Fulton Bank N.A. lowered its holdings in Kimberly Clark Corp (NYSE:KMB) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,780 shares of the company’s stock after selling 3,990 shares during the period. Fulton Bank N.A.’s holdings in Kimberly Clark were worth $2,386,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of KMB. San Francisco Sentry Investment Group CA boosted its holdings in Kimberly Clark by 2,385.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after purchasing an additional 954 shares during the last quarter. Heritage Trust Co lifted its holdings in Kimberly Clark by 11.2% during the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after buying an additional 100 shares during the last quarter. Armbruster Capital Management Inc. lifted its holdings in Kimberly Clark by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after buying an additional 143 shares during the last quarter. Mosaic Family Wealth LLC lifted its holdings in Kimberly Clark by 0.5% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after buying an additional 6 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new position in Kimberly Clark during the 2nd quarter worth approximately $150,000. 71.82% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the sale, the insider now directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.
Shares of Kimberly Clark Corp (NYSE:KMB) traded down $0.25 during trading on Friday, hitting $111.44. The stock had a trading volume of 3,396,343 shares, compared to its average volume of 2,840,000. The company has a debt-to-equity ratio of 7.34, a current ratio of 0.89 and a quick ratio of 0.58. The firm has a market cap of $39,200.00, a PE ratio of 17.41, a price-to-earnings-growth ratio of 2.02 and a beta of 0.66. Kimberly Clark Corp has a fifty-two week low of $109.51 and a fifty-two week high of $136.21.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS. research analysts forecast that Kimberly Clark Corp will post 6.98 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s dividend payout ratio is presently 60.63%.
A number of research analysts have commented on KMB shares. Bank of America reduced their target price on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. JPMorgan Chase & Co. downgraded Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Citigroup reduced their target price on Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Wells Fargo & Co reduced their target price on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Finally, Deutsche Bank started coverage on Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. Kimberly Clark currently has a consensus rating of “Hold” and a consensus price target of $126.44.
Kimberly Clark Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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