Grimes & Company Inc. lessened its holdings in Kimberly Clark Corp (NYSE:KMB) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,943 shares of the company’s stock after selling 558 shares during the period. Kimberly Clark accounts for about 1.0% of Grimes & Company Inc.’s investment portfolio, making the stock its 18th biggest holding. Grimes & Company Inc.’s holdings in Kimberly Clark were worth $10,476,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Atria Investments LLC boosted its holdings in Kimberly Clark by 12.2% in the third quarter. Atria Investments LLC now owns 7,721 shares of the company’s stock valued at $877,000 after purchasing an additional 839 shares during the period. DNB Asset Management AS boosted its holdings in Kimberly Clark by 3.7% in the third quarter. DNB Asset Management AS now owns 47,033 shares of the company’s stock valued at $5,345,000 after purchasing an additional 1,676 shares during the period. Iberiabank Corp purchased a new position in Kimberly Clark in the third quarter valued at $249,000. Bank of Montreal Can boosted its holdings in Kimberly Clark by 14.4% in the third quarter. Bank of Montreal Can now owns 843,641 shares of the company’s stock valued at $95,873,000 after purchasing an additional 106,155 shares during the period. Finally, Toth Financial Advisory Corp boosted its holdings in Kimberly Clark by 9.5% in the third quarter. Toth Financial Advisory Corp now owns 28,115 shares of the company’s stock valued at $3,195,000 after purchasing an additional 2,433 shares during the period. 73.58% of the stock is owned by institutional investors and hedge funds.
In other news, VP Michael T. Azbell sold 13,565 shares of the business’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $115.00, for a total value of $1,559,975.00. Following the completion of the sale, the vice president now directly owns 6,432 shares of the company’s stock, valued at approximately $739,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey P. Melucci sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $111.18, for a total value of $111,180.00. Following the completion of the sale, the senior vice president now directly owns 4,132 shares of the company’s stock, valued at $459,395.76. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.
Shares of NYSE KMB opened at $115.69 on Monday. The stock has a market cap of $39.85 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. 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 Corp has a 1 year low of $97.10 and a 1 year high of $120.48.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Wednesday, January 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.08). The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.57 earnings per share. On average, equities research analysts expect that Kimberly Clark Corp will post 6.59 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.56%. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, March 7th. Kimberly Clark’s payout ratio is 60.51%.
A number of research firms recently issued reports on KMB. ValuEngine upgraded Kimberly Clark from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Morgan Stanley set a $107.00 target price on Kimberly Clark and gave the company a “sell” rating in a report on Thursday, December 20th. Jefferies Financial Group reiterated a “hold” rating and issued a $100.00 target price on shares of Kimberly Clark in a report on Monday, October 22nd. Wells Fargo & Co lifted their target price on Kimberly Clark from $97.00 to $105.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. Finally, Citigroup lifted their price target on Kimberly Clark from $93.00 to $95.00 and gave the stock a “sell” rating in a report on Wednesday, October 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $110.00.
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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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