Spring Capital Management LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,957 shares of the company's stock after selling 447 shares during the quarter. Kimberly-Clark accounts for about 2.9% of Spring Capital Management LLC's holdings, making the stock its 18th largest position. Spring Capital Management LLC's holdings in Kimberly-Clark were worth $3,388,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of KMB. Cowa LLC purchased a new stake in shares of Kimberly-Clark during the first quarter valued at approximately $54,000. Federated Hermes Inc. increased its position in Kimberly-Clark by 44.6% in the second quarter. Federated Hermes Inc. now owns 2,498,984 shares of the company's stock worth $337,738,000 after buying an additional 770,620 shares during the last quarter. Prudential Financial Inc. increased its position in Kimberly-Clark by 202.4% in the second quarter. Prudential Financial Inc. now owns 975,388 shares of the company's stock worth $131,818,000 after buying an additional 652,880 shares during the last quarter. State Street Corp increased its position in Kimberly-Clark by 3.4% in the second quarter. State Street Corp now owns 18,658,870 shares of the company's stock worth $2,542,866,000 after buying an additional 606,657 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Kimberly-Clark by 1.7% in the third quarter. Vanguard Group Inc. now owns 29,125,608 shares of the company's stock worth $3,277,796,000 after buying an additional 489,598 shares during the last quarter. 74.16% of the stock is owned by hedge funds and other institutional investors.
Get Kimberly-Clark alerts:Kimberly-Clark Price Performance
NYSE:KMB traded up $1.78 during trading hours on Friday, hitting $129.15. 364,390 shares of the company's stock traded hands, compared to its average volume of 1,728,567. The firm has a market cap of $43.58 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.19 and a beta of 0.39. Kimberly-Clark Co. has a 52 week low of $108.74 and a 52 week high of $144.53. The business's fifty day simple moving average is $128.63 and its two-hundred day simple moving average is $127.57. The company has a quick ratio of 0.47, a current ratio of 0.78 and a debt-to-equity ratio of 10.83.
Kimberly-Clark (NYSE:KMB – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.03. Kimberly-Clark had a return on equity of 264.67% and a net margin of 9.59%. The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the company earned $1.30 earnings per share. The firm's quarterly revenue was up .0% on a year-over-year basis. On average, research analysts anticipate that Kimberly-Clark Co. will post 5.92 earnings per share for the current fiscal year.
Kimberly-Clark Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 10th will be paid a dividend of $1.18 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $4.72 annualized dividend and a yield of 3.65%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.16. Kimberly-Clark's payout ratio is 82.52%.
Analyst Ratings Changes
KMB has been the subject of a number of recent research reports. UBS Group raised their target price on Kimberly-Clark from $129.00 to $136.00 and gave the stock a "neutral" rating in a research report on Monday, January 23rd. Deutsche Bank Aktiengesellschaft raised Kimberly-Clark from a "sell" rating to a "hold" rating and raised their target price for the stock from $122.00 to $123.00 in a research report on Monday. StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Friday. Barclays cut their price target on Kimberly-Clark from $146.00 to $126.00 and set an "equal weight" rating for the company in a report on Friday, January 27th. Finally, Wells Fargo & Company cut their price target on Kimberly-Clark from $135.00 to $125.00 and set an "equal weight" rating for the company in a report on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and an average price target of $128.09.
About Kimberly-Clark
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Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
Further Reading
- Get a free copy of the StockNews.com research report on Kimberly-Clark (KMB)
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