Usca Ria LLC reduced its holdings in shares of Kimberly-Clark (NYSE:KMB) by 31.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,982 shares of the company’s stock after selling 14,942 shares during the quarter. Usca Ria LLC’s holdings in Kimberly-Clark were worth $3,522,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. CNB Bank bought a new stake in Kimberly-Clark during the fourth quarter worth $105,000. Truewealth LLC bought a new stake in Kimberly-Clark during the fourth quarter worth $123,000. Shamrock Asset Management LLC lifted its holdings 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 acquiring an additional 763 shares during the period. Aevitas Wealth Management Inc. bought a new stake in Kimberly-Clark during the fourth quarter worth $156,000. Finally, QCI Asset Management Inc. NY lifted its holdings in Kimberly-Clark by 134.7% during the fourth quarter. QCI Asset Management Inc. NY now owns 1,631 shares of the company’s stock worth $197,000 after acquiring an additional 936 shares during the period. Institutional investors and hedge funds own 75.96% of the company’s stock.
A number of brokerages recently commented on KMB. Zacks Investment Research lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Sanford C. Bernstein reiterated a “market perform” rating and set a $110.00 price target (down from $115.00) on shares of Kimberly-Clark in a report on Tuesday, April 24th. Barclays reiterated a “hold” rating and set a $113.00 price target on shares of Kimberly-Clark in a report on Wednesday, April 25th. Royal Bank of Canada restated an “in-line” rating on shares of Kimberly-Clark in a research note on Tuesday, April 24th. Finally, Citigroup set a $112.00 target price on Kimberly-Clark and gave the company a “sell” rating in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $119.33.
In related news, Director Robert W. Decherd purchased 2,000 shares of Kimberly-Clark stock in a transaction dated Tuesday, April 24th. The stock was bought at an average cost of $100.05 per share, for a total transaction of $200,100.00. Following the completion of the transaction, the director now owns 45,444 shares in the company, valued at $4,546,672.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by insiders.
Shares of KMB opened at $104.46 on Friday. The firm has a market capitalization of $36.64 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 2.12 and a beta of 0.66. The company has a debt-to-equity ratio of 10.96, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark has a 1 year low of $103.88 and a 1 year high of $105.02.
Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, April 23rd. The company reported $1.71 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.71. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly-Clark had a return on equity of 398.41% and a net margin of 9.77%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share. research analysts anticipate that Kimberly-Clark will post 6.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Friday, June 8th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Thursday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.21%.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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