Welch Investments LLC increased its position in Kimberly Clark Corp (NYSE:KMB) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,814 shares of the company’s stock after purchasing an additional 2,616 shares during the quarter. Kimberly Clark makes up about 3.0% of Welch Investments LLC’s investment portfolio, making the stock its 27th largest holding. Welch Investments LLC’s holdings in Kimberly Clark were worth $4,683,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. San Francisco Sentry Investment Group CA raised its stake in Kimberly Clark by 2,385.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after buying an additional 954 shares during the last quarter. Heritage Trust Co raised its stake in Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after buying an additional 100 shares during the last quarter. Shamrock Asset Management LLC raised its stake in Kimberly Clark by 220.5% during the fourth quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock valued at $134,000 after buying an additional 763 shares during the last quarter. Armbruster Capital Management Inc. raised its stake in Kimberly Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after buying an additional 143 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its stake in Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after buying an additional 6 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.
Several research analysts have recently weighed in on the company. Barclays restated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Zacks Investment Research cut Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. JPMorgan Chase & Co. cut Kimberly Clark from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $115.55 to $100.00 in a research note on Friday, October 20th. Citigroup set a $112.00 price target on Kimberly Clark and gave the stock a “sell” rating in a research note on Wednesday, January 24th. Finally, Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and boosted their price target for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. Kimberly Clark presently has an average rating of “Hold” and a consensus price target of $126.44.
Shares of Kimberly Clark Corp (KMB) traded up $2.94 on Monday, hitting $114.38. The company had a trading volume of 1,125,486 shares, compared to its average volume of 2,873,668. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34. Kimberly Clark Corp has a one year low of $109.51 and a one year high of $136.21. The company has a market capitalization of $39,082.71, a price-to-earnings ratio of 17.75, a P/E/G ratio of 2.02 and a beta of 0.66.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. Kimberly Clark’s revenue was up .8% compared to the same quarter last year. research analysts anticipate that Kimberly Clark Corp will post 6.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s payout ratio is currently 60.53%.
Kimberly Clark Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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