Brick & Kyle Associates increased its holdings in Kimberly-Clark (NYSE:KMB) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,149 shares of the company’s stock after acquiring an additional 695 shares during the period. Kimberly-Clark comprises about 1.5% of Brick & Kyle Associates’ holdings, making the stock its 22nd largest holding. Brick & Kyle Associates’ holdings in Kimberly-Clark were worth $1,889,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in KMB. GW&K Investment Management LLC lifted its stake in Kimberly-Clark by 5.9% in the 4th quarter. GW&K Investment Management LLC now owns 11,613 shares of the company’s stock worth $1,401,000 after acquiring an additional 649 shares in the last quarter. Winslow Evans & Crocker Inc. lifted its stake in Kimberly-Clark by 48.5% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 2,070 shares of the company’s stock worth $250,000 after acquiring an additional 676 shares in the last quarter. Shamrock Asset Management LLC lifted its stake in Kimberly-Clark by 220.5% in the 4th quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock worth $134,000 after acquiring an additional 763 shares in the last quarter. Forte Capital LLC ADV lifted its stake in Kimberly-Clark by 10.7% in the 4th quarter. Forte Capital LLC ADV now owns 8,623 shares of the company’s stock worth $1,040,000 after acquiring an additional 836 shares in the last quarter. Finally, Howard Capital Management lifted its stake in Kimberly-Clark by 0.9% in the 4th quarter. Howard Capital Management now owns 94,724 shares of the company’s stock worth $11,429,000 after acquiring an additional 869 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark opened at $105.46 on Friday, Marketbeat reports. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 10.96. Kimberly-Clark has a fifty-two week low of $97.10 and a fifty-two week high of $134.29. The stock has a market capitalization of $36.46 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.11 and a beta of 0.66.
Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, April 23rd. The company reported $1.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.71. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.60 billion. Kimberly-Clark had a return on equity of 398.41% and a net margin of 9.77%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 EPS. equities research analysts expect that Kimberly-Clark will post 6.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Friday, June 8th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Thursday, June 7th. Kimberly-Clark’s dividend payout ratio is 64.21%.
KMB has been the subject of several research analyst reports. Barclays set a $119.00 price objective on Kimberly-Clark and gave the stock a “hold” rating in a research note on Thursday, March 15th. Zacks Investment Research downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Wells Fargo & Co 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 note on Thursday, April 19th. ValuEngine lowered Kimberly-Clark from a “hold” rating to a “sell” rating in a research report on Monday, April 23rd. Finally, JPMorgan Chase & Co. dropped their target price on Kimberly-Clark from $104.00 to $86.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 24th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $119.33.
In related news, Director Robert W. Decherd acquired 2,000 shares of the stock in a transaction dated Tuesday, April 24th. The shares were acquired at an average price of $100.05 per share, with a total value of $200,100.00. Following the acquisition, the director now owns 45,444 shares in the company, valued at approximately $4,546,672.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sandra Macquillan sold 3,045 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $105.63, for a total value of $321,643.35. Following the transaction, the senior vice president now directly owns 5,642 shares in the company, valued at approximately $595,964.46. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
Kimberly-Clark Company Profile
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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark (NYSE:KMB).
Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.