First Trust Advisors LP raised its position in shares of Kimberly Clark Corp (NYSE:KMB) by 37.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 385,486 shares of the company’s stock after purchasing an additional 105,448 shares during the period. First Trust Advisors LP’s holdings in Kimberly Clark were worth $46,513,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. San Francisco Sentry Investment Group CA grew its stake in shares of 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 during the last quarter. Heritage Trust Co grew its stake in shares of Kimberly Clark by 11.2% during the second 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. Shamrock Asset Management LLC grew its stake in shares of 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 during the last quarter. Mosaic Family Wealth LLC grew its stake in shares of Kimberly Clark by 0.5% during the second 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, Acrospire Investment Management LLC grew its stake in shares of Kimberly Clark by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 72.97% of the company’s stock.
Shares of Kimberly Clark Corp (NYSE KMB) opened at $116.10 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34. Kimberly Clark Corp has a one year low of $109.51 and a one year high of $136.21. The firm has a market cap of $40,717.00, a price-to-earnings ratio of 18.64, a P/E/G ratio of 2.10 and a beta of 0.66.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, topping the 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 analysts’ expectations of $4.61 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. Kimberly Clark’s revenue for the quarter was up .8% on a year-over-year basis. analysts forecast that Kimberly Clark Corp will post 6.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be paid a $1.00 dividend. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 8th. This represents a $4.00 annualized dividend and a dividend yield of 3.45%. Kimberly Clark’s payout ratio is currently 60.53%.
In related 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 of the company’s stock, valued at $3,729,757.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.
A number of research firms have weighed in on KMB. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research note on Wednesday, January 10th. Citigroup set a $112.00 target price on shares of Kimberly Clark and gave the stock a “sell” rating in a research note on Wednesday, January 24th. Bank of America decreased their target price on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Finally, Wells Fargo & Co decreased their target price on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $125.87.
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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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