Glassman Wealth Services decreased its stake in Kimberly-Clark Co. (NYSE: KMB – Get Rating) by 38.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 242 shares of the company stock after selling 154 shares during the period. Glassman Wealth Services’ holdings in Kimberly-Clark were worth $ 30,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Bivin & Associates Inc. bought a new stake in Kimberly-Clark in the fourth quarter worth about $ 26,000. HWG Holdings LP bought a new stake in Kimberly-Clark in the fourth quarter worth about $ 29,000. Lumature Wealth Partners LLC raised its position in Kimberly-Clark by 66.4% in the fourth quarter. Lumature Wealth Partners LLC now owns 208 shares of the company stock worth $ 30,000 after acquiring an additional 83 shares during the period. Capital Analysts LLC raised its position in Kimberly-Clark by 88.1% in the fourth quarter. Capital Analysts LLC now owns 237 shares of the company stock worth $ 34,000 after acquiring an additional 111 shares during the period. Finally, Quent Capital LLC bought a new stake in Kimberly-Clark in the fourth quarter worth about $ 37,000. 74.32% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $ 130.00 to $ 138.00 in a research report on Monday, April 25th. Royal Bank of Canada boosted 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. Morgan Stanley boosted their price target on shares of Kimberly-Clark from $ 133.00 to $ 137.00 and gave the company an “equal weight” rating in a research report on Monday, April 25th. Barclays decreased their target price on shares of Kimberly-Clark from $ 129.00 to $ 124.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Kimberly-Clark from $ 118.00 to $ 113.00 in a report on Wednesday, March 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $ 132.60.
KMB stock opened at $ 132.08 on Friday. The company has a debt-to-equity ratio of 9.49, a current ratio of 0.81 and a quick ratio of 0.50. Kimberly-Clark Co. has a one year low of $ 117.32 and a one year high of $ 145.79. The stock has a market cap of $ 44.50 billion, a PE ratio of 25.45, a P / E / G ratio of 4.38 and a beta of 0.37. The firm has a 50 day simple moving average of $ 132.40 and a two-hundred day simple moving average of $ 132.66.
Kimberly-Clark (NYSE: KMB – Get Rating) last announced its quarterly earnings data on Friday, April 22nd. The company reported $ 1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.23 by $ 0.12. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The company had revenue of $ 5.10 billion during the quarter, compared to analysts’ expectations of $ 4.92 billion. During the same quarter in the prior year, the company earned $ 1.80 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. On average, research analysts expect that Kimberly-Clark Co. will post 5.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Friday, June 10th will be paid a $ 1.16 dividend. The ex-dividend date is Thursday, June 9th. This represents a $ 4.64 dividend on an annualized basis and a dividend yield of 3.51%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.40%.
In other Kimberly-Clark news, insider Tristram Wilkinson sold 2,069 shares of the stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $ 137.17, for a total transaction of $ 283,804.73. Following the completion of the sale, the insider now owns 14,102 shares of the company stock, valued at approximately $ 1,934,371.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael D. Hsu sold 41,698 shares of the stock in a transaction on Thursday, May 12th. The shares were 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 of the company stock, valued at approximately $ 12,550,187.44. The disclosure for this sale can be found here. Insiders sold a total of 62,696 shares of company stock valued at $ 8,807,911 in the last ninety days. 0.55% of the stock is owned by corporate insiders.
Kimberly-Clark Company 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.
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co. (NYSE: KMB – Get Rating).
Receive News & Ratings for Kimberly-Clark Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Kimberly-Clark and related companies with MarketBeat.com’s FREE daily email newsletter.