Jarislowsky Fraser Ltd Sells 13,555 Shares of Kimberly Clark Corp (KMB)

Jarislowsky Fraser Ltd decreased its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 164,627 shares of the company’s stock after selling 13,555 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Kimberly Clark were worth $18,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. LSV Asset Management lifted its stake in Kimberly Clark by 293.0% in the third quarter. LSV Asset Management now owns 2,413,025 shares of the company’s stock valued at $274,216,000 after acquiring an additional 1,798,953 shares during the last quarter. Morgan Stanley lifted its stake in Kimberly Clark by 50.8% in the third quarter. Morgan Stanley now owns 4,738,469 shares of the company’s stock valued at $538,482,000 after acquiring an additional 1,595,818 shares during the last quarter. Capital World Investors acquired a new stake in Kimberly Clark in the third quarter valued at $136,368,000. Beutel Goodman & Co Ltd. acquired a new stake in Kimberly Clark in the third quarter valued at $65,232,000. Finally, FMR LLC lifted its stake in Kimberly Clark by 20.1% in the third quarter. FMR LLC now owns 3,826,865 shares of the company’s stock valued at $434,885,000 after acquiring an additional 640,719 shares during the last quarter. Institutional investors and hedge funds own 73.58% of the company’s stock.

In related news, VP Michael T. Azbell sold 13,565 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the transaction, the vice president now directly owns 6,432 shares of the company’s stock, valued at $739,680. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jeffrey P. Melucci sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total transaction of $111,180.00. Following the transaction, the senior vice president now directly owns 4,132 shares in the company, valued at $459,395.76. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

A number of analysts have commented on the stock. Barclays reiterated a “hold” rating and issued a $109.00 price target on shares of Kimberly Clark in a research note on Friday, January 25th. Morgan Stanley upgraded shares of Kimberly Clark from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $107.00 to $113.00 in a research note on Thursday, January 24th. Wells Fargo & Co reiterated a “hold” rating and issued a $105.00 price target on shares of Kimberly Clark in a research note on Wednesday, January 23rd. JPMorgan Chase & Co. upgraded shares of Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price target for the company in a research note on Friday, January 18th. Finally, Zacks Investment Research cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $110.00.

NYSE KMB opened at $115.69 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 51.24. The stock has a market cap of $39.85 billion, a PE ratio of 17.50, a P/E/G ratio of 3.20 and a beta of 0.57. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $120.48.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Wednesday, January 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.08). The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 EPS. As a group, equities research analysts expect that Kimberly Clark Corp will post 6.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from Kimberly Clark’s previous quarterly dividend of $1.00. Kimberly Clark’s dividend payout ratio (DPR) is currently 60.51%.

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Kimberly Clark Profile

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: Depreciation

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

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