FineMark National Bank & Trust lifted its stake in Kimberly Clark Corp (NYSE:KMB) by 2.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,089 shares of the company’s stock after purchasing an additional 122 shares during the quarter. FineMark National Bank & Trust’s holdings in Kimberly Clark were worth $754,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Horan Capital Advisors LLC. acquired a new position in Kimberly Clark in the 1st quarter worth approximately $25,000. Phocas Financial Corp. acquired a new position in Kimberly Clark in the 4th quarter worth approximately $28,000. Proficio Capital Partners LLC increased its holdings in Kimberly Clark by 76.9% in the 4th quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock worth $29,000 after buying an additional 110 shares during the period. First Mercantile Trust Co. increased its holdings in Kimberly Clark by 154.5% in the 4th quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock worth $32,000 after buying an additional 170 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Kimberly Clark in the 4th quarter worth approximately $33,000. 71.34% of the stock is owned by hedge funds and other institutional investors.
Kimberly Clark stock traded up $0.33 during trading on Friday, reaching $137.65. The company had a trading volume of 1,286,882 shares, compared to its average volume of 1,763,075. Kimberly Clark Corp has a 1-year low of $99.36 and a 1-year high of $138.42. The stock has a market capitalization of $46.86 billion, a P/E ratio of 20.82, a P/E/G ratio of 3.97 and a beta of 0.57. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.47 and a current ratio of 0.73.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, April 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.12. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter last year, the company earned $1.71 EPS. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. Sell-side analysts predict that Kimberly Clark Corp will post 6.66 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a $1.03 dividend. The ex-dividend date is Thursday, June 6th. This represents a $4.12 dividend on an annualized basis and a yield of 2.99%. Kimberly Clark’s dividend payout ratio is currently 62.33%.
Several brokerages recently weighed in on KMB. Wells Fargo & Co increased their price target on shares of Kimberly Clark from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Citigroup raised their price objective on shares of Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a research note on Tuesday, April 23rd. Argus raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Tuesday, April 23rd. ValuEngine raised shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a research note on Monday, April 15th. 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 stock currently has an average rating of “Hold” and an average price target of $120.24.
In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 7,903 shares of the firm’s 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 owns 15,297 shares in the company, valued at approximately $1,991,210.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas J. Falk sold 303,578 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $125.66, for a total value of $38,147,611.48. Following the completion of the transaction, the insider now owns 83,717 shares in the company, valued at approximately $10,519,878.22. The disclosure for this sale can be found here. Insiders sold a total of 446,313 shares of company stock worth $56,436,155 in the last three months. 0.85% of the stock is owned by corporate insiders.
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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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