MBM Wealth Consultants LLC lowered its holdings in Kimberly Clark Corp (NYSE:KMB) by 2.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,057 shares of the company’s stock after selling 109 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Kimberly Clark were worth $503,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of KMB. Oregon Public Employees Retirement Fund grew its stake in Kimberly Clark by 11,155.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,310,008 shares of the company’s stock worth $38,000 after purchasing an additional 4,271,714 shares in the last quarter. Norges Bank purchased a new stake in Kimberly Clark during the 4th quarter worth about $337,207,000. Ronna Sue Cohen lifted its holdings in Kimberly Clark by 11,510.0% during the 1st quarter. Ronna Sue Cohen now owns 1,730,936 shares of the company’s stock worth $1,731,000 after buying an additional 1,716,027 shares during the last quarter. Morgan Stanley lifted its holdings in Kimberly Clark by 50.8% during the 3rd quarter. Morgan Stanley now owns 4,738,469 shares of the company’s stock worth $538,482,000 after buying an additional 1,595,818 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Kimberly Clark by 1,023.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,429,049 shares of the company’s stock worth $162,826,000 after buying an additional 1,301,816 shares during the last quarter. Institutional investors own 73.60% of the company’s stock.
Shares of KMB traded up $0.90 on Wednesday, reaching $130.98. The stock had a trading volume of 936,076 shares, compared to its average volume of 1,827,753. The stock has a market cap of $44.33 billion, a P/E ratio of 19.82, a P/E/G ratio of 3.76 and a beta of 0.61. 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 twelve month low of $99.36 and a twelve month high of $132.47.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, April 22nd. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.12. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. Kimberly Clark’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 EPS. Research analysts expect that Kimberly Clark Corp will post 6.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, June 6th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.
A number of analysts have issued reports on KMB shares. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a report on Monday, April 15th. Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Tuesday, April 23rd. ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Morgan Stanley boosted their target price on Kimberly Clark from $113.00 to $124.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Finally, Barclays reissued a “hold” rating and issued a $109.00 target price on shares of Kimberly Clark in a report on Friday, January 25th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $120.24.
In other Kimberly Clark news, insider Thomas J. Falk sold 303,578 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $125.66, for a total transaction of $38,147,611.48. Following the transaction, the insider now owns 83,717 shares of the company’s stock, valued at approximately $10,519,878.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffrey P. Melucci sold 7,903 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $130.17, for a total value of $1,028,733.51. Following the transaction, the senior vice president now directly owns 15,297 shares in the company, valued at approximately $1,991,210.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 422,528 shares of company stock worth $53,319,131. 0.85% of the stock is owned by insiders.
Kimberly Clark 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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