Tdam USA Inc. lessened its stake in Kimberly Clark Corp (NYSE:KMB) by 12.3% in the first quarter, Holdings Channel reports. The firm owned 31,209 shares of the company’s stock after selling 4,395 shares during the period. Tdam USA Inc.’s holdings in Kimberly Clark were worth $3,867,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC increased its holdings in shares of Kimberly Clark by 1.1% in the first quarter. Thoroughbred Financial Services LLC now owns 8,033 shares of the company’s stock worth $995,000 after acquiring an additional 84 shares in the last quarter. Winslow Evans & Crocker Inc. grew its holdings in shares of Kimberly Clark by 5.8% during the first quarter. Winslow Evans & Crocker Inc. now owns 1,560 shares of the company’s stock worth $194,000 after buying an additional 86 shares in the last quarter. Signature Wealth Management Group grew its holdings in shares of Kimberly Clark by 0.3% during the fourth quarter. Signature Wealth Management Group now owns 28,005 shares of the company’s stock worth $3,191,000 after buying an additional 88 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Kimberly Clark by 4.5% during the fourth quarter. Rehmann Capital Advisory Group now owns 2,056 shares of the company’s stock worth $234,000 after buying an additional 89 shares in the last quarter. Finally, Dowling & Yahnke LLC grew its holdings in shares of Kimberly Clark by 0.4% during the first quarter. Dowling & Yahnke LLC now owns 22,185 shares of the company’s stock worth $2,749,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.
Several research analysts recently commented on KMB shares. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research report on Thursday, April 25th. Citigroup increased their price target on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research report on Tuesday, April 23rd. BNP Paribas started coverage on Kimberly Clark in a research report on Monday, February 11th. They set an “outperform” rating and a $130.00 price target for the company. Barclays reissued a “hold” rating and set a $109.00 price target on shares of Kimberly Clark in a research report on Friday, January 25th. Finally, Exane BNP Paribas started coverage on Kimberly Clark in a research report on Tuesday, February 12th. They set an “outperform” rating and a $130.00 price target for the company. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $120.24.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, April 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.12. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same period last year, the firm posted $1.71 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Kimberly Clark Corp will post 6.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a $1.03 dividend. The ex-dividend date is Thursday, June 6th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.15%. Kimberly Clark’s payout ratio is 62.33%.
In other news, insider Thomas J. Falk sold 303,578 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was 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 directly owns 83,717 shares of the company’s stock, valued at $10,519,878.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas J. Falk sold 58,218 shares of the firm’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 value of $7,436,185.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 446,313 shares of company stock valued at $56,436,155. Insiders own 0.85% of the company’s stock.
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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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