Wedge Capital Management L L P NC Purchases New Holdings in Kimberly Clark Corp (NYSE:KMB)

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Wedge Capital Management L L P NC acquired a new position in Kimberly Clark Corp (NYSE:KMB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 293,669 shares of the company’s stock, valued at approximately $40,394,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Arjuna Capital bought a new stake in shares of Kimberly Clark in the 2nd quarter worth approximately $324,000. Keudell Morrison Wealth Management raised its position in Kimberly Clark by 401.7% in the 2nd quarter. Keudell Morrison Wealth Management now owns 22,918 shares of the company’s stock worth $3,055,000 after purchasing an additional 18,350 shares during the period. Bernardo Wealth Planning LLC raised its position in Kimberly Clark by 6.2% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,113 shares of the company’s stock worth $415,000 after purchasing an additional 182 shares during the period. NumerixS Investment Technologies Inc bought a new stake in Kimberly Clark in the second quarter worth $258,000. Finally, Johnson Investment Counsel Inc. lifted its stake in Kimberly Clark by 2.8% in the second quarter. Johnson Investment Counsel Inc. now owns 18,366 shares of the company’s stock worth $2,447,000 after purchasing an additional 506 shares during the last quarter. 71.77% of the stock is currently owned by institutional investors.

KMB stock opened at $142.16 on Thursday. The stock has a market capitalization of $48.33 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 3.57 and a beta of 0.51. The firm’s 50-day moving average price is $137.23 and its two-hundred day moving average price is $136.65. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 70.43. Kimberly Clark Corp has a 12-month low of $107.44 and a 12-month high of $143.50.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.04. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Kimberly Clark had a return on equity of 93,800.00% and a net margin of 10.96%. Kimberly Clark’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.71 earnings per share. Equities analysts predict that Kimberly Clark Corp will post 6.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a $1.03 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.90%. Kimberly Clark’s dividend payout ratio is currently 62.33%.

KMB has been the topic of a number of recent research reports. Morgan Stanley reduced their price objective on Kimberly Clark from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Barclays raised Kimberly Clark from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $144.00 to $152.00 in a research note on Monday, September 23rd. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 target price for the company in a report on Monday, September 30th. Bank of America upgraded Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Friday, September 27th. Finally, Wells Fargo & Co raised their price target on Kimberly Clark from $130.00 to $132.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $139.50.

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.

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

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