropped their price objective on Kimberly-Clark from $129.00 to $124.00 and set an "equal weight" rating for the company in a report on Monday, May 23rd. Royal Bank of Canada boosted their price objective on Kimberly-Clark from $122.00 to $124.00 and gave the company a "sector perform" rating in a report on Monday, April 25th. Wells Fargo & Company boosted their price objective on Kimberly-Clark from $128.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, April 25th. Finally, UBS Group boosted their price objective on Kimberly-Clark from $136.00 to $142.00 and gave the company a "neutral" rating in a report 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $131.14.
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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