Glenmede Trust Co. NA decreased its holdings in Kimberly Clark Corp (NYSE:KMB) by 22.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 333,789 shares of the company’s stock after selling 97,082 shares during the period. Glenmede Trust Co. NA owned about 0.10% of Kimberly Clark worth $40,273,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. San Francisco Sentry Investment Group CA grew its holdings in shares of Kimberly Clark by 2,385.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after buying an additional 954 shares during the last quarter. Truewealth LLC purchased a new stake in shares of Kimberly Clark during the fourth quarter valued at $123,000. Shamrock Asset Management LLC grew its holdings in shares of Kimberly Clark by 220.5% during 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 during the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Kimberly Clark during the second quarter valued at $150,000. Finally, Acrospire Investment Management LLC grew its holdings in shares of Kimberly Clark by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $155,000 after buying an additional 300 shares during the last quarter. 74.48% of the stock is owned by institutional investors.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the sale, the insider now directly owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same period in the prior year, the company earned $1.45 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. equities research analysts anticipate that Kimberly Clark Corp will post 7 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.57%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 8th. Kimberly Clark’s dividend payout ratio is presently 62.40%.
A number of equities research analysts have recently weighed in on KMB shares. Citigroup lowered shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a report on Monday, December 11th. Deutsche Bank started coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price objective on the stock. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a report on Wednesday, January 10th. Finally, Barclays set a $119.00 price objective on shares of Kimberly Clark and gave the company a “hold” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $125.44.
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Kimberly Clark 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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