Homrich & Berg lifted its position in shares of Kimberly Clark Corp (NYSE:KMB) by 71.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,958 shares of the company’s stock after purchasing an additional 2,891 shares during the quarter. Homrich & Berg’s holdings in Kimberly Clark were worth $840,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Beach Investment Management LLC. purchased a new position in shares of Kimberly Clark during the 2nd quarter valued at approximately $2,440,000. Decatur Capital Management Inc. lifted its position in shares of Kimberly Clark by 30.0% during the 2nd quarter. Decatur Capital Management Inc. now owns 73,640 shares of the company’s stock valued at $9,508,000 after buying an additional 17,015 shares in the last quarter. Intersect Capital LLC lifted its position in shares of Kimberly Clark by 46.4% during the 2nd quarter. Intersect Capital LLC now owns 21,662 shares of the company’s stock valued at $2,797,000 after buying an additional 6,862 shares in the last quarter. Winch Advisory Services LLC lifted its position in shares of Kimberly Clark by 0.6% during the 2nd quarter. Winch Advisory Services LLC now owns 1,404 shares of the company’s stock valued at $181,000 after buying an additional 8 shares in the last quarter. Finally, TRUE Private Wealth Advisors lifted its position in shares of Kimberly Clark by 1.1% during the 2nd quarter. TRUE Private Wealth Advisors now owns 5,657 shares of the company’s stock valued at $735,000 after buying an additional 63 shares in the last quarter. 72.97% of the stock is currently owned by institutional investors and hedge funds.
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 stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now owns 31,141 shares in the company, valued at approximately $3,729,757.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.
Kimberly Clark Corp (KMB) opened at $112.81 on Friday. 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 capitalization of $39,258.06, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.66. Kimberly Clark Corp has a fifty-two week low of $109.51 and a fifty-two week high of $135.69.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 427.79% and a net margin of 12.48%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. equities research analysts forecast that Kimberly Clark Corp will post 6.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $4.00 dividend on an annualized basis and a yield of 3.55%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.53%.
A number of brokerages have recently issued reports on KMB. Citigroup lowered Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research report on Monday, December 11th. Deutsche Bank began coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research report on Wednesday, January 10th. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and increased their target price for the company from $112.05 to $144.00 in a research report on Thursday, November 2nd. Finally, Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $125.87.
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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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