Strategic Capital Advisers Inc. acquired a new position in Kimberly Clark Corp (NYSE:KMB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,872 shares of the company’s stock, valued at approximately $1,071,000.
Other institutional investors have also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA raised its holdings in shares of Kimberly Clark by 2,385.0% during the 3rd 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 in the last quarter. Truewealth LLC bought a new position in shares of Kimberly Clark during the 4th quarter valued at $123,000. Heritage Trust Co raised its holdings in shares of Kimberly Clark by 11.2% during the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after purchasing an additional 100 shares in the last quarter. Shamrock Asset Management LLC raised its holdings in shares of Kimberly Clark by 220.5% during the 4th quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock valued at $134,000 after purchasing an additional 763 shares in the last quarter. Finally, MPS Loria Financial Planners LLC bought a new position in shares of Kimberly Clark during the 2nd quarter valued at $150,000. 74.57% of the stock is owned by hedge funds and other institutional investors.
Kimberly Clark Corp (KMB) traded down $1.88 during midday trading on Wednesday, reaching $111.08. 2,500,433 shares of the company’s stock traded hands, compared to its average volume of 2,482,676. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34. The firm has a market cap of $39,450.00, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 2.04 and a beta of 0.69. Kimberly Clark Corp has a 52 week low of $109.51 and a 52 week high of $135.22.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.03. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS. sell-side analysts forecast that Kimberly Clark Corp will post 7 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.60%. This is a positive change 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 (DPR) is currently 64.62%.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.
Several research analysts recently commented on the stock. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a report on Monday, December 11th. Deutsche Bank assumed coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. Kimberly Clark presently has a consensus rating of “Hold” and a consensus target price of $125.87.
About Kimberly Clark
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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