First Bank & Trust raised its position in shares of Kimberly Clark Corp (NYSE:KMB) by 16.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,632 shares of the company’s stock after acquiring an additional 1,660 shares during the period. Kimberly Clark makes up 1.1% of First Bank & Trust’s portfolio, making the stock its 25th biggest position. First Bank & Trust’s holdings in Kimberly Clark were worth $1,442,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Signature Wealth Management Group lifted its holdings in shares of Kimberly Clark by 0.3% during the 4th quarter. Signature Wealth Management Group now owns 28,005 shares of the company’s stock worth $3,191,000 after acquiring an additional 88 shares during the period. Rehmann Capital Advisory Group grew its holdings in Kimberly Clark by 4.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,056 shares of the company’s stock valued at $234,000 after buying an additional 89 shares in the last quarter. Aspiriant LLC grew its holdings in Kimberly Clark by 4.9% in the 4th quarter. Aspiriant LLC now owns 1,952 shares of the company’s stock valued at $224,000 after buying an additional 92 shares in the last quarter. Sage Capital Advisors llc grew its holdings in Kimberly Clark by 0.4% in the 4th quarter. Sage Capital Advisors llc now owns 20,970 shares of the company’s stock valued at $2,389,000 after buying an additional 92 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its stake in shares of Kimberly Clark by 1.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 9,108 shares of the company’s stock valued at $1,037,000 after purchasing an additional 95 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,122 shares of the firm’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $115.11, for a total value of $704,703.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.85% of the stock is owned by corporate insiders.
Shares of Kimberly Clark stock traded up $0.08 during midday trading on Monday, reaching $123.26. The company had a trading volume of 7,124 shares, compared to its average volume of 1,338,295. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.77 and a quick ratio of 0.49. The firm has a market cap of $42.42 billion, a P/E ratio of 18.64, a P/E/G ratio of 3.39 and a beta of 0.60. Kimberly Clark Corp has a 1-year low of $97.10 and a 1-year high of $124.50.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Wednesday, January 23rd. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.08). Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the prior year, the business earned $1.57 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, sell-side analysts expect that Kimberly Clark Corp will post 6.59 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were paid a dividend of $1.03 per share. The ex-dividend date was Thursday, March 7th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.34%. Kimberly Clark’s dividend payout ratio is currently 62.33%.
Several research firms recently issued reports on KMB. Barclays reissued a “hold” rating and set a $109.00 target price on shares of Kimberly Clark in a research note on Friday, January 25th. Morgan Stanley upgraded Kimberly Clark from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $107.00 to $113.00 in a research note on Thursday, January 24th. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. JPMorgan Chase & Co. raised Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price objective for the company in a report on Friday, January 18th. Finally, ValuEngine lowered Kimberly Clark from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $112.67.
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About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional 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, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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