Fiera Capital Corp boosted its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 962.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,410 shares of the company’s stock after purchasing an additional 14,866 shares during the period. Fiera Capital Corp’s holdings in Kimberly Clark were worth $2,098,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of KMB. Norges Bank bought a new position in Kimberly Clark during the fourth quarter valued at approximately $526,300,000. Acadian Asset Management LLC purchased a new stake in Kimberly Clark during the fourth quarter valued at approximately $68,194,000. FIL Ltd increased its holdings in Kimberly Clark by 34.9% during the fourth quarter. FIL Ltd now owns 1,717,864 shares of the company’s stock valued at $236,292,000 after buying an additional 444,767 shares during the last quarter. Cullen Capital Management LLC increased its holdings in Kimberly Clark by 96.9% during the first quarter. Cullen Capital Management LLC now owns 815,567 shares of the company’s stock valued at $104,287,000 after buying an additional 401,292 shares during the last quarter. Finally, Eaton Vance Management increased its holdings in Kimberly Clark by 293.8% during the fourth quarter. Eaton Vance Management now owns 513,652 shares of the company’s stock valued at $70,653,000 after buying an additional 383,215 shares during the last quarter. Institutional investors own 72.55% of the company’s stock.
In related news, SVP J. Scott Boston sold 13,388 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $141.00, for a total transaction of $1,887,708.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kimberly K. Underhill sold 4,679 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $139.00, for a total transaction of $650,381.00. Following the transaction, the insider now owns 42,643 shares of the company’s stock, valued at approximately $5,927,377. The disclosure for this sale can be found here. Insiders have sold 42,536 shares of company stock valued at $5,969,866 over the last ninety days. 0.72% of the stock is currently owned by corporate insiders.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Wednesday, April 22nd. The company reported $2.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.15. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Kimberly Clark had a net margin of 12.55% and a return on equity of 2,686.77%. Kimberly Clark’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.66 earnings per share. On average, research analysts expect that Kimberly Clark Corp will post 7.57 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $4.28 annualized dividend and a yield of 3.06%. Kimberly Clark’s payout ratio is 62.12%.
A number of brokerages have commented on KMB. Royal Bank of Canada reaffirmed a “hold” rating and set a $149.00 target price on shares of Kimberly Clark in a report on Wednesday, April 22nd. Morgan Stanley upped their target price on shares of Kimberly Clark from $133.00 to $146.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Citigroup upped their target price on shares of Kimberly Clark from $123.00 to $135.00 and gave the company a “sell” rating in a report on Friday, January 24th. Deutsche Bank upped their target price on shares of Kimberly Clark from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Finally, Jefferies Financial Group increased their price objective on shares of Kimberly Clark from $149.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $146.70.
About Kimberly Clark
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.
See Also: Net Income
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