Drexel Morgan & Co. Has $754,000 Stake in Kimberly Clark Corp (KMB)

Drexel Morgan & Co. maintained its position in shares of Kimberly Clark Corp (NYSE:KMB) during the fourth quarter, Holdings Channel reports. The fund owned 6,607 shares of the company’s stock at the end of the fourth quarter. Drexel Morgan & Co.’s holdings in Kimberly Clark Corp were worth $754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMB. BKS Advisors LLC increased its position in shares of Kimberly Clark Corp by 0.3% in the third quarter. BKS Advisors LLC now owns 1,898 shares of the company’s stock valued at $239,000 after buying an additional 5 shares during the period. Delta Asset Management LLC TN increased its position in shares of Kimberly Clark Corp by 0.4% in the third quarter. Delta Asset Management LLC TN now owns 2,740 shares of the company’s stock valued at $346,000 after buying an additional 10 shares during the period. Ausdal Financial Partners Inc. increased its position in shares of Kimberly Clark Corp by 0.7% in the third quarter. Ausdal Financial Partners Inc. now owns 2,040 shares of the company’s stock valued at $257,000 after buying an additional 15 shares during the period. Nwam LLC increased its position in shares of Kimberly Clark Corp by 1.1% in the third quarter. Nwam LLC now owns 1,649 shares of the company’s stock valued at $208,000 after buying an additional 18 shares during the period. Finally, FTB Advisors Inc. increased its position in shares of Kimberly Clark Corp by 1.2% in the third quarter. FTB Advisors Inc. now owns 1,761 shares of the company’s stock valued at $218,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 68.65% of the company’s stock.

Institutional Ownership by Quarter for Kimberly Clark Corp (NYSE:KMB)

Shares of Kimberly Clark Corp (NYSE:KMB) opened at 133.26 on Monday. The stock’s 50 day moving average is $128.84 and its 200 day moving average is $120.93. Kimberly Clark Corp has a 12 month low of $111.30 and a 12 month high of $138.87. The firm has a market capitalization of $47.48 billion, a price-to-earnings ratio of 22.25 and a beta of 0.65.

Kimberly Clark Corp (NYSE:KMB) last posted its earnings results on Tuesday, January 24th. The company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.03. Kimberly Clark Corp had a return on equity of 614.22% and a net margin of 11.90%. The business had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Kimberly Clark Corp will post $6.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, March 8th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.91%. This is a boost from Kimberly Clark Corp’s previous quarterly dividend of $0.92. Kimberly Clark Corp’s payout ratio is 61.54%.

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Several research firms have recently issued reports on KMB. Barclays PLC set a $135.00 price objective on shares of Kimberly Clark Corp and gave the stock a “hold” rating in a report on Saturday, February 18th. B. Riley restated a “neutral” rating and set a $128.00 price objective on shares of Kimberly Clark Corp in a report on Monday, January 30th. Vetr upgraded shares of Kimberly Clark Corp from a “strong sell” rating to a “hold” rating and set a $134.50 price objective on the stock in a report on Monday, March 13th. Zacks Investment Research upgraded shares of Kimberly Clark Corp from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. Finally, Societe Generale downgraded shares of Kimberly Clark Corp from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $139.00 to $144.00 in a report on Friday, March 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $132.05.

In other news, insider Kimberly K. Underhill sold 4,000 shares of Kimberly Clark Corp stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $120.95, for a total transaction of $483,800.00. Following the sale, the insider now owns 17,912 shares in the company, valued at $2,166,456.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is currently owned by insiders.

About Kimberly Clark Corp

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.

5 Day Chart for NYSE:KMB

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

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