Sequent Asset Management LLC acquired a new stake in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,801 shares of the company’s stock, valued at approximately $237,000.
A number of other institutional investors have also bought and sold shares of KMB. Independent Advisor Alliance bought a new stake in shares of Kimberly-Clark Corporation during the fourth quarter valued at about $314,000. Archford Capital Strategies LLC increased its stake in Kimberly-Clark Corporation by 3.3% in the fourth quarter. Archford Capital Strategies LLC now owns 12,116 shares of the company’s stock worth $1,382,000 after buying an additional 391 shares during the last quarter. IFM Investors Pty Ltd acquired a new stake in Kimberly-Clark Corporation during the fourth quarter worth $534,000. Advantage Investment Management LLC acquired a new stake in Kimberly-Clark Corporation during the fourth quarter worth $169,000. Finally, GSB Wealth Management LLC acquired a new stake in Kimberly-Clark Corporation during the fourth quarter worth $284,000. Institutional investors and hedge funds own 70.62% of the company’s stock.
Kimberly-Clark Corporation (NYSE:KMB) traded down 0.44% during mid-day trading on Thursday, reaching $121.07. 1,361,972 shares of the company’s stock traded hands. The company has a market cap of $42.77 billion, a P/E ratio of 20.22 and a beta of 0.76. The stock has a 50 day moving average of $125.40 and a 200 day moving average of $128.48. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 EPS. On average, equities research analysts predict that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.20%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.
KMB has been the subject of a number of analyst reports. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Citigroup Inc. set a $134.00 target price on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th. Vetr cut shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating and set a $139.00 target price on the stock. in a research note on Tuesday, April 18th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $133.14.
In other news, Director Robert W. Decherd acquired 1,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $122.21 per share, with a total value of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sergio Cruz sold 7,078 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total value of $920,210.78. Following the sale, the insider now owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
About Kimberly-Clark Corporation
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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