Security National Bank of Sioux City Iowa IA lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 12.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,384 shares of the company’s stock after purchasing an additional 704 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in Kimberly-Clark were worth $888,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of KMB. OLD Mission Capital LLC acquired a new position in Kimberly-Clark during the 3rd quarter worth approximately $5,671,000. Assenagon Asset Management S.A. lifted its position in Kimberly-Clark by 43.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,431 shares of the company’s stock worth $463,000 after acquiring an additional 1,039 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in Kimberly-Clark by 22.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,758 shares of the company’s stock worth $642,000 after acquiring an additional 873 shares in the last quarter. CIBC Asset Management Inc lifted its position in Kimberly-Clark by 19.7% during the 4th quarter. CIBC Asset Management Inc now owns 104,381 shares of the company’s stock worth $14,074,000 after acquiring an additional 17,183 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its position in shares of Kimberly-Clark by 97.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,899 shares of the company’s stock valued at $256,000 after purchasing an additional 935 shares in the last quarter. Institutional investors and hedge funds own 72.97% of the company’s stock.
A number of brokerages have issued reports on KMB. Jefferies Financial Group cut their target price on Kimberly-Clark from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, April 26th. Wells Fargo & Company raised Kimberly-Clark from an “underweight” rating to an “equal weight” rating in a research report on Friday, May 14th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $123.00 price target (down from $144.00) on shares of Kimberly-Clark in a research report on Thursday, March 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on Kimberly-Clark from $122.00 to $123.00 and gave the stock a “sell” rating in a research note on Monday, April 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Kimberly-Clark from $145.00 to $137.00 and set a “hold” rating for the company in a research note on Monday, April 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $140.31.
Kimberly-Clark (NYSE:KMB) last announced its earnings results on Thursday, April 22nd. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.14). Kimberly-Clark had a net margin of 12.06% and a return on equity of 376.18%. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the prior year, the company earned $2.13 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 2nd. Stockholders of record on Friday, June 4th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, June 3rd. Kimberly-Clark’s dividend payout ratio is 58.91%.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue 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, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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