First Citizens Bank & Trust Co. raised its position in Kimberly Clark Corp (NYSE:KMB) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,241 shares of the company’s stock after buying an additional 704 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Kimberly Clark were worth $1,881,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of KMB. QCI Asset Management Inc. NY grew its position in shares of Kimberly Clark by 4.9% in the second quarter. QCI Asset Management Inc. NY now owns 1,574 shares of the company’s stock valued at $210,000 after purchasing an additional 73 shares in the last quarter. Berman Capital Advisors LLC boosted its holdings in shares of Kimberly Clark by 25.6% in the 2nd quarter. Berman Capital Advisors LLC now owns 368 shares of the company’s stock worth $49,000 after purchasing an additional 75 shares in the last quarter. TrinityPoint Wealth LLC boosted its holdings in shares of Kimberly Clark by 3.4% in the 2nd quarter. TrinityPoint Wealth LLC now owns 2,255 shares of the company’s stock worth $304,000 after purchasing an additional 75 shares in the last quarter. MBM Wealth Consultants LLC boosted its holdings in shares of Kimberly Clark by 1.9% in the 2nd quarter. MBM Wealth Consultants LLC now owns 4,134 shares of the company’s stock worth $551,000 after purchasing an additional 77 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in shares of Kimberly Clark by 0.7% in the 2nd quarter. GW&K Investment Management LLC now owns 11,324 shares of the company’s stock worth $1,509,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 71.93% of the company’s stock.
In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 26,839 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the transaction, the senior vice president now owns 17,304 shares in the company, valued at approximately $2,442,805.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Achal Agarwal sold 8,947 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $139.50, for a total value of $1,248,106.50. Following the transaction, the insider now owns 57,103 shares in the company, valued at approximately $7,965,868.50. The disclosure for this sale can be found here. Insiders have sold a total of 44,584 shares of company stock valued at $6,242,483 in the last ninety days. 0.85% of the stock is currently owned by corporate insiders.
Kimberly Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.60 billion. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. Kimberly Clark’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.59 EPS. As a group, equities research analysts forecast that Kimberly Clark Corp will post 6.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, September 5th. Kimberly Clark’s payout ratio is 62.33%.
A number of research firms have recently issued reports on KMB. Atlantic Securities upgraded Kimberly Clark from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 24th. Wells Fargo & Co upped their price objective on Kimberly Clark from $130.00 to $132.00 and gave the stock a “market perform” rating in a report on Tuesday. Bank of America upgraded Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Friday, September 27th. Morgan Stanley boosted their target price on Kimberly Clark from $147.00 to $149.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Barclays raised Kimberly Clark from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $144.00 to $152.00 in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $136.92.
Kimberly Clark Profile
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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