Private Trust Co. NA cut its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 22.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,744 shares of the company’s stock after selling 1,640 shares during the period. Private Trust Co. NA’s holdings in Kimberly Clark were worth $604,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. CNB Bank acquired a new position in Kimberly Clark in the fourth quarter worth about $105,000. Gables Capital Management Inc. acquired a new position in Kimberly Clark in the first quarter worth about $115,000. Centerpoint Advisors LLC grew its stake in Kimberly Clark by 999.0% in the first quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock worth $121,000 after purchasing an additional 999 shares in the last quarter. Truewealth LLC acquired a new position in Kimberly Clark in the fourth quarter worth about $123,000. Finally, Lee Financial Co grew its stake in Kimberly Clark by 313.8% in the first quarter. Lee Financial Co now owns 1,167 shares of the company’s stock worth $128,000 after purchasing an additional 885 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.
A number of equities analysts recently commented on KMB shares. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Wednesday, April 11th. JPMorgan Chase & Co. decreased their price target on Kimberly Clark from $104.00 to $86.00 and set an “underweight” rating for the company in a research note on Tuesday, April 24th. Citigroup set a $94.00 price target on Kimberly Clark and gave the stock a “sell” rating in a research note on Tuesday, April 24th. Wells Fargo & Co decreased their price target 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. Finally, Barclays set a $119.00 price target on Kimberly Clark and gave the stock a “hold” rating in a research note on Thursday, March 15th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $113.64.
Shares of Kimberly Clark opened at $104.60 on Wednesday, Marketbeat.com reports. The company has a debt-to-equity ratio of 10.96, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly Clark Corp has a 52 week low of $97.10 and a 52 week high of $129.20. The company has a market capitalization of $36.80 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 2.21 and a beta of 0.68.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, April 23rd. The company reported $1.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.71. Kimberly Clark had a return on equity of 398.41% and a net margin of 9.77%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. Kimberly Clark’s quarterly revenue was up 5.0% compared to the same quarter last year. analysts predict that Kimberly Clark Corp will post 6.86 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 3rd. Shareholders of record on Friday, June 8th were paid a $1.00 dividend. The ex-dividend date was Thursday, June 7th. This represents a $4.00 dividend on an annualized basis and a yield of 3.82%. Kimberly Clark’s payout ratio is currently 64.21%.
In other news, SVP Jeffrey P. Melucci sold 330 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $105.97, for a total transaction of $34,970.10. Following the sale, the senior vice president now owns 5,132 shares of the company’s stock, valued at $543,838.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert W. Decherd purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, April 24th. The shares were acquired at an average cost of $100.05 per share, for a total transaction of $200,100.00. Following the acquisition, the director now owns 45,444 shares of the company’s stock, 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.
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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