Legacy Private Trust Co. lowered its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,275 shares of the company's stock after selling 4,165 shares during the quarter. Legacy Private Trust Co.'s holdings in Kimberly-Clark were worth $6,825,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. New Millennium Group LLC bought a new position in shares of Kimberly-Clark in the second quarter valued at about $27,000. Newbridge Financial Services Group Inc. raised its position in shares of Kimberly-Clark by 103.4% in the third quarter. Newbridge Financial Services Group Inc. now owns 364 shares of the company's stock valued at $41,000 after purchasing an additional 185 shares during the period. Carolinas Wealth Consulting LLC raised its position in shares of Kimberly-Clark by 5,145.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 13,165 shares of the company's stock valued at $48,000 after purchasing an additional 12,914 shares during the period. Missouri Trust & Investment Co raised its position in shares of Kimberly-Clark by 72.7% in the third quarter. Missouri Trust & Investment Co now owns 475 shares of the company's stock valued at $53,000 after purchasing an additional 200 shares during the period. Finally, Cowa LLC bought a new position in shares of Kimberly-Clark in the first quarter valued at about $54,000. Institutional investors and hedge funds own 74.16% of the company's stock.
Get Kimberly-Clark alerts:Analyst Ratings Changes
Several equities analysts have recently weighed in on KMB shares. Jefferies Financial Group lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating and increased their price objective for the company from $137.00 to $139.00 in a research report on Wednesday, January 4th. Deutsche Bank Aktiengesellschaft raised shares of Kimberly-Clark from a "sell" rating to a "hold" rating and raised their price target for the stock from $122.00 to $123.00 in a research report on Monday, March 20th. Wells Fargo & Company lowered their price target on shares of Kimberly-Clark from $135.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 26th. UBS Group raised their price target on shares of Kimberly-Clark from $129.00 to $136.00 and gave the stock a "neutral" rating in a research report on Monday, January 23rd. Finally, StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $128.09.
Kimberly-Clark Trading Up 2.4 %
Shares of KMB opened at $130.48 on Monday. The business's 50-day moving average price is $128.50 and its 200-day moving average price is $127.62. Kimberly-Clark Co. has a twelve month low of $108.74 and a twelve month high of $144.53. The stock has a market cap of $44.03 billion, a PE ratio of 22.81, a P/E/G ratio of 2.18 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.78 and a debt-to-equity ratio of 10.83.
Kimberly-Clark (NYSE:KMB – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.03. The company had revenue of $4.96 billion for the quarter, compared to analysts' expectations of $4.99 billion. Kimberly-Clark had a net margin of 9.59% and a return on equity of 264.67%. Kimberly-Clark's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 earnings per share. On average, equities analysts forecast that Kimberly-Clark Co. will post 5.92 EPS for the current fiscal year.
Kimberly-Clark Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Friday, March 10th will be given a dividend of $1.18 per share. The ex-dividend date is Thursday, March 9th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.16. This represents a $4.72 annualized dividend and a dividend yield of 3.62%. Kimberly-Clark's dividend payout ratio (DPR) is 82.52%.
Kimberly-Clark Company Profile
(Get Rating)
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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