M&T Bank Corp Cuts Holdings in Kimberly Clark Corp (KMB)

M&T Bank Corp lowered its position in shares of Kimberly Clark Corp (NYSE:KMB) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,945 shares of the company’s stock after selling 7,250 shares during the quarter. M&T Bank Corp’s holdings in Kimberly Clark were worth $18,225,000 at the end of the most recent quarter.

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

Shares of KMB stock opened at $115.69 on Monday. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $120.48. The company has a market capitalization of $39.85 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.77 and a quick ratio of 0.49.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data 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). Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the company earned $1.57 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that Kimberly Clark Corp will post 6.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.56%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, March 7th. Kimberly Clark’s dividend payout ratio is 60.51%.

Several equities analysts have recently commented on the company. ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Morgan Stanley set a $107.00 target price on Kimberly Clark and gave the company a “sell” rating in a report on Thursday, December 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a $100.00 target price on shares of Kimberly Clark in a report on Monday, October 22nd. Wells Fargo & Co upped their target price on Kimberly Clark from $97.00 to $105.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. Finally, Citigroup upped their target price on Kimberly Clark from $93.00 to $95.00 and gave the company a “sell” rating in a report on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $110.00.

In related news, SVP Jeffrey P. Melucci sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total value of $111,180.00. Following the completion of the transaction, the senior vice president now directly owns 4,132 shares of the company’s stock, valued at approximately $459,395.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael T. Azbell sold 13,565 shares of the stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $115.00, for a total value of $1,559,975.00. Following the completion of the transaction, the vice president now directly owns 6,432 shares of the company’s stock, valued at $739,680. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

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Kimberly Clark Company 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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