Beacon Pointe Wealth Advisors LLC acquired a new position in Kimberly Clark Corp (NYSE:KMB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,618 shares of the company’s stock, valued at approximately $530,000.
A number of other institutional investors have also recently bought and sold shares of KMB. Moody National Bank Trust Division purchased a new stake in Kimberly Clark in the 4th quarter worth about $27,000. First Mercantile Trust Co. raised its position in Kimberly Clark by 154.5% in the 4th quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock worth $32,000 after purchasing an additional 170 shares during the period. Meeder Asset Management Inc. purchased a new stake in Kimberly Clark in the 4th quarter worth about $33,000. IMS Capital Management purchased a new position in shares of Kimberly Clark during the third quarter worth approximately $44,000. Finally, Intercontinental Wealth Advisors LLC purchased a new position in shares of Kimberly Clark during the fourth quarter worth approximately $72,000. 72.02% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on KMB shares. Morgan Stanley set a $100.00 target price on shares of Kimberly Clark and gave the stock a “sell” rating in a research report on Tuesday, October 23rd. ValuEngine lowered shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Wells Fargo & Co reaffirmed a “hold” rating and set a $105.00 target price on shares of Kimberly Clark in a research report on Wednesday, January 23rd. Barclays reaffirmed a “hold” rating and set a $109.00 target price on shares of Kimberly Clark in a research report on Friday, January 25th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $100.00 target price on shares of Kimberly Clark in a research report on Monday, October 22nd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $110.00.
Shares of KMB stock opened at $115.69 on Friday. The company has a market cap of $40.06 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.77. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $120.48.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Wednesday, January 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.08). The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Kimberly Clark had a net margin of 7.63% and a return on equity of 1,804.69%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share. Sell-side analysts anticipate that Kimberly Clark Corp will post 6.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.56%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, March 7th. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.51%.
In related news, VP Michael T. Azbell sold 13,565 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the transaction, the vice president now directly owns 6,432 shares of the company’s stock, valued at $739,680. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeffrey P. Melucci sold 1,000 shares of Kimberly Clark stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $111.18, for a total transaction of $111,180.00. Following the transaction, the senior vice president now directly owns 4,132 shares in the company, valued at $459,395.76. The disclosure for this sale can be found here. Company insiders own 0.64% 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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