Spring Capital Management LLC Grows Holdings in Kimberly-Clark Co. (NYSE:KMB)

Spring Capital Management LLC grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,922 shares of the company’s stock after buying an additional 995 shares during the quarter. Kimberly-Clark accounts for 2.0% of Spring Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Spring Capital Management LLC’s holdings in Kimberly-Clark were worth $3,397,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp raised its position in Kimberly-Clark by 5.9% during the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after purchasing an additional 1,083,824 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Kimberly-Clark by 1,427.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock valued at $77,284,000 after purchasing an additional 551,158 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Kimberly-Clark by 48.4% during the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after buying an additional 503,839 shares in the last quarter. Nordea Investment Management AB lifted its position in Kimberly-Clark by 20.4% in the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after buying an additional 464,615 shares during the last quarter. Finally, Ilex Capital Partners UK LLP boosted its stake in Kimberly-Clark by 140.0% in the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company’s stock worth $94,278,000 after buying an additional 386,510 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday. UBS Group lowered their target price on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $143.71.

Kimberly-Clark Trading Up 0.5 %

KMB opened at $127.33 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The stock has a market cap of $42.46 billion, a PE ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41. The business has a 50 day moving average of $132.41 and a 200-day moving average of $137.98.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 earnings per share. Equities research analysts predict that Kimberly-Clark Co. will post 7.31 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.