Washington Trust Bank lowered its position in Kimberly Clark Corp (NYSE:KMB) by 34.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,103 shares of the company’s stock after selling 2,118 shares during the quarter. Washington Trust Bank’s holdings in Kimberly Clark were worth $508,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in KMB. Moody National Bank Trust Division purchased a new position in shares of Kimberly Clark during the 4th quarter valued at approximately $27,000. Phocas Financial Corp. bought a new position in Kimberly Clark during the fourth quarter valued at about $28,000. Proficio Capital Partners LLC boosted its stake in Kimberly Clark by 76.9% during the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock valued at $29,000 after buying an additional 110 shares in the last quarter. First Mercantile Trust Co. boosted its stake in Kimberly Clark by 154.5% during the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock valued at $32,000 after buying an additional 170 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Kimberly Clark during the fourth quarter valued at about $33,000. 73.34% of the stock is owned by hedge funds and other institutional investors.
Shares of KMB stock traded down $0.06 on Wednesday, reaching $123.26. 8,544 shares of the stock were exchanged, compared to its average volume of 1,241,877. The company has a market cap of $42.44 billion, a P/E ratio of 18.65, a PEG ratio of 3.38 and a beta of 0.60. Kimberly Clark Corp has a one year low of $97.10 and a one year high of $124.50. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 51.24.
Kimberly Clark (NYSE:KMB) last released its earnings results 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). The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. As a group, equities research analysts anticipate that Kimberly Clark Corp will post 6.6 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.34%. Kimberly Clark’s payout ratio is 62.33%.
In related news, insider Anthony J. Palmer sold 6,122 shares of Kimberly Clark stock in a transaction on Friday, February 8th. The stock was sold at an average price of $115.11, for a total transaction of $704,703.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is owned by insiders.
Several brokerages recently issued reports on KMB. Wells Fargo & Co increased their price objective on Kimberly Clark from $105.00 to $115.00 and gave the stock a “market perform” rating in a research note on Tuesday. JPMorgan Chase & Co. upgraded Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price objective for the company in a research report on Friday, January 18th. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price objective for the company in a research report on Monday. Exane BNP Paribas initiated coverage on Kimberly Clark in a research report on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 price objective for the company. Finally, Morgan Stanley upgraded 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Kimberly Clark has a consensus rating of “Hold” and an average target price of $114.88.
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About Kimberly Clark
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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