apricus wealth LLC lifted its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 56.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,882 shares of the company’s stock after buying an additional 15,545 shares during the quarter. Kimberly-Clark makes up 2.0% of apricus wealth LLC’s investment portfolio, making the stock its 14th largest position. apricus wealth LLC’s holdings in Kimberly-Clark were worth $4,137,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its position in Kimberly-Clark by 26,997.7% during the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock worth $743,399,000 after acquiring an additional 7,341,215 shares during the last quarter. Norges Bank purchased a new position in shares of Kimberly-Clark during the 4th quarter worth $521,184,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Kimberly-Clark by 50.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after purchasing an additional 2,628,206 shares during the period. State Street Corp boosted its holdings in shares of Kimberly-Clark by 5.0% during the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after purchasing an additional 997,397 shares during the last quarter. Finally, TOMS Capital Investment Management LP acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $92,314,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.
Insider Buying and Selling
In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Report on Kimberly-Clark
Kimberly-Clark Stock Performance
Shares of NASDAQ:KMB opened at $109.37 on Friday. The firm has a market capitalization of $36.30 billion, a PE ratio of 17.17, a P/E/G ratio of 4.90 and a beta of 0.28. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The business has a 50-day moving average of $99.34 and a two-hundred day moving average of $100.79. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $137.46.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 EPS. As a group, research analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.
Kimberly-Clark Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 80.38%.
About Kimberly-Clark
Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.
Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.
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