FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in Kimberly Clark Corp (NYSE:KMB) by 7.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,118 shares of the company’s stock after purchasing an additional 300 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Kimberly Clark were worth $510,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Horan Capital Advisors LLC. bought a new position in shares of Kimberly Clark in the first quarter worth about $25,000. Phocas Financial Corp. bought a new position in shares of Kimberly Clark in the fourth quarter worth about $28,000. Proficio Capital Partners LLC raised its stake in shares of Kimberly Clark by 76.9% in the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock worth $29,000 after acquiring an additional 110 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Kimberly Clark by 154.5% in the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock worth $32,000 after acquiring an additional 170 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Kimberly Clark in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 73.60% of the company’s stock.
In other Kimberly Clark news, insider Thomas J. Falk sold 303,578 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $125.66, for a total value of $38,147,611.48. Following the completion of the sale, the insider now owns 83,717 shares of the company’s stock, valued at $10,519,878.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas J. Falk sold 58,218 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $127.73, for a total transaction of $7,436,185.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 397,777 shares of company stock valued at $50,121,049. 0.85% of the stock is currently owned by insiders.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, April 22nd. The company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.12. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. Kimberly Clark’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. On average, equities research analysts anticipate that Kimberly Clark Corp will post 6.66 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, June 6th. Kimberly Clark’s dividend payout ratio (DPR) is 62.33%.
A number of equities analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Kimberly Clark from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 12th. Wells Fargo & Co boosted their target price on shares of Kimberly Clark from $105.00 to $115.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Citigroup boosted their target price on shares of Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a research note on Tuesday, April 23rd. Exane BNP Paribas assumed coverage on shares of Kimberly Clark in a research note on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 target price for the company. Finally, Argus raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Kimberly Clark has an average rating of “Hold” and a consensus price target of $120.24.
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About Kimberly Clark
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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