Integrated Investment Consultants LLC bought a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,488 shares of the company's stock, valued at approximately $981,000.
Other large investors have also modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the second quarter valued at about $26,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the third quarter worth $29,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock worth $32,000 after buying an additional 202 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark in the third quarter valued at $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 76.29% of the company's stock.
Insider Activity
In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares of the company's stock, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.62% of the company's stock.
Kimberly-Clark Stock Up 0.5 %
Shares of Kimberly-Clark stock traded up $0.68 during trading hours on Friday, hitting $127.33. The company had a trading volume of 2,056,622 shares, compared to its average volume of 1,808,543. The company's 50-day moving average is $132.41 and its two-hundred day moving average is $137.98. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The company has a market cap of $42.46 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41.
Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Kimberly-Clark's revenue for the quarter was down 3.5% on a year-over-year basis. Analysts anticipate that Kimberly-Clark Co. will post 7.31 earnings per share for the current fiscal year.
Kimberly-Clark Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark's dividend payout ratio is currently 63.29%.
Analyst Upgrades and Downgrades
KMB has been the subject of several research reports. Barclays dropped their target price on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a research report on Friday. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research note on Thursday. Royal Bank of Canada restated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. TD Cowen lowered Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. Finally, UBS Group lowered their target price on Kimberly-Clark from $151.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $143.71.
Get Our Latest Analysis on KMB
About Kimberly-Clark
(
Free Report)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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