Buckhead Capital Management LLC Raises Stake in Kimberly Clark Corp (KMB)
Buckhead Capital Management LLC lifted its position in shares of Kimberly Clark Corp (NYSE:KMB) by 36.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,907 shares of the company’s stock after purchasing an additional 2,130 shares during the period. Buckhead Capital Management LLC’s holdings in Kimberly Clark were worth $954,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of KMB. Capital Research Global Investors grew its holdings in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Kimberly Clark by 5,178.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after purchasing an additional 2,429,085 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Kimberly Clark by 305.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after purchasing an additional 1,514,722 shares during the period. Stifel Financial Corp grew its holdings in shares of Kimberly Clark by 29,110.9% during the 3rd quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock worth $91,647,000 after purchasing an additional 775,805 shares during the period. Finally, APG Asset Management N.V. grew its holdings in shares of Kimberly Clark by 35.9% during the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after purchasing an additional 723,800 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a report on Wednesday, January 10th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and upped their price target for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Citigroup set a $112.00 price target on Kimberly Clark and gave the stock a “sell” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank assumed coverage on Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $126.44.
Kimberly Clark (NYSE:KMB) last released its earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. equities analysts forecast that Kimberly Clark Corp will post 6.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be paid a dividend of $1.00 per share. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s dividend payout ratio is 60.53%.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the transaction, the insider now directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.
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About Kimberly Clark
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.
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