FormulaFolio Investments LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 154.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,075 shares of the company’s stock after acquiring an additional 2,472 shares during the period. FormulaFolio Investments LLC’s holdings in Kimberly-Clark were worth $549,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Robinson Value Management Ltd. bought a new stake in Kimberly-Clark in the 4th quarter valued at approximately $27,000. Retirement Group LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at approximately $29,000. Princeton Global Asset Management LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at approximately $30,000. Syverson Strege & Co bought a new stake in Kimberly-Clark in the 4th quarter valued at approximately $33,000. Finally, Tacita Capital Inc bought a new stake in Kimberly-Clark in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 71.89% of the company’s stock.
NYSE:KMB opened at $136.94 on Thursday. The stock has a fifty day moving average price of $133.10 and a 200-day moving average price of $136.89. The company has a market cap of $46.29 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.10 and a beta of 0.50. The company has a debt-to-equity ratio of 13.61, a quick ratio of 0.70 and a current ratio of 1.00. Kimberly-Clark Co. has a fifty-two week low of $128.02 and a fifty-two week high of $160.16.
Kimberly-Clark (NYSE:KMB) last released its earnings results on Sunday, January 24th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. Kimberly-Clark had a return on equity of 812.50% and a net margin of 12.49%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the prior year, the company posted $1.71 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Kimberly-Clark Co. will post 7.67 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 5th. Investors of record on Friday, March 5th were given a dividend of $1.14 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.07. This represents a $4.56 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, March 4th. Kimberly-Clark’s dividend payout ratio is currently 66.18%.
A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $123.00 price objective (down previously from $144.00) on shares of Kimberly-Clark in a research note on Thursday, March 25th. Royal Bank of Canada dropped their price objective on Kimberly-Clark from $152.00 to $147.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 26th. Citigroup dropped their price objective on Kimberly-Clark from $127.00 to $122.00 in a research note on Tuesday, January 26th. Jefferies Financial Group boosted their target price on Kimberly-Clark from $152.00 to $156.00 and gave the stock a “buy” rating in a report on Tuesday, January 26th. Finally, Bank of America decreased their target price on Kimberly-Clark from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Kimberly-Clark has an average rating of “Hold” and a consensus price target of $146.67.
In other Kimberly-Clark news, insider Tristram Wilkinson sold 1,440 shares of the stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $137.88, for a total value of $198,547.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by corporate insiders.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue 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, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
See Also: Liquidity
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