Signature Wealth Management Group raised its holdings in shares of Kimberly-Clark Co. (NYSE: KMB – Get Rating) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,474 shares of the company stock after buying an additional 2,879 shares during the period. Signature Wealth Management Group’s holdings in Kimberly-Clark were worth $ 3,507,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in KMB. Dark Forest Capital Management LP acquired a new position in Kimberly-Clark during the third quarter valued at approximately $ 54,000. Cetera Advisors LLC lifted its position in Kimberly-Clark by 10.5% during the third quarter. Cetera Advisors LLC now owns 14,536 shares of the company stock valued at $ 1,925,000 after buying an additional 1,377 shares in the last quarter. Colony Group LLC lifted its position in Kimberly-Clark by 3.5% during the third quarter. Colony Group LLC now owns 6,070 shares of the company stock valued at $ 804,000 after buying an additional 206 shares in the last quarter. CFS Investment Advisory Services LLC acquired a new position in Kimberly-Clark during the third quarter valued at approximately $ 1,551,000. Finally, EP Wealth Advisors LLC lifted its position in Kimberly-Clark by 19.4% during the third quarter. EP Wealth Advisors LLC now owns 6,471 shares of the company stock valued at $ 857,000 after buying an additional 1,052 shares in the last quarter. 74.32% of the stock is currently owned by hedge funds and other institutional investors.
KMB has been the topic of a number of recent research reports. Barclays reduced 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 research report on Monday, May 23rd. Royal Bank of Canada boosted their target price on shares of Kimberly-Clark from $ 122.00 to $ 124.00 and gave the stock a “sector perform” rating in a research report on Monday, April 25th. Morgan Stanley boosted their target price on shares of Kimberly-Clark from $ 133.00 to $ 137.00 and gave the stock an “equal weight” rating in a research report on Monday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $ 118.00 to $ 113.00 in a research report on Wednesday, March 30th. Finally, StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Monday, June 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $ 132.60.
KMB stock opened at $ 134.46 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 1-year low of $ 117.32 and a 1-year high of $ 145.79. The firm has a fifty day moving average price of $ 132.56 and a two-hundred day moving average price of $ 132.64. The firm has a market cap of $ 45.30 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 4.54 and a beta of 0.37.
Kimberly-Clark (NYSE: KMB – Get Rating) last released its earnings results on Friday, April 22nd. The company reported $ 1.35 earnings per share for the quarter, beating the consensus estimate of $ 1.23 by $ 0.12. Kimberly-Clark had a net margin of 8.86% and a return on equity of 253.93%. The firm had revenue of $ 5.10 billion during the quarter, compared to analyst estimates of $ 4.92 billion. During the same quarter in the previous year, the firm earned $ 1.80 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts expect that Kimberly-Clark Co. will post 5.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Shareholders of record on Friday, June 10th will be paid a dividend of $ 1.16 per share. The ex-dividend date is Thursday, June 9th. This represents a $ 4.64 annualized dividend and a yield of 3.45%. Kimberly-Clark’s payout ratio is 89.40%.
In other news, CEO Michael D. Hsu sold 41,698 shares of the company stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 89,593 shares in the company, valued at $ 12,550,187.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Doug Cunningham sold 3,627 shares of the company stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $ 138.00, for a total transaction of $ 500,526.00. Following the transaction, the insider now owns 4,242 shares of the company stock, valued at approximately $ 585,396. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,696 shares of company stock valued at $ 8,807,911. 0.55% of the stock is owned by insiders.
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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