Wagner Wealth Management LLC acquired a new stake in Kimberly Clark Corp (NYSE:KMB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,824 shares of the company’s stock, valued at approximately $206,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in KMB. Horizon Investments LLC lifted its stake in shares of Kimberly Clark by 87.3% in the second quarter. Horizon Investments LLC now owns 10,156 shares of the company’s stock valued at $1,300,000 after purchasing an additional 4,734 shares during the period. Suntrust Banks Inc. lifted its stake in shares of Kimberly Clark by 1.4% in the second quarter. Suntrust Banks Inc. now owns 286,719 shares of the company’s stock valued at $37,016,000 after purchasing an additional 3,868 shares during the period. Cibc World Markets Corp lifted its stake in shares of Kimberly Clark by 93.9% in the second quarter. Cibc World Markets Corp now owns 72,070 shares of the company’s stock valued at $9,305,000 after purchasing an additional 34,906 shares during the period. Advisor Group Inc. lifted its stake in shares of Kimberly Clark by 10.4% in the second quarter. Advisor Group Inc. now owns 45,875 shares of the company’s stock valued at $5,726,000 after purchasing an additional 4,322 shares during the period. Finally, Marco Investment Management LLC lifted its stake in shares of Kimberly Clark by 0.5% in the second quarter. Marco Investment Management LLC now owns 66,473 shares of the company’s stock valued at $8,582,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 74.48% of the company’s stock.
Several analysts recently commented on the stock. Barclays set a $119.00 price objective on shares of Kimberly Clark and gave the company a “hold” rating in a research note on Thursday, March 15th. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a report on Wednesday, January 10th. Citigroup set a $112.00 target price on shares of Kimberly Clark and gave the company a “sell” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank assumed coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price for the company. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $125.44.
KMB stock opened at $104.74 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34. Kimberly Clark Corp has a twelve month low of $104.58 and a twelve month high of $134.29. The firm has a market cap of $37,693.91, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.69.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The business 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 company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. equities research analysts anticipate that Kimberly Clark Corp will post 7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, March 8th. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.82%. Kimberly Clark’s payout ratio is 62.40%.
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About Kimberly Clark
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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