WASHINGTON TRUST Co boosted its holdings in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,392 shares of the company’s stock after buying an additional 150 shares during the period. WASHINGTON TRUST Co’s holdings in Kimberly-Clark were worth $576,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. PUREfi Wealth LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $306,000. Blue Trust Inc. boosted its holdings in shares of Kimberly-Clark by 117.0% during the 4th quarter. Blue Trust Inc. now owns 10,479 shares of the company’s stock valued at $1,373,000 after purchasing an additional 5,649 shares during the last quarter. AustralianSuper Pty Ltd boosted its holdings in shares of Kimberly-Clark by 644.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 185,163 shares of the company’s stock valued at $24,264,000 after purchasing an additional 160,279 shares during the last quarter. Asset Planning Inc bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $919,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Kimberly-Clark by 3.0% during the 4th quarter. V Square Quantitative Management LLC now owns 7,293 shares of the company’s stock valued at $956,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. UBS Group increased their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. Barclays lowered their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $143.64.
Kimberly-Clark Stock Performance
Kimberly-Clark stock opened at $132.79 on Friday. The firm has a market capitalization of $44.28 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. The company’s 50-day moving average is $129.84 and its 200 day moving average is $136.51. Kimberly-Clark Co. has a 1-year low of $117.93 and a 1-year high of $149.30. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.
Kimberly-Clark (NYSE:KMB – Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Research analysts forecast that Kimberly-Clark Co. will post 7.51 EPS for the current year.
Kimberly-Clark Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.80%. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.
Insider Transactions at Kimberly-Clark
In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.62% of the company’s stock.
Kimberly-Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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