Metropolitan Life Insurance Co. NY reduced its holdings in Kimberly Clark Corp (NYSE:KMB) by 62.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 67,983 shares of the company’s stock after selling 112,976 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Kimberly Clark were worth $8,203,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. San Francisco Sentry Investment Group CA grew its holdings in Kimberly Clark by 2,385.0% in the third 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 period. Truewealth LLC bought a new position in shares of Kimberly Clark in the fourth quarter valued at $123,000. Shamrock Asset Management LLC lifted its stake 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 valued at $134,000 after buying an additional 763 shares in the last quarter. MPS Loria Financial Planners LLC bought a new position in shares of Kimberly Clark in the second quarter valued at $150,000. Finally, Acrospire Investment Management LLC lifted its stake in shares of Kimberly Clark by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $155,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.
NYSE:KMB traded down $0.81 during midday trading on Friday, reaching $108.60. 1,832,575 shares of the stock traded hands, compared to its average volume of 2,284,678. Kimberly Clark Corp has a 12 month low of $104.58 and a 12 month high of $134.29. 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 $38,086.67, a P/E ratio of 17.43, a P/E/G ratio of 1.96 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. analysts anticipate that Kimberly Clark Corp will post 7 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This is an increase 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 3.68%. Kimberly Clark’s dividend payout ratio is currently 64.21%.
A number of research analysts recently weighed in on KMB shares. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research report on Wednesday, January 10th. Barclays set a $119.00 price objective on shares of Kimberly Clark and gave the stock a “hold” rating in a report on Thursday, March 15th. Deutsche Bank assumed coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price objective for the company. Finally, Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price for the company. in a research note on Monday, December 11th. 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 has an average rating of “Hold” and a consensus price target of $124.56.
In other 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 value of $2,773,633.66. Following the sale, the insider now directly owns 31,141 shares of the company’s stock, valued at approximately $3,729,757.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by corporate insiders.
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About Kimberly Clark
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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