Fiduciary Group LLC decreased its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 3.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,429 shares of the company’s stock after selling 105 shares during the period. Fiduciary Group LLC’s holdings in Kimberly Clark were worth $438,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SignalPoint Asset Management LLC lifted its holdings in Kimberly Clark by 3.2% during the 4th quarter. SignalPoint Asset Management LLC now owns 2,387 shares of the company’s stock worth $328,000 after purchasing an additional 73 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in Kimberly Clark by 9.1% during the 4th quarter. Benjamin Edwards Inc. now owns 878 shares of the company’s stock worth $121,000 after purchasing an additional 73 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in Kimberly Clark by 2.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 3,655 shares of the company’s stock worth $503,000 after purchasing an additional 74 shares in the last quarter. Country Club Trust Company n.a. lifted its holdings in Kimberly Clark by 1.6% during the 4th quarter. Country Club Trust Company n.a. now owns 4,830 shares of the company’s stock worth $661,000 after purchasing an additional 75 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Kimberly Clark by 3.8% in the 4th quarter. Global Retirement Partners LLC now owns 2,057 shares of the company’s stock valued at $283,000 after acquiring an additional 75 shares in the last quarter. 72.55% of the stock is currently owned by institutional investors and hedge funds.
KMB has been the topic of several recent analyst reports. Deutsche Bank raised their price target on Kimberly Clark from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Barclays reaffirmed a “buy” rating and issued a $143.00 price target on shares of Kimberly Clark in a report on Tuesday, April 7th. Jefferies Financial Group raised their price target on Kimberly Clark from $149.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $149.00 price target on shares of Kimberly Clark in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Kimberly Clark currently has an average rating of “Hold” and an average price target of $146.70.
In other news, insider Kimberly K. Underhill sold 4,679 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $139.00, for a total value of $650,381.00. Following the sale, the insider now directly owns 42,643 shares in the company, valued at approximately $5,927,377. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,536 shares of company stock worth $5,969,866. 0.72% of the stock is owned by corporate insiders.
Shares of Kimberly Clark stock traded up $2.28 during trading on Friday, hitting $139.74. 1,442,456 shares of the stock traded hands, compared to its average volume of 1,705,895. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 156.74. The stock has a market cap of $46.81 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 3.59 and a beta of 0.49. The firm’s fifty day moving average is $136.74 and its 200-day moving average is $136.98. Kimberly Clark Corp has a 52 week low of $110.66 and a 52 week high of $149.23.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.98 by $0.15. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $4.84 billion. Kimberly Clark had a return on equity of 2,686.77% and a net margin of 12.55%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.66 EPS. On average, analysts forecast that Kimberly Clark Corp will post 7.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $1.07 per share. The ex-dividend date is Thursday, June 4th. This represents a $4.28 annualized dividend and a yield of 3.06%. Kimberly Clark’s payout ratio is 62.12%.
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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