Carroll Financial Associates Inc. grew its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 41.1% during the first quarter, HoldingsChannel reports. The firm owned 4,762 shares of the company’s stock after purchasing an additional 1,388 shares during the period. Carroll Financial Associates Inc.’s holdings in Kimberly Clark were worth $590,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in KMB. Moody National Bank Trust Division purchased a new position in shares of Kimberly Clark during the fourth quarter worth approximately $27,000. Phocas Financial Corp. purchased a new position in shares of Kimberly Clark during the fourth quarter worth approximately $28,000. Proficio Capital Partners LLC grew its position in shares of Kimberly Clark by 76.9% during 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. grew its position in shares of Kimberly Clark by 154.5% during 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, Meeder Asset Management Inc. purchased a new position in shares of Kimberly Clark during the fourth quarter worth approximately $33,000. 73.34% of the stock is currently owned by institutional investors.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,122 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $115.11, for a total value of $704,703.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is currently owned by company insiders.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Wednesday, January 23rd. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.08). Kimberly Clark had a net margin of 7.63% and a return on equity of 1,156.45%. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter last year, the business earned $1.57 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that Kimberly Clark Corp will post 6.6 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.33%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, March 7th. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.
A number of brokerages have recently issued reports on KMB. Zacks Investment Research lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Co raised their target price on shares of Kimberly Clark from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 target price on the stock in a research report on Friday, January 18th. Exane BNP Paribas assumed coverage on shares of Kimberly Clark in a research report on Tuesday, February 12th. They set an “outperform” rating and a $130.00 target price on the stock. Finally, Morgan Stanley upgraded shares of Kimberly Clark from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $107.00 to $113.00 in a research report on Thursday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Kimberly Clark presently has a consensus rating of “Hold” and an average price target of $114.88.
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Kimberly Clark Company Profile
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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