Trust Co. of Toledo NA OH lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,563 shares of the company’s stock after selling 941 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Kimberly-Clark were worth $1,885,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in Kimberly-Clark during the 4th quarter valued at approximately $15,045,000. Rockland Trust Co. grew its position in shares of Kimberly-Clark by 7.8% in the 4th quarter. Rockland Trust Co. now owns 42,886 shares of the company’s stock worth $5,782,000 after acquiring an additional 3,108 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Kimberly-Clark by 11.0% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 2,068,457 shares of the company’s stock worth $278,890,000 after acquiring an additional 205,737 shares in the last quarter. Surevest LLC grew its position in shares of Kimberly-Clark by 12.1% in the 4th quarter. Surevest LLC now owns 25,514 shares of the company’s stock worth $3,440,000 after acquiring an additional 2,762 shares in the last quarter. Finally, Vident Investment Advisory LLC grew its position in shares of Kimberly-Clark by 15.9% in the 4th quarter. Vident Investment Advisory LLC now owns 21,156 shares of the company’s stock worth $2,853,000 after acquiring an additional 2,906 shares in the last quarter. Hedge funds and other institutional investors own 71.89% of the company’s stock.
In other Kimberly-Clark news, insider Tristram Wilkinson sold 1,440 shares of Kimberly-Clark stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $137.88, for a total transaction of $198,547.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.72% of the stock is owned by insiders.
Kimberly-Clark (NYSE:KMB) last announced its earnings results on Sunday, January 24th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.73 billion. Kimberly-Clark had a return on equity of 812.50% and a net margin of 12.49%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 EPS. On average, analysts expect that Kimberly-Clark Co. will post 7.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 5th. Shareholders of record on Friday, March 5th were paid a dividend of $1.14 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $4.56 annualized dividend and a yield of 3.32%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.07. Kimberly-Clark’s payout ratio is presently 66.18%.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Kimberly-Clark from a “sell” rating to a “hold” rating and set a $146.00 target price for the company in a research report on Thursday, January 28th. Argus lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 26th. Bank of America cut their price target on Kimberly-Clark from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $123.00 price target (down previously from $144.00) on shares of Kimberly-Clark in a report on Thursday, March 25th. Finally, Royal Bank of Canada cut their price target on Kimberly-Clark from $152.00 to $147.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $146.67.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue 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, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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