Metropolitan Life Insurance Co. NY decreased its stake in Kimberly Clark Corp (NYSE:KMB) by 62.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,983 shares of the company’s stock after selling 112,976 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Kimberly Clark were worth $8,203,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Coldstream Capital Management Inc. grew its stake in shares of Kimberly Clark by 0.3% in the second quarter. Coldstream Capital Management Inc. now owns 1,597 shares of the company’s stock worth $206,000 after acquiring an additional 5 shares during the last quarter. PagnatoKarp Partners LLC grew its stake in shares of Kimberly Clark by 1.6% in the second quarter. PagnatoKarp Partners LLC now owns 2,164 shares of the company’s stock worth $281,000 after acquiring an additional 34 shares during the last quarter. Hall Capital Management Co. Inc. grew its stake in shares of Kimberly Clark by 0.3% in the second quarter. Hall Capital Management Co. Inc. now owns 16,140 shares of the company’s stock worth $2,084,000 after acquiring an additional 45 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Kimberly Clark by 2.5% in the second quarter. Salem Investment Counselors Inc. now owns 3,127 shares of the company’s stock worth $404,000 after acquiring an additional 77 shares during the last quarter. Finally, Laurion Capital Management LP grew its stake in shares of Kimberly Clark by 1.2% in the second quarter. Laurion Capital Management LP now owns 8,287 shares of the company’s stock worth $1,070,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 74.57% of the company’s stock.
Several equities research analysts have recently issued reports on KMB shares. Deutsche Bank started coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective on the stock. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a research note on Monday, December 11th. Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Barclays set a $119.00 price objective on shares of Kimberly Clark and gave the stock a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Kimberly Clark presently has an average rating of “Hold” and an average price target of $125.44.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of Kimberly Clark stock in a transaction on Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by company insiders.
Kimberly Clark Corp (NYSE:KMB) opened at $112.02 on Friday. The company has a market capitalization of $38,907.36, a price-to-earnings ratio of 17.48, a P/E/G ratio of 2.00 and a beta of 0.69. Kimberly Clark Corp has a 12-month low of $109.51 and a 12-month high of $135.13. The company has a debt-to-equity ratio of 7.34, a current ratio of 0.89 and a quick ratio of 0.58.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.54 by $0.03. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. Kimberly Clark’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $1.45 earnings per share. analysts predict that Kimberly Clark Corp will post 7 EPS for the current year.
The business 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 dividend of $1.00 per share. The ex-dividend date is Thursday, March 8th. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.57%. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.40%.
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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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