Lynch & Associates IN raised its holdings in Kimberly Clark Corp (NYSE:KMB) by 16.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,667 shares of the company’s stock after purchasing an additional 2,486 shares during the quarter. Lynch & Associates IN’s holdings in Kimberly Clark were worth $2,189,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of KMB. Oregon Public Employees Retirement Fund grew its stake in Kimberly Clark by 11,155.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,310,008 shares of the company’s stock worth $38,000 after purchasing an additional 4,271,714 shares in the last quarter. Norges Bank purchased a new stake in Kimberly Clark during the 4th quarter worth about $337,207,000. Ronna Sue Cohen lifted its holdings in Kimberly Clark by 11,510.0% during the 1st quarter. Ronna Sue Cohen now owns 1,730,936 shares of the company’s stock worth $1,731,000 after buying an additional 1,716,027 shares during the last quarter. Morgan Stanley lifted its holdings in Kimberly Clark by 50.8% during the 3rd quarter. Morgan Stanley now owns 4,738,469 shares of the company’s stock worth $538,482,000 after buying an additional 1,595,818 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Kimberly Clark by 1,023.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,429,049 shares of the company’s stock worth $162,826,000 after buying an additional 1,301,816 shares during the last quarter. Institutional investors own 73.60% of the company’s stock.
In other Kimberly Clark news, insider Thomas J. Falk sold 303,578 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $125.66, for a total transaction of $38,147,611.48. Following the sale, the insider now owns 83,717 shares in the company, valued at approximately $10,519,878.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffrey P. Melucci sold 7,903 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.17, for a total value of $1,028,733.51. Following the sale, the senior vice president now owns 15,297 shares in the company, valued at approximately $1,991,210.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 422,528 shares of company stock worth $53,319,131. 0.85% of the stock is owned by insiders.
A number of analysts have issued reports on KMB shares. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a report on Monday, April 15th. Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Tuesday, April 23rd. ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Morgan Stanley boosted their target price on Kimberly Clark from $113.00 to $124.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Finally, Barclays reissued a “hold” rating and issued a $109.00 target price on shares of Kimberly Clark in a report on Friday, January 25th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $120.24.
Shares of KMB traded up $0.90 on Wednesday, reaching $130.98. The stock had a trading volume of 936,076 shares, compared to its average volume of 1,827,753. The stock has a market cap of $44.33 billion, a P/E ratio of 19.82, a P/E/G ratio of 3.76 and a beta of 0.61. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.73 and a quick ratio of 0.47. Kimberly Clark Corp has a twelve month low of $99.36 and a twelve month high of $132.47.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, April 22nd. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.12. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. Research analysts expect that Kimberly Clark Corp will post 6.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, June 6th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.
WARNING: This piece was reported by Sundance Herald and is the sole property of of Sundance Herald. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://sundanceherald.com/2019/05/22/kimberly-clark-corp-kmb-shares-bought-by-lynch-associates-in.html.
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.
Featured Story: What is diluted earnings per share (Diluted EPS)?
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.