Sawyer & Company Inc reduced its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,264 shares of the company’s stock after selling 166 shares during the quarter. Sawyer & Company Inc’s holdings in Kimberly-Clark were worth $986,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of KMB. New Millennium Group LLC bought a new position in Kimberly-Clark in the 2nd quarter valued at about $27,000. Wagner Wealth Management LLC bought a new position in Kimberly-Clark in the 2nd quarter valued at about $28,000. Newbridge Financial Services Group Inc. increased its holdings in Kimberly-Clark by 103.4% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 364 shares of the company’s stock valued at $41,000 after buying an additional 185 shares during the period. Carolinas Wealth Consulting LLC increased its holdings in Kimberly-Clark by 5,145.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 13,165 shares of the company’s stock valued at $48,000 after buying an additional 12,914 shares during the period. Finally, Missouri Trust & Investment Co grew its holdings in shares of Kimberly-Clark by 72.7% during the 3rd quarter. Missouri Trust & Investment Co now owns 475 shares of the company’s stock valued at $53,000 after purchasing an additional 200 shares during the last quarter. 74.16% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
KMB has been the topic of several research reports. UBS Group lifted their price target on shares of Kimberly-Clark from $129.00 to $136.00 and gave the company a “neutral” rating in a report on Monday, January 23rd. StockNews.com initiated coverage on shares of Kimberly-Clark in a report on Thursday. They set a “hold” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $124.00 to $125.00 and gave the company an “underweight” rating in a report on Thursday, January 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kimberly-Clark from $124.00 to $122.00 in a report on Thursday, January 26th. Finally, Jefferies Financial Group lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and lifted their price target for the company from $137.00 to $139.00 in a report on Wednesday, January 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $128.00.
Kimberly-Clark Stock Down 1.2 %
Kimberly-Clark (NYSE:KMB – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a net margin of 9.59% and a return on equity of 264.67%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.30 EPS. On average, research analysts anticipate that Kimberly-Clark Co. will post 5.92 earnings per share for the current year.
Kimberly-Clark Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th will be given a $1.18 dividend. The ex-dividend date is Thursday, March 9th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.76%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.16. Kimberly-Clark’s payout ratio is 82.52%.
Kimberly-Clark Profile
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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