King Luther Capital Management Corp reduced its holdings in Kimberly-Clark (NYSE:KMB) by 0.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,347,589 shares of the company’s stock after selling 4,133 shares during the quarter. Kimberly-Clark accounts for about 1.2% of King Luther Capital Management Corp’s investment portfolio, making the stock its 25th largest holding. King Luther Capital Management Corp owned about 0.39% of Kimberly-Clark worth $148,410,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the business. CNB Bank acquired a new position in shares of Kimberly-Clark during the fourth quarter worth about $105,000. Truewealth LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth about $123,000. Shamrock Asset Management LLC boosted its position 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 period. Aevitas Wealth Management Inc. acquired a new position in shares of Kimberly-Clark during the fourth quarter worth about $156,000. Finally, QCI Asset Management Inc. NY boosted its position in shares of Kimberly-Clark by 134.7% during the fourth quarter. QCI Asset Management Inc. NY now owns 1,631 shares of the company’s stock worth $197,000 after buying an additional 936 shares during the period. Institutional investors own 75.96% of the company’s stock.
Shares of NYSE KMB opened at $104.87 on Friday. Kimberly-Clark has a 52 week low of $103.88 and a 52 week high of $105.02. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 10.96. The company has a market cap of $36.64 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.12 and a beta of 0.66.
Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, April 23rd. The company reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. Kimberly-Clark had a return on equity of 398.41% and a net margin of 9.77%. The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. equities research analysts anticipate that Kimberly-Clark will post 6.94 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 8th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, June 7th. This represents a $4.00 annualized dividend and a yield of 3.81%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.21%.
Several research analysts have recently weighed in on KMB shares. Zacks Investment Research cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Citigroup set a $112.00 price objective on Kimberly-Clark and gave the stock a “sell” rating in a research report on Wednesday, January 24th. Barclays set a $119.00 price objective on Kimberly-Clark and gave the stock a “hold” rating in a research report on Thursday, March 15th. Wells Fargo reduced their price objective on Kimberly-Clark from $117.00 to $108.00 and set a “market perform” rating for the company in a research report on Thursday, April 19th. Finally, ValuEngine cut Kimberly-Clark from a “hold” rating to a “sell” rating in a research report on Monday, April 23rd. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $119.33.
In related news, Director Robert W. Decherd purchased 2,000 shares of Kimberly-Clark stock in a transaction that occurred on Tuesday, April 24th. The stock was purchased at an average cost of $100.05 per share, with a total value of $200,100.00. Following the completion of the transaction, the director now owns 45,444 shares of the company’s stock, valued at approximately $4,546,672.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.64% of the company’s stock.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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