Stony Point Wealth Management Inc. bought a new position in shares of Kimberly Clark Corp (NYSE:KMB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,728 shares of the company’s stock, valued at approximately $450,000.
A number of other hedge funds also recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA boosted its stake in Kimberly Clark by 2,385.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after buying an additional 954 shares in the last quarter. Truewealth LLC acquired a new stake in Kimberly Clark during the fourth quarter worth $123,000. Shamrock Asset Management LLC boosted its stake in Kimberly Clark by 220.5% during the fourth quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock worth $134,000 after buying an additional 763 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in Kimberly Clark during the second quarter worth $150,000. Finally, Aevitas Wealth Management Inc. acquired a new stake in Kimberly Clark during the fourth quarter worth $156,000. 74.48% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the business’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 owns 31,141 shares in the company, valued at approximately $3,729,757.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.
Shares of Kimberly Clark stock opened at $108.40 on Thursday. Kimberly Clark Corp has a 52 week low of $107.60 and a 52 week high of $134.34. 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 company has a market cap of $38,619.78, a price-to-earnings ratio of 17.68, a PEG ratio of 1.99 and a beta of 0.69.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the company earned $1.45 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. sell-side analysts expect that Kimberly Clark Corp will post 7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, March 8th. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s payout ratio is currently 62.40%.
KMB has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target on the stock. in a research note on Monday, December 11th. Barclays set a $119.00 price target on shares of Kimberly Clark and gave the stock a “hold” rating in a research note on Thursday, March 15th. Finally, Deutsche Bank initiated coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. Kimberly Clark presently has a consensus rating of “Hold” and an average target price of $125.44.
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Kimberly Clark Company 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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