OmniStar Financial Group Inc. cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 47.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,964 shares of the company's stock after selling 5,427 shares during the period. OmniStar Financial Group Inc.'s holdings in Kimberly-Clark were worth $810,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of KMB. Fairfield Bush & CO. purchased a new stake in Kimberly-Clark during the first quarter valued at approximately $96,000. Sei Investments Co. raised its holdings in shares of Kimberly-Clark by 22.2% in the first quarter. Sei Investments Co. now owns 190,867 shares of the company's stock worth $23,483,000 after buying an additional 34,646 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Kimberly-Clark by 2.8% in the first quarter. Baird Financial Group Inc. now owns 292,834 shares of the company's stock worth $36,066,000 after buying an additional 7,878 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Kimberly-Clark by 23.9% in the first quarter. Merit Financial Group LLC now owns 4,102 shares of the company's stock worth $505,000 after buying an additional 791 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Kimberly-Clark by 28.7% in the first quarter. NewEdge Advisors LLC now owns 20,180 shares of the company's stock worth $2,485,000 after buying an additional 4,503 shares during the last quarter. 74.16% of the stock is currently owned by institutional investors.
Get Kimberly-Clark alerts:Analyst Upgrades and Downgrades
KMB has been the subject of several recent research reports. Barclays reduced their target price on shares of Kimberly-Clark from $146.00 to $126.00 and set an "equal weight" rating for the company in a report on Friday, January 27th. Citigroup started coverage on shares of Kimberly-Clark in a research report on Thursday, February 16th. They set a "sell" rating and a $120.00 price target on the stock. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. lifted their target price on shares of Kimberly-Clark from $124.00 to $125.00 and gave the company an "underweight" rating in a research report on Thursday, January 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Kimberly-Clark from a "sell" rating to a "hold" rating and lifted their target price for the company from $122.00 to $123.00 in a research report on Monday, March 20th. 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, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus price target of $128.09.
Kimberly-Clark Trading Down 0.1 %
KMB stock traded down $0.17 during trading on Monday, reaching $130.31. 330,106 shares of the stock were exchanged, compared to its average volume of 1,724,859. The company has a current ratio of 0.78, a quick ratio of 0.47 and a debt-to-equity ratio of 10.83. The business has a 50 day moving average price of $128.50 and a 200-day moving average price of $127.62. Kimberly-Clark Co. has a 1 year low of $108.74 and a 1 year high of $144.53. The firm has a market capitalization of $43.97 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 2.24 and a beta of 0.39.
Kimberly-Clark (NYSE:KMB – Get Rating) last issued its earnings results on Wednesday, January 25th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.03. Kimberly-Clark had a net margin of 9.59% and a return on equity of 264.67%. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. Kimberly-Clark's quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts predict that Kimberly-Clark Co. will post 5.92 earnings per share for the current year.
Kimberly-Clark Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th will be paid a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.62%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Thursday, March 9th. Kimberly-Clark's payout ratio 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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