Meiji Yasuda Asset Management Co Ltd. decreased its position in shares of Kimberly Clark Corp (NYSE:KMB) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,774 shares of the company’s stock after selling 899 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Kimberly Clark were worth $2,078,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Horan Capital Advisors LLC. bought a new position in shares of Kimberly Clark in the first quarter worth about $25,000. Phocas Financial Corp. bought a new position in shares of Kimberly Clark in the fourth quarter worth about $28,000. Proficio Capital Partners LLC lifted its holdings in shares of Kimberly Clark by 76.9% in the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock worth $29,000 after acquiring an additional 110 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Kimberly Clark by 154.5% in the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock worth $32,000 after acquiring an additional 170 shares during the last quarter. Finally, Loeb Partners Corp bought a new position in shares of Kimberly Clark in the fourth quarter worth about $34,000. 71.34% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the stock. Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $102.00 to $142.00 in a report on Tuesday, April 23rd. ValuEngine raised shares of Kimberly Clark from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a report on Thursday, April 25th. Wells Fargo & Co raised their price objective on shares of Kimberly Clark from $105.00 to $115.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. Finally, Citigroup raised their price objective on shares of Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a report on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Kimberly Clark currently has a consensus rating of “Hold” and an average target price of $120.24.
In other Kimberly Clark news, SVP Sandra Macquillan sold 6,774 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $124.87, for a total transaction of $845,869.38. Following the completion of the sale, the senior vice president now owns 15,287 shares of the company’s stock, valued at approximately $1,908,887.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kimberly K. Underhill sold 23,785 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $131.05, for a total transaction of $3,117,024.25. Following the sale, the insider now directly owns 51,307 shares of the company’s stock, valued at approximately $6,723,782.35. The disclosure for this sale can be found here. Insiders have sold a total of 446,313 shares of company stock valued at $56,436,155 in the last three months. Insiders own 0.85% of the company’s stock.
NYSE KMB traded up $1.38 during trading hours on Wednesday, reaching $135.99. The company’s stock had a trading volume of 42,024 shares, compared to its average volume of 1,773,928. The firm has a market cap of $46.81 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 3.93 and a beta of 0.57. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.73 and a quick ratio of 0.47. Kimberly Clark Corp has a 52 week low of $99.36 and a 52 week high of $135.78.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, April 22nd. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.12. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. As a group, research analysts anticipate that Kimberly Clark Corp will post 6.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, June 6th. Kimberly Clark’s dividend payout ratio is presently 62.33%.
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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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