Greenwich Wealth Management LLC purchased a new position in Kimberly Clark Corp (NYSE:KMB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,280 shares of the company’s stock, valued at approximately $300,000.
A number of other institutional investors have also modified their holdings of the company. WMS Partners LLC increased its position in shares of Kimberly Clark Corp by 17.4% in the third quarter. WMS Partners LLC now owns 4,727 shares of the company’s stock worth $596,000 after buying an additional 700 shares in the last quarter. First Midwest Bank Trust Division increased its position in Kimberly Clark Corp by 4.2% in the third quarter. First Midwest Bank Trust Division now owns 26,208 shares of the company’s stock valued at $3,306,000 after buying an additional 1,045 shares during the period. Rikoon Group LLC purchased a new position in Kimberly Clark Corp during the third quarter valued at $1,019,000. Coconut Grove Bank increased its position in Kimberly Clark Corp by 2.6% in the third quarter. Coconut Grove Bank now owns 8,489 shares of the company’s stock valued at $1,071,000 after buying an additional 212 shares during the period. Finally, Girard Partners LTD. increased its position in Kimberly Clark Corp by 5.4% in the third quarter. Girard Partners LTD. now owns 10,185 shares of the company’s stock valued at $1,285,000 after buying an additional 519 shares during the period. Institutional investors own 68.65% of the company’s stock.
Kimberly Clark Corp (NYSE:KMB) opened at 129.51 on Friday. Kimberly Clark Corp has a 12 month low of $111.30 and a 12 month high of $138.87. The stock has a market cap of $45.97 billion, a P/E ratio of 21.37 and a beta of 0.65. The company’s 50-day moving average price is $129.65 and its 200-day moving average price is $123.97.
Kimberly Clark Corp (NYSE:KMB) last posted its earnings results on Monday, April 24th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. Kimberly Clark Corp had a return on equity of 614.22% and a net margin of 11.90%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the prior year, the company earned $1.53 EPS. Kimberly Clark Corp’s revenue was up .2% on a year-over-year basis. Equities analysts forecast that Kimberly Clark Corp will post $6.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 9th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, June 7th. Kimberly Clark Corp’s payout ratio is currently 61.54%.
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Several equities analysts have recently weighed in on the company. B. Riley restated a “neutral” rating and issued a $128.00 target price on shares of Kimberly Clark Corp in a research report on Sunday, April 23rd. Jefferies Group LLC assumed coverage on Kimberly Clark Corp in a research report on Tuesday, April 18th. They issued a “hold” rating and a $134.00 target price on the stock. Royal Bank of Canada restated a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark Corp in a research report on Thursday, March 23rd. Zacks Investment Research upgraded Kimberly Clark Corp from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Wednesday, April 12th. Finally, Barclays PLC set a $135.00 target price on Kimberly Clark Corp and gave the company a “hold” rating in a research report on Saturday, February 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $133.50.
In other Kimberly Clark Corp news, SVP Sandra Macquillan sold 5,081 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $129.82, for a total transaction of $659,615.42. Following the transaction, the senior vice president now owns 5,364 shares of the company’s stock, valued at approximately $696,354.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Thomas J. Mielke sold 20,108 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total value of $2,576,035.88. Following the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.
Kimberly Clark Corp Company 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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