Private Trust Co. NA decreased its position in shares of Kimberly Clark Corp (NYSE:KMB) by 22.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,744 shares of the company’s stock after selling 1,640 shares during the quarter. Private Trust Co. NA’s holdings in Kimberly Clark were worth $604,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in KMB. Massachusetts Financial Services Co. MA raised its holdings in Kimberly Clark by 311.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,444,035 shares of the company’s stock worth $269,160,000 after purchasing an additional 1,850,080 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Kimberly Clark by 94.1% during the fourth quarter. Two Sigma Advisers LP now owns 2,050,420 shares of the company’s stock worth $247,404,000 after purchasing an additional 993,961 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Kimberly Clark during the fourth quarter worth approximately $117,456,000. Summit Trail Advisors LLC raised its holdings in Kimberly Clark by 6,272.4% during the first quarter. Summit Trail Advisors LLC now owns 301,669 shares of the company’s stock worth $302,000 after purchasing an additional 296,935 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Kimberly Clark by 16.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,122,458 shares of the company’s stock worth $233,747,000 after purchasing an additional 294,774 shares in the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.
In other Kimberly Clark news, SVP Sandra Macquillan sold 3,045 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $105.63, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert W. Decherd acquired 2,000 shares of the stock in a transaction on Tuesday, April 24th. The shares were purchased at an average price of $100.05 per share, for a total transaction of $200,100.00. Following the completion of the transaction, the director now owns 45,444 shares in the company, valued at approximately $4,546,672.20. The disclosure for this purchase can be found here. Insiders own 0.64% of the company’s stock.
Kimberly Clark stock opened at $104.60 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 10.96. The company has a market capitalization of $36.80 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 2.21 and a beta of 0.68. Kimberly Clark Corp has a 1 year low of $97.10 and a 1 year high of $129.20.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, April 23rd. The company reported $1.71 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.71. Kimberly Clark had a net margin of 9.77% and a return on equity of 398.41%. The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the previous year, the business posted $1.57 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. sell-side analysts predict that Kimberly Clark Corp will post 6.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 3rd. Shareholders of record on Friday, June 8th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.82%. The ex-dividend date was Thursday, June 7th. Kimberly Clark’s payout ratio is 64.21%.
Several brokerages recently commented on KMB. Zacks Investment Research cut Kimberly Clark from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Morgan Stanley began coverage on Kimberly Clark in a report on Thursday, June 21st. They set an “underweight” rating and a $94.00 target price on the stock. ValuEngine cut Kimberly Clark from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Barclays reissued a “hold” rating and set a $113.00 target price on shares of Kimberly Clark in a report on Wednesday, April 25th. Finally, TheStreet lowered shares of Kimberly Clark from a “b” rating to a “c+” rating in a research report on Monday, April 23rd. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. Kimberly Clark presently has an average rating of “Hold” and an average price target of $113.64.
About Kimberly Clark
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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