Argent Trust Co lowered its stake in Kimberly Clark Corp (NYSE:KMB) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,076 shares of the company’s stock after selling 297 shares during the period. Argent Trust Co’s holdings in Kimberly Clark were worth $905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in KMB. John W. Brooker & Co. CPAs purchased a new stake in shares of Kimberly Clark during the fourth quarter worth approximately $25,000. Princeton Global Asset Management LLC purchased a new position in Kimberly Clark in the fourth quarter worth approximately $26,000. Moser Wealth Advisors LLC acquired a new position in Kimberly Clark during the 4th quarter worth approximately $28,000. Sailer Financial LLC purchased a new stake in shares of Kimberly Clark in the 4th quarter valued at approximately $28,000. Finally, Red Door Wealth Management LLC acquired a new stake in shares of Kimberly Clark in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 72.55% of the company’s stock.
Several equities analysts recently commented on the company. Morgan Stanley increased their target price on Kimberly Clark from $133.00 to $146.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Deutsche Bank increased their price objective on Kimberly Clark from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Barclays reaffirmed a “buy” rating and issued a $143.00 price target on shares of Kimberly Clark in a report on Tuesday, April 7th. Finally, Citigroup raised their price objective on shares of Kimberly Clark from $123.00 to $135.00 and gave the stock a “sell” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $146.70.
NYSE KMB traded up $2.28 on Friday, reaching $139.74. The stock had a trading volume of 1,442,456 shares, compared to its average volume of 1,705,895. The stock has a market cap of $46.81 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 3.59 and a beta of 0.49. Kimberly Clark Corp has a 12-month low of $110.66 and a 12-month high of $149.23. The business’s 50-day moving average price is $136.74 and its 200 day moving average price is $136.98. The company has a debt-to-equity ratio of 156.74, a quick ratio of 0.63 and a current ratio of 0.87.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Wednesday, April 22nd. The company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.15. Kimberly Clark had a net margin of 12.55% and a return on equity of 2,686.77%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.84 billion. During the same period in the previous year, the company posted $1.66 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that Kimberly Clark Corp will post 7.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $4.28 dividend on an annualized basis and a yield of 3.06%. Kimberly Clark’s dividend payout ratio is presently 62.12%.
In other Kimberly Clark news, SVP J. Scott Boston sold 13,388 shares of Kimberly Clark stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $141.00, for a total value of $1,887,708.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kimberly K. Underhill sold 4,679 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $139.00, for a total value of $650,381.00. Following the completion of the transaction, the insider now directly owns 42,643 shares in the company, valued at approximately $5,927,377. The disclosure for this sale can be found here. Insiders sold 42,536 shares of company stock valued at $5,969,866 over the last ninety days. Corporate insiders own 0.72% of the company’s stock.
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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