Schnieders Capital Management LLC trimmed its position in Kimberly-Clark (NYSE:KMB) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,566 shares of the company’s stock after selling 1,232 shares during the quarter. Schnieders Capital Management LLC’s holdings in Kimberly-Clark were worth $2,375,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. CNB Bank acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $105,000. Centerpoint Advisors LLC boosted its holdings in shares of Kimberly-Clark by 999.0% in the first quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock worth $121,000 after buying an additional 999 shares during the period. Truewealth LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $123,000. Lee Financial Co boosted its holdings in shares of Kimberly-Clark by 313.8% in the first quarter. Lee Financial Co now owns 1,167 shares of the company’s stock worth $128,000 after buying an additional 885 shares during the period. Finally, Shamrock Asset Management LLC boosted its holdings in shares of Kimberly-Clark by 220.5% in 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 during the period. Institutional investors own 73.54% of the company’s stock.
Several brokerages have commented on KMB. Sanford C. Bernstein reiterated a “market perform” rating and issued a $110.00 target price (down from $115.00) on shares of Kimberly-Clark in a report on Tuesday, April 24th. TheStreet cut shares of Kimberly-Clark from a “b” rating to a “c+” rating in a report on Monday, April 23rd. Barclays reiterated a “hold” rating and issued a $113.00 target price on shares of Kimberly-Clark in a report on Wednesday, April 25th. Citigroup set a $94.00 target price on shares of Kimberly-Clark and gave the stock a “sell” rating in a report on Tuesday, April 24th. Finally, ValuEngine cut shares of Kimberly-Clark from a “hold” rating to a “sell” rating in a report on Monday, April 23rd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $119.33.
KMB stock opened at $104.78 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 10.96. The company has a market cap of $36.58 billion, a P/E ratio of 16.82, a P/E/G ratio of 2.12 and a beta of 0.66. Kimberly-Clark has a 52 week low of $97.10 and a 52 week high of $134.29.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, April 23rd. The company reported $1.71 EPS for the quarter, hitting the consensus estimate of $1.71. The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly-Clark had a net margin of 9.77% and a return on equity of 398.41%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $1.57 earnings per share. analysts anticipate that Kimberly-Clark will post 6.94 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 8th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 64.21%.
In other Kimberly-Clark news, Director Robert W. Decherd acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 24th. The shares were purchased at an average price of $100.05 per share, with a total value 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 document filed with the SEC, which is available at this link. 0.64% of the stock is currently owned by company insiders.
Kimberly-Clark Company Profile
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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