Wallington Asset Management LLC decreased its position in Kimberly-Clark (NYSE:KMB) by 2.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,220 shares of the company’s stock after selling 1,115 shares during the period. Kimberly-Clark comprises 1.6% of Wallington Asset Management LLC’s investment portfolio, making the stock its 28th biggest position. Wallington Asset Management LLC’s holdings in Kimberly-Clark were worth $6,081,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CNB Bank purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $105,000. Truewealth LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $123,000. Shamrock Asset Management LLC grew its stake in Kimberly-Clark by 220.5% during the 4th quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock valued at $134,000 after acquiring an additional 763 shares in the last quarter. Aevitas Wealth Management Inc. purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $156,000. Finally, Tortoise Investment Management LLC grew its stake in Kimberly-Clark by 110.5% during the 3rd quarter. Tortoise Investment Management LLC now owns 1,524 shares of the company’s stock valued at $179,000 after acquiring an additional 800 shares in the last quarter. 75.96% of the stock is owned by institutional investors.
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Shares of Kimberly-Clark opened at $104.89 on Thursday, MarketBeat.com reports. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 10.96. Kimberly-Clark has a one year low of $103.88 and a one year high of $105.02. The company has a market capitalization of $36.33 billion, a PE ratio of 16.84, a P/E/G ratio of 2.11 and a beta of 0.66.
Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, April 23rd. The company reported $1.71 EPS for the quarter, hitting the consensus estimate of $1.71. Kimberly-Clark had a net margin of 9.77% and a return on equity of 398.41%. The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the business posted $1.57 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. equities analysts expect that Kimberly-Clark will post 6.94 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Friday, June 8th will be issued a $1.00 dividend. The ex-dividend date is Thursday, June 7th. This represents a $4.00 annualized dividend and a dividend yield of 3.81%. Kimberly-Clark’s dividend payout ratio is currently 64.21%.
In related news, Director Robert W. Decherd acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 24th. The shares were purchased at an average cost of $100.05 per share, for a total transaction of $200,100.00. Following the acquisition, the director now owns 45,444 shares in the company, valued at approximately $4,546,672.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.
Several analysts recently issued reports on KMB shares. Zacks Investment Research cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Wells Fargo decreased their target price on shares of Kimberly-Clark from $117.00 to $108.00 and set a “market perform” rating on the stock in a report on Thursday, April 19th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $110.00 target price (down from $115.00) on shares of Kimberly-Clark in a report on Tuesday, April 24th. Citigroup set a $112.00 target price on shares of Kimberly-Clark and gave the company a “sell” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase decreased their target price on shares of Kimberly-Clark from $104.00 to $86.00 and set an “underweight” rating on the stock in a report on Tuesday, April 24th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $119.33.
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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