Stone Ridge Asset Management LLC acquired a new position in Kimberly Clark Corp (NYSE:KMB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,273 shares of the company’s stock, valued at approximately $998,000.
Several other institutional investors have also recently modified their holdings of KMB. San Francisco Sentry Investment Group CA raised its position in shares of Kimberly Clark by 2,385.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after purchasing an additional 954 shares during the last quarter. Truewealth LLC acquired a new position in shares of Kimberly Clark during the 4th quarter worth about $123,000. Shamrock Asset Management LLC raised its position in shares of Kimberly Clark by 220.5% during the 4th quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock worth $134,000 after purchasing an additional 763 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of Kimberly Clark during the 2nd quarter worth about $150,000. Finally, Acrospire Investment Management LLC raised its position in shares of Kimberly Clark by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 74.57% of the company’s stock.
In related news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.
Shares of Kimberly Clark Corp (NYSE KMB) opened at $112.02 on Friday. Kimberly Clark Corp has a one year low of $109.51 and a one year high of $135.13. The stock has a market cap of $39,286.09, a PE ratio of 17.48, a P/E/G ratio of 2.02 and a beta of 0.69. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter in the prior year, the company earned $1.45 EPS. Kimberly Clark’s revenue was up .8% compared to the same quarter last year. equities analysts expect that Kimberly Clark Corp will post 7 earnings per share 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 dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio is currently 62.40%.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a research report on Wednesday, January 10th. Deutsche Bank assumed coverage on shares of Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target for the company. Barclays set a $119.00 price target on shares of Kimberly Clark and gave the stock a “hold” rating in a research report on Thursday. Finally, Citigroup set a $112.00 price target on shares of Kimberly Clark and gave the stock a “sell” rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $125.44.
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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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