BlackRock Inc. reduced its stake in Kimberly-Clark (NYSE:KMB) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,959,191 shares of the company’s stock after selling 836,135 shares during the period. BlackRock Inc. owned approximately 7.14% of Kimberly-Clark worth $2,748,755,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CNB Bank acquired a new stake in Kimberly-Clark in the fourth quarter valued at $105,000. Truewealth LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at $123,000. Centerpoint Advisors LLC raised its stake in Kimberly-Clark by 999.0% in the first quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock valued at $121,000 after buying an additional 999 shares in the last quarter. Shamrock Asset Management LLC raised its stake in Kimberly-Clark by 220.5% in 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 in the last quarter. Finally, Aevitas Wealth Management Inc. acquired a new stake in Kimberly-Clark in the fourth quarter valued at $156,000. Institutional investors and hedge funds own 73.54% of the company’s stock.
KMB has been the topic of a number of analyst reports. Zacks Investment Research upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Tuesday, April 3rd. TheStreet cut Kimberly-Clark from a “b” rating to a “c+” rating in a research note on Monday, April 23rd. Barclays set a $119.00 price target on Kimberly-Clark and gave the company a “hold” rating in a research note on Thursday, March 15th. Royal Bank of Canada restated an “in-line” rating on shares of Kimberly-Clark in a research note on Tuesday, April 24th. Finally, Wells Fargo & Co cut their price target on Kimberly-Clark from $117.00 to $108.00 and set a “market perform” rating on the stock in a research note on Thursday, April 19th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $119.33.
In other news, Director Robert W. Decherd acquired 2,000 shares of the company’s stock in a transaction on Tuesday, April 24th. The shares were bought at an average price of $100.05 per share, with a total value of $200,100.00. Following the completion of the acquisition, the director now owns 45,444 shares in the company, valued at approximately $4,546,672.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.64% of the company’s stock.
Shares of Kimberly-Clark opened at $104.78 on Wednesday, MarketBeat.com reports. The stock has a market cap of $36.21 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 2.10 and a beta of 0.66. Kimberly-Clark has a 1 year low of $97.10 and a 1 year high of $134.29. The company has a debt-to-equity ratio of 10.96, a quick ratio of 0.54 and a current ratio of 0.80.
Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, April 23rd. The company reported $1.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.71. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.60 billion. Kimberly-Clark had a return on equity of 398.41% and a net margin of 9.77%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 earnings per share. analysts predict that Kimberly-Clark will post 6.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Friday, June 8th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Thursday, June 7th. Kimberly-Clark’s payout ratio is 64.21%.
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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