New Mexico Educational Retirement Board lessened its position in Kimberly Clark Corp (NYSE:KMB) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,893 shares of the company’s stock after selling 700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Kimberly Clark were worth $3,580,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Berkshire Asset Management LLC PA increased its holdings in shares of Kimberly Clark by 0.6% in the 1st quarter. Berkshire Asset Management LLC PA now owns 108,395 shares of the company’s stock worth $13,430,000 after purchasing an additional 593 shares in the last quarter. BTIM Corp. increased its holdings in shares of Kimberly Clark by 0.7% in the 1st quarter. BTIM Corp. now owns 32,389 shares of the company’s stock worth $4,013,000 after purchasing an additional 225 shares in the last quarter. Allred Capital Management LLC increased its holdings in shares of Kimberly Clark by 12.0% in the 1st quarter. Allred Capital Management LLC now owns 2,309 shares of the company’s stock worth $283,000 after purchasing an additional 248 shares in the last quarter. American Research & Management Co. increased its holdings in shares of Kimberly Clark by 806.5% in the 1st quarter. American Research & Management Co. now owns 562 shares of the company’s stock worth $70,000 after purchasing an additional 500 shares in the last quarter. Finally, Asset Advisors Investment Management LLC increased its holdings in shares of Kimberly Clark by 1.1% in the 1st quarter. Asset Advisors Investment Management LLC now owns 45,985 shares of the company’s stock worth $5,698,000 after purchasing an additional 505 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.
In related news, insider Anthony J. Palmer sold 6,122 shares of Kimberly Clark stock in a transaction on Friday, February 8th. The stock was sold at an average price of $115.11, for a total transaction of $704,703.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.85% of the stock is currently owned by insiders.
KMB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 target price for the company in a report on Friday, January 18th. Morgan Stanley raised Kimberly Clark from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $107.00 to $113.00 in a report on Thursday, January 24th. Wells Fargo & Co lifted their price objective on Kimberly Clark from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Tuesday. ValuEngine lowered Kimberly Clark from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Exane BNP Paribas began coverage on Kimberly Clark in a report on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Kimberly Clark has a consensus rating of “Hold” and a consensus price target of $114.88.
NYSE KMB opened at $123.32 on Wednesday. The firm has a market cap of $42.44 billion, a P/E ratio of 18.66, a P/E/G ratio of 3.38 and a beta of 0.60. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $124.50.
Kimberly Clark (NYSE:KMB) last released its earnings results on Wednesday, January 23rd. The company reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.08). The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Kimberly Clark had a net margin of 7.63% and a return on equity of 1,156.45%. Kimberly Clark’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. On average, equities research analysts anticipate that Kimberly Clark Corp will post 6.6 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, March 7th. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.34%. Kimberly Clark’s payout ratio is 62.33%.
About Kimberly Clark
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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