Parallel Advisors LLC Grows Holdings in Kimberly Clark Corp (KMB)

Parallel Advisors LLC boosted its holdings in Kimberly Clark Corp (NYSE:KMB) by 10.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,762 shares of the company’s stock after acquiring an additional 168 shares during the period. Parallel Advisors LLC’s holdings in Kimberly Clark were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Kimberly Clark by 1.0% in the third quarter. Vanguard Group Inc. now owns 26,068,811 shares of the company’s stock valued at $2,962,461,000 after buying an additional 264,393 shares during the last quarter. Vanguard Group Inc lifted its stake in Kimberly Clark by 1.0% in the third quarter. Vanguard Group Inc now owns 26,068,811 shares of the company’s stock valued at $2,962,461,000 after buying an additional 264,393 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Kimberly Clark by 6.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,135,206 shares of the company’s stock valued at $583,564,000 after buying an additional 325,606 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Kimberly Clark by 10.9% in the third quarter. Bank of New York Mellon Corp now owns 4,844,101 shares of the company’s stock valued at $550,483,000 after buying an additional 477,773 shares during the last quarter. Finally, 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 buying an additional 1,595,818 shares during the last quarter. 73.58% of the stock is owned by hedge funds and other institutional investors.

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Shares of NYSE KMB opened at $118.44 on Friday. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $120.48. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. The stock has a market cap of $40.80 billion, a P/E ratio of 17.92, a P/E/G ratio of 3.21 and a beta of 0.57.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Wednesday, January 23rd. The company reported $1.60 EPS for the quarter, missing the consensus estimate 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 quarter last year, the firm posted $1.57 earnings per share. Kimberly Clark’s revenue was down .7% compared to the same quarter last year. As a group, analysts predict that Kimberly Clark Corp will post 6.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be given a $1.03 dividend. The ex-dividend date is Thursday, March 7th. This is a boost from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.48%. Kimberly Clark’s payout ratio is 60.51%.

In other Kimberly Clark news, insider Anthony J. Palmer sold 6,122 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $115.11, for a total value of $704,703.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Michael T. Azbell sold 13,565 shares of the business’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the completion of the sale, the vice president now owns 6,432 shares in the company, valued at $739,680. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on KMB shares. Jefferies Financial Group reiterated a “hold” rating and issued a $100.00 target price on shares of Kimberly Clark in a research note on Monday, October 22nd. Morgan Stanley set a $100.00 price objective on shares of Kimberly Clark and gave the company a “sell” rating in a research note on Tuesday, October 23rd. JPMorgan Chase & Co. upgraded shares of Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price objective on the stock in a research note on Friday, January 18th. Citigroup lifted their price objective on shares of Kimberly Clark from $93.00 to $95.00 and gave the company a “sell” rating in a research note on Wednesday, October 24th. Finally, ValuEngine cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Kimberly Clark presently has a consensus rating of “Hold” and a consensus target price of $113.19.

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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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