Paloma Partners Management Co reduced its stake in Kimberly Clark Corp (NYSE:KMB) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,251 shares of the company’s stock after selling 21,768 shares during the quarter. Paloma Partners Management Co’s holdings in Kimberly Clark were worth $7,873,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. San Francisco Sentry Investment Group CA increased its holdings in shares of Kimberly Clark by 2,385.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after purchasing an additional 954 shares during the period. Truewealth LLC bought a new position in shares of Kimberly Clark during the fourth quarter worth approximately $123,000. Shamrock Asset Management LLC increased its holdings in shares of Kimberly Clark by 220.5% during the fourth quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock worth $134,000 after purchasing an additional 763 shares during the period. MPS Loria Financial Planners LLC bought a new position in shares of Kimberly Clark during the second quarter worth approximately $150,000. Finally, Acrospire Investment Management LLC increased its holdings in shares of Kimberly Clark by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after purchasing an additional 300 shares during the period. 74.57% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Kimberly K. Underhill sold 23,158 shares of Kimberly Clark stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. The business had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. equities analysts anticipate that Kimberly Clark Corp will post 7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.57%. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. Kimberly Clark’s dividend payout ratio (DPR) is 64.62%.
Several brokerages have recently commented on KMB. Citigroup cut shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a report on Monday, December 11th. Deutsche Bank began coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Finally, Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $125.87.
Kimberly Clark Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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