Mutual Advisors LLC bought a new stake in Kimberly Clark Corp (NYSE:KMB) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,727 shares of the company’s stock, valued at approximately $691,000.
A number of other large investors have also bought and sold shares of the stock. State of Tennessee Treasury Department grew its holdings in shares of Kimberly Clark by 82.2% during the fourth quarter. State of Tennessee Treasury Department now owns 175,999 shares of the company’s stock worth $21,236,000 after purchasing an additional 79,422 shares during the last quarter. First Republic Investment Management Inc. grew its holdings in shares of Kimberly Clark by 152.4% during the fourth quarter. First Republic Investment Management Inc. now owns 141,496 shares of the company’s stock worth $17,074,000 after purchasing an additional 85,439 shares during the last quarter. Mission Wealth Management LP purchased a new position in shares of Kimberly Clark during the fourth quarter worth about $290,000. Baird Financial Group Inc. grew its holdings in shares of Kimberly Clark by 3.8% during the fourth quarter. Baird Financial Group Inc. now owns 179,903 shares of the company’s stock worth $21,707,000 after purchasing an additional 6,553 shares during the last quarter. Finally, Smith Moore & CO. grew its holdings in shares of Kimberly Clark by 3.7% during the fourth quarter. Smith Moore & CO. now owns 15,076 shares of the company’s stock worth $1,819,000 after purchasing an additional 541 shares during the last quarter. 72.97% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Kimberly K. Underhill sold 23,158 shares of Kimberly Clark stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share. equities analysts forecast that Kimberly Clark Corp will post 6.98 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.52%. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 8th. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.53%.
Several brokerages have issued reports on KMB. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Citigroup lowered Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a report on Monday, December 11th. Deutsche Bank began coverage on Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price objective on the stock. Finally, Societe Generale raised Kimberly Clark from a “hold” rating to a “buy” rating and raised their price objective for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $125.87.
Kimberly Clark Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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