Kimberly Clark Corp (KMB) Stake Cut by Putnam Investments LLC

Putnam Investments LLC lowered its stake in Kimberly Clark Corp (NYSE:KMB) by 0.5% during the fourth quarter, Holdings Channel reports. The fund owned 203,919 shares of the company’s stock after selling 929 shares during the period. Putnam Investments LLC’s holdings in Kimberly Clark Corp were worth $23,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BKS Advisors LLC boosted its position in shares of Kimberly Clark Corp by 0.3% in the third quarter. BKS Advisors LLC now owns 1,898 shares of the company’s stock valued at $239,000 after buying an additional 5 shares during the last quarter. Delta Asset Management LLC TN boosted its position in shares of Kimberly Clark Corp by 0.4% in the third quarter. Delta Asset Management LLC TN now owns 2,740 shares of the company’s stock valued at $346,000 after buying an additional 10 shares during the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of Kimberly Clark Corp by 0.7% in the third quarter. Ausdal Financial Partners Inc. now owns 2,040 shares of the company’s stock valued at $257,000 after buying an additional 15 shares during the last quarter. Nwam LLC boosted its position in shares of Kimberly Clark Corp by 1.1% in the third quarter. Nwam LLC now owns 1,649 shares of the company’s stock valued at $208,000 after buying an additional 18 shares during the last quarter. Finally, FTB Advisors Inc. boosted its position in shares of Kimberly Clark Corp by 1.2% in the third quarter. FTB Advisors Inc. now owns 1,761 shares of the company’s stock valued at $218,000 after buying an additional 21 shares during the last quarter. Institutional investors and hedge funds own 68.65% of the company’s stock.

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

Shares of Kimberly Clark Corp (NYSE:KMB) opened at 132.36 on Tuesday. The firm has a 50-day moving average of $130.88 and a 200-day moving average of $121.14. Kimberly Clark Corp has a 52 week low of $111.30 and a 52 week high of $138.87. The firm has a market cap of $47.16 billion, a PE ratio of 22.10 and a beta of 0.65.

Kimberly Clark Corp (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 24th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.03. The company earned $4.50 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly Clark Corp had a net margin of 11.90% and a return on equity of 614.22%. Kimberly Clark Corp’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.42 EPS. On average, analysts expect that Kimberly Clark Corp will post $6.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $3.88 annualized dividend and a dividend yield of 2.93%. This is a positive change from Kimberly Clark Corp’s previous quarterly dividend of $0.92. Kimberly Clark Corp’s payout ratio is currently 61.54%.

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Several research analysts recently commented on the stock. Barclays PLC set a $135.00 target price on shares of Kimberly Clark Corp and gave the stock a “hold” rating in a report on Saturday, February 18th. B. Riley restated a “neutral” rating and set a $128.00 target price on shares of Kimberly Clark Corp in a report on Monday, January 30th. Vetr upgraded shares of Kimberly Clark Corp from a “hold” rating to a “buy” rating and set a $141.50 target price for the company in a report on Monday. Royal Bank of Canada restated a “hold” rating and set a $121.00 target price on shares of Kimberly Clark Corp in a report on Thursday, March 23rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Kimberly Clark Corp in a report on Tuesday, March 21st. They set a “neutral” rating and a $139.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $133.95.

In other news, insider Kimberly K. Underhill sold 4,000 shares of Kimberly Clark Corp stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $120.95, for a total value of $483,800.00. Following the completion of the sale, the insider now owns 17,912 shares in the company, valued at approximately $2,166,456.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.

About Kimberly Clark Corp

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.

5 Day Chart for NYSE:KMB

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