First Foundation Advisors cut its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,439 shares of the company’s stock after selling 180 shares during the quarter. First Foundation Advisors’ holdings in Kimberly Clark were worth $278,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in KMB. Signature Wealth Management Group raised its holdings in shares of Kimberly Clark by 0.3% in the 4th quarter. Signature Wealth Management Group now owns 28,005 shares of the company’s stock valued at $3,191,000 after purchasing an additional 88 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of Kimberly Clark by 4.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,056 shares of the company’s stock valued at $234,000 after purchasing an additional 89 shares in the last quarter. Aspiriant LLC raised its holdings in shares of Kimberly Clark by 4.9% in the 4th quarter. Aspiriant LLC now owns 1,952 shares of the company’s stock valued at $224,000 after purchasing an additional 92 shares in the last quarter. Sage Capital Advisors llc raised its holdings in shares of Kimberly Clark by 0.4% in the 4th quarter. Sage Capital Advisors llc now owns 20,970 shares of the company’s stock valued at $2,389,000 after purchasing an additional 92 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in shares of Kimberly Clark by 1.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 9,108 shares of the company’s stock valued at $1,037,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 72.37% of the company’s stock.
NYSE KMB opened at $121.46 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. The firm has a market capitalization of $41.15 billion, a P/E ratio of 18.09, a P/E/G ratio of 3.31 and a beta of 0.59. Kimberly Clark Corp has a 12 month low of $97.10 and a 12 month high of $121.60.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Wednesday, January 23rd. The company reported $1.60 EPS for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.08). The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. Kimberly Clark had a net margin of 7.63% and a return on equity of 1,156.45%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $1.57 earnings per share. On average, research analysts forecast that Kimberly Clark Corp will post 6.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.39%. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, March 7th. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Kimberly Clark from $113.00 to $124.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. BNP Paribas assumed coverage on shares of Kimberly Clark in a report on Monday, February 11th. They issued an “outperform” rating and a $130.00 price objective on the stock. Zacks Investment Research lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Exane BNP Paribas assumed coverage on shares of Kimberly Clark in a report on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price objective on the stock in a report on Friday, January 18th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $113.19.
In related news, insider Anthony J. Palmer sold 6,122 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $115.11, for a total value of $704,703.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.64% of the company’s stock.
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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