Meitav Dash Investments Ltd. purchased a new position in Kimberly Clark Corp (NYSE:KMB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,100 shares of the company’s stock, valued at approximately $426,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Glassman Wealth Services boosted its stake in Kimberly Clark by 145.1% during the 3rd quarter. Glassman Wealth Services now owns 174 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. John W. Brooker & Co. CPAs acquired a new stake in Kimberly Clark during the 4th quarter worth about $25,000. Princeton Global Asset Management LLC purchased a new position in Kimberly Clark during the 4th quarter valued at about $26,000. Manchester Financial Inc. purchased a new position in Kimberly Clark during the 4th quarter valued at about $35,000. Finally, TFO TDC LLC acquired a new position in shares of Kimberly Clark in the 4th quarter valued at about $36,000. 72.26% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:KMB traded down $3.55 on Thursday, reaching $134.71. The company had a trading volume of 235,414 shares, compared to its average volume of 1,219,468. Kimberly Clark Corp has a twelve month low of $114.62 and a twelve month high of $149.23. The stock has a 50-day moving average price of $143.12 and a 200 day moving average price of $138.16. The stock has a market capitalization of $47.40 billion, a P/E ratio of 21.62, a P/E/G ratio of 3.73 and a beta of 0.47. The company has a quick ratio of 0.47, a current ratio of 0.73 and a debt-to-equity ratio of 32.03.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Thursday, January 23rd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.01. The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.58 billion. Kimberly Clark had a return on equity of 3,809.60% and a net margin of 11.69%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 EPS. On average, sell-side analysts predict that Kimberly Clark Corp will post 7.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a $1.07 dividend. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.18%. Kimberly Clark’s dividend payout ratio (DPR) is currently 59.80%.
In other news, SVP J. Scott Boston sold 24,802 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $144.05, for a total value of $3,572,728.10. Following the sale, the senior vice president now owns 20,933 shares in the company, valued at $3,015,398.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tristram Wilkinson sold 469 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $144.64, for a total transaction of $67,836.16. Following the completion of the sale, the insider now owns 6,079 shares in the company, valued at approximately $879,266.56. The disclosure for this sale can be found here. In the last three months, insiders sold 28,941 shares of company stock worth $4,173,815. Insiders own 0.85% of the company’s stock.
KMB has been the topic of several research reports. Citigroup upped their target price on Kimberly Clark from $123.00 to $135.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Morgan Stanley lifted their price target on Kimberly Clark from $139.00 to $140.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Deutsche Bank increased their price objective on Kimberly Clark from $126.00 to $132.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $129.00 price objective on shares of Kimberly Clark in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $142.64.
Kimberly Clark Company Profile
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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