Williams Jones & Associates LLC reduced its stake in Kimberly Clark Corp (NYSE:KMB) by 2.2% during the first quarter, HoldingsChannel reports. The firm owned 4,526 shares of the company’s stock after selling 100 shares during the quarter. Williams Jones & Associates LLC’s holdings in Kimberly Clark were worth $561,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of KMB. Oregon Public Employees Retirement Fund boosted its position in shares of Kimberly Clark by 11,155.0% in 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 bought a new stake in shares of Kimberly Clark in the 4th quarter worth approximately $337,207,000. Ronna Sue Cohen boosted its position in shares of Kimberly Clark by 11,510.0% in the 1st quarter. Ronna Sue Cohen now owns 1,730,936 shares of the company’s stock worth $1,731,000 after purchasing an additional 1,716,027 shares in the last quarter. Victory Capital Management Inc. lifted its position in Kimberly Clark by 1,023.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,429,049 shares of the company’s stock valued at $162,826,000 after acquiring an additional 1,301,816 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Kimberly Clark by 3.4% in the 4th quarter. BlackRock Inc. now owns 24,634,126 shares of the company’s stock valued at $2,806,813,000 after acquiring an additional 800,098 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Wells Fargo & Co upped their price objective on Kimberly Clark from $105.00 to $115.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Citigroup upped their price objective on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research report on Tuesday, April 23rd. 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. ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a research report on Monday, April 15th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Kimberly Clark presently has an average rating of “Hold” and a consensus target price of $120.24.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, April 22nd. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate 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%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 EPS. On average, research analysts predict that Kimberly Clark Corp will post 6.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.02%. Kimberly Clark’s payout ratio is 62.33%.
In other news, SVP Sandra Macquillan sold 5,385 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $126.15, for a total transaction of $679,317.75. Following the transaction, the senior vice president now directly owns 15,814 shares of the company’s stock, valued at approximately $1,994,936.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey P. Melucci sold 7,903 shares of the stock in a transaction 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 $1,991,210.49. The disclosure for this sale can be found here. Insiders have sold a total of 446,313 shares of company stock worth $56,436,155 over the last three months. Insiders own 0.85% of the company’s stock.
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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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