Beck Mack & Oliver LLC reduced its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,456 shares of the company’s stock after selling 999 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Kimberly Clark were worth $9,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Horan Capital Advisors LLC. bought a new position in Kimberly Clark in the first quarter valued at about $25,000. Phocas Financial Corp. bought a new position in Kimberly Clark in the fourth quarter valued at about $28,000. Proficio Capital Partners LLC lifted its holdings in Kimberly Clark by 76.9% in the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock valued at $29,000 after acquiring an additional 110 shares during the period. First Mercantile Trust Co. lifted its holdings in Kimberly Clark by 154.5% in the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock valued at $32,000 after acquiring an additional 170 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Kimberly Clark in the fourth quarter valued at about $33,000. 73.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KMB opened at $127.44 on Friday. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.73 and a quick ratio of 0.47. The stock has a market capitalization of $43.46 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 3.68 and a beta of 0.61. Kimberly Clark Corp has a 52 week low of $99.36 and a 52 week high of $132.47.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, April 22nd. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.12. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.71 earnings per share. As a group, research analysts anticipate that Kimberly Clark Corp will post 6.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 6th. Kimberly Clark’s payout ratio is 62.33%.
In related news, SVP Sandra Macquillan sold 5,385 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $126.15, for a total transaction of $679,317.75. Following the completion of the sale, the senior vice president now owns 15,814 shares in the company, valued at $1,994,936.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP J. Scott Boston sold 16,836 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $126.20, for a total value of $2,124,703.20. Following the sale, the senior vice president now owns 23,849 shares of the company’s stock, valued at approximately $3,009,743.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,573 shares of company stock valued at $41,797,502. Company insiders own 0.85% of the company’s stock.
A number of research firms have weighed in on KMB. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a report on Thursday, April 25th. Citigroup increased their target price on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a report on Tuesday, April 23rd. ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. BNP Paribas began coverage on Kimberly Clark in a report on Monday, February 11th. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, Barclays reissued a “hold” rating and issued a $109.00 target price on shares of Kimberly Clark in a report on Friday, January 25th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $120.24.
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.
Further Reading: Overbought
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.