Wealthstreet Investment Advisors LLC decreased its holdings in Kimberly Clark Corp (NYSE:KMB) by 2.8% in the 1st quarter, HoldingsChannel reports. The fund owned 17,025 shares of the company’s stock after selling 497 shares during the quarter. Wealthstreet Investment Advisors LLC’s holdings in Kimberly Clark were worth $2,109,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Horan Capital Advisors LLC. acquired a new stake in Kimberly Clark in the 1st quarter worth about $25,000. Phocas Financial Corp. acquired a new stake in Kimberly Clark in the 4th quarter worth about $28,000. Proficio Capital Partners LLC boosted its stake 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 last quarter. First Mercantile Trust Co. lifted its stake in shares of Kimberly Clark by 154.5% in the 4th quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock valued at $32,000 after purchasing an additional 170 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Kimberly Clark in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 73.60% of the company’s stock.
Shares of NYSE:KMB traded up $0.41 during mid-day trading on Thursday, hitting $129.08. 16,459 shares of the company traded hands, compared to its average volume of 1,858,739. The company has a market cap of $44.25 billion, a P/E ratio of 19.53, a PEG ratio of 3.73 and a beta of 0.61. 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 Corp has a 52-week low of $99.36 and a 52-week high of $132.47.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, April 22nd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.54 by $0.12. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $1.71 EPS. Analysts predict that Kimberly Clark Corp will post 6.66 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors 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 3.19%. Kimberly Clark’s payout ratio is currently 62.33%.
In other Kimberly Clark news, SVP Sandra Macquillan sold 6,774 shares of Kimberly Clark stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $124.87, for a total transaction of $845,869.38. Following the sale, the senior vice president now directly owns 15,287 shares in the company, valued at approximately $1,908,887.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas J. Falk sold 303,578 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $125.66, for a total value of $38,147,611.48. Following the sale, the insider now owns 83,717 shares in the company, valued at $10,519,878.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 397,777 shares of company stock worth $50,121,049. Company insiders own 0.85% of the company’s stock.
Several research firms have recently weighed in on KMB. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research note on Thursday, April 25th. Citigroup lifted their price objective on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research note on Tuesday, April 23rd. ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. BNP Paribas began coverage on Kimberly Clark in a research note on Monday, February 11th. They issued an “outperform” rating and a $130.00 price objective on the stock. Finally, Barclays reaffirmed a “hold” rating and issued a $109.00 price objective on shares of Kimberly Clark in a research note on Friday, January 25th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $120.24.
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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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