Pettyjohn Wood & White Inc. decreased its holdings in Kimberly Clark Corp (NYSE:KMB) by 22.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,900 shares of the company’s stock after selling 4,025 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Kimberly Clark were worth $1,722,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Shorepoint Capital Partners LLC bought a new stake in Kimberly Clark in the 1st quarter worth about $279,000. Blue Chip Partners Inc. increased its holdings in Kimberly Clark by 8.9% in the 1st quarter. Blue Chip Partners Inc. now owns 81,204 shares of the company’s stock worth $10,061,000 after buying an additional 6,669 shares in the last quarter. Investment Partners LTD. bought a new stake in shares of Kimberly Clark during the 4th quarter valued at about $240,000. Norges Bank bought a new stake in shares of Kimberly Clark during the 4th quarter valued at about $337,207,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Kimberly Clark by 2.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 300,793 shares of the company’s stock valued at $34,272,000 after purchasing an additional 7,144 shares during the period. 73.73% of the stock is owned by institutional investors.
A number of research firms have issued reports on KMB. Morgan Stanley boosted their price target on Kimberly Clark from $113.00 to $124.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. Wells Fargo & Co boosted their price target on Kimberly Clark from $105.00 to $115.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Citigroup boosted their price target on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research note on Tuesday, April 23rd. Exane BNP Paribas started coverage on Kimberly Clark in a research note on Tuesday, February 12th. They set an “outperform” rating and a $130.00 price target for the company. Finally, Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $120.24.
NYSE KMB traded down $0.28 during trading hours on Friday, reaching $130.63. The company’s stock had a trading volume of 857,546 shares, compared to its average volume of 1,811,792. The company has a current ratio of 0.73, a quick ratio of 0.47 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a 1 year low of $99.36 and a 1 year high of $132.47. The stock has a market cap of $44.72 billion, a PE ratio of 19.76, a P/E/G ratio of 3.79 and a beta of 0.61.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, April 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.12. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the previous year, the company posted $1.71 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. On average, analysts forecast that Kimberly Clark Corp will post 6.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be paid a $1.03 dividend. 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 payout ratio is 62.33%.
In other news, insider Thomas J. Falk sold 303,578 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeffrey P. Melucci sold 7,903 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were 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 ninety days, insiders sold 446,313 shares of company stock worth $56,436,155. Corporate insiders own 0.85% of the company’s stock.
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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