Stock Yards Bank & Trust Co. decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 22.2% in the 1st quarter, HoldingsChannel reports. The fund owned 5,616 shares of the company’s stock after selling 1,607 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Kimberly-Clark were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of KMB. Robinson Value Management Ltd. acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $27,000. Retirement Group LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $29,000. Princeton Global Asset Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $30,000. Syverson Strege & Co bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $33,000. Finally, Tacita Capital Inc bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $34,000. 71.89% of the stock is owned by institutional investors and hedge funds.
In other news, insider Tristram Wilkinson sold 1,440 shares of the business’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.72% of the company’s stock.
Kimberly-Clark stock opened at $138.93 on Friday. Kimberly-Clark Co. has a 52 week low of $128.02 and a 52 week high of $160.16. The company has a debt-to-equity ratio of 13.61, a quick ratio of 0.70 and a current ratio of 1.00. The stock has a market capitalization of $46.96 billion, a P/E ratio of 20.19, a PEG ratio of 3.10 and a beta of 0.50. The stock has a 50-day simple moving average of $134.05 and a 200 day simple moving average of $136.52.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Sunday, January 24th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. Kimberly-Clark had a return on equity of 812.50% and a net margin of 12.49%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter last year, the company posted $1.71 earnings per share. Kimberly-Clark’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Kimberly-Clark Co. will post 7.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 5th. Investors of record on Friday, March 5th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $4.56 dividend on an annualized basis and a yield of 3.28%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.07. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.18%.
Kimberly-Clark Company Profile
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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