Kimberly Clark Corp (KMB) Shares Sold by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. cut its position in Kimberly Clark Corp (NYSE:KMB) by 37.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,550 shares of the company’s stock after selling 1,500 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Kimberly Clark were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in KMB. Martin Investment Management LLC acquired a new stake in Kimberly Clark in the second quarter valued at approximately $443,000. Capital Research Global Investors increased its position in Kimberly Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares during the period. Pax World Management LLC increased its position in Kimberly Clark by 7.7% during the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after acquiring an additional 200 shares during the period. Boston Family Office LLC increased its position in Kimberly Clark by 0.8% during the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after acquiring an additional 90 shares during the period. Finally, Strategy Asset Managers LLC increased its position in Kimberly Clark by 80.0% during the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after acquiring an additional 1,390 shares during the period. 74.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kimberly Clark Corp (NYSE:KMB) opened at $112.96 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34. The stock has a market capitalization of $39,650.85, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.04 and a beta of 0.69. Kimberly Clark Corp has a twelve month low of $109.51 and a twelve month high of $135.22.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter last year, the business earned $1.45 earnings per share. Kimberly Clark’s revenue was up .8% on a year-over-year basis. equities research analysts expect that Kimberly Clark Corp will post 7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be paid a $1.00 dividend. The ex-dividend date is Thursday, March 8th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a yield of 3.54%. Kimberly Clark’s payout ratio is 62.40%.

In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by insiders.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a report on Wednesday, January 10th. Citigroup set a $112.00 target price on shares of Kimberly Clark and gave the company a “sell” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank initiated coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $125.87.

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Kimberly Clark Company Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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