Bridges Investment Management Inc. reduced its position in shares of Kimberly-Clark Co. (NYSE: KMB – Get Rating) by 16.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,831 shares of the company stock after selling 942 shares during the quarter. Bridges Investment Management Inc.’s holdings in Kimberly-Clark were worth $ 595,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Murphy Middleton Hinkle & Parker Inc. raised its holdings in Kimberly-Clark by 2.1% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,463 shares of the company stock worth $ 495,000 after purchasing an additional 72 shares during the last quarter. OLD Second National Bank of Aurora grew its position in shares of Kimberly-Clark by 12.6% during the 3rd quarter. OLD Second National Bank of Aurora now owns 663 shares of the company stock worth $ 88,000 after buying an additional 74 shares during the period. AdvisorNet Financial Inc grew its position in shares of Kimberly-Clark by 7.9% during the 4th quarter. AdvisorNet Financial Inc now owns 1,006 shares of the company stock worth $ 144,000 after buying an additional 74 shares during the period. Pflug Koory LLC grew its position in shares of Kimberly-Clark by 13.0% during the 4th quarter. Pflug Koory LLC now owns 643 shares of the company stock worth $ 92,000 after buying an additional 74 shares during the period. Finally, Capital Advisors Inc. OK grew its position in shares of Kimberly-Clark by 1.9% during the 4th quarter. Capital Advisors Inc. OK now owns 4,045 shares of the company stock worth $ 578,000 after buying an additional 74 shares during the period. 74.32% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Michael D. Hsu sold 41,698 shares of Kimberly-Clark stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $ 140.08, for a total transaction of $ 5,841,055.84. Following the sale, the chief executive officer now directly owns 89,593 shares in the company, valued at approximately $ 12,550,187.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tristram Wilkinson sold 2,069 shares of Kimberly-Clark stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $ 137.17, for a total value of $ 283,804.73. Following the sale, the insider now owns 14,102 shares in the company, valued at $ 1,934,371.34. The disclosure for this sale can be found here. Insiders have sold a total of 62,696 shares of company stock worth $ 8,807,911 over the last quarter. Company insiders own 0.55% of the company stock.
Several brokerages have recently commented on KMB. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Monday. Barclays reduced their price objective on shares of Kimberly-Clark from $ 129.00 to $ 124.00 and set an “equal weight” rating for the company in a research report on Monday, May 23rd. UBS Group raised their price objective on shares of Kimberly-Clark from $ 128.00 to $ 140.00 in a research report on Monday, April 25th. Royal Bank of Canada lifted their price target on shares of Kimberly-Clark from $ 122.00 to $ 124.00 and gave the company a “sector perform” rating in a research report on Monday, April 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $ 130.00 to $ 138.00 in a research report on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $ 132.60.
KMB opened at $ 121.79 on Tuesday. The company has a debt-to-equity ratio of 9.49, a current ratio of 0.81 and a quick ratio of 0.50. The company has a market capitalization of $ 41.03 billion, a price-to-earnings ratio of 23.47, a P / E / G ratio of 4.19 and a beta of 0.37. The firm’s fifty day moving average price is $ 132.28 and its two-hundred day moving average price is $ 132.78. Kimberly-Clark Co. has a 1 year low of $ 117.32 and a 1 year high of $ 145.79.
Kimberly-Clark (NYSE: KMB – Get Rating) last posted its quarterly earnings data on Friday, April 22nd. The company reported $ 1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 1.23 by $ 0.12. The firm had revenue of $ 5.10 billion for the quarter, compared to the estimate consensus of $ 4.92 billion. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $ 1.80 EPS. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 5.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Friday, June 10th will be paid a dividend of $ 1.16 per share. This represents a $ 4.64 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, June 9th. Kimberly-Clark’s payout ratio is 89.40%.
Kimberly-Clark Profile: (Get Rating)
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 KC Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, 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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