Tyche Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,141 shares of the company’s stock, valued at approximately $625,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Kimberly-Clark by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after buying an additional 177,712 shares during the period. Geode Capital Management LLC raised its position in Kimberly-Clark by 1.7% in the first quarter. Geode Capital Management LLC now owns 6,465,213 shares of the company’s stock valued at $866,180,000 after purchasing an additional 108,050 shares during the period. American Century Companies Inc. lifted its stake in shares of Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after purchasing an additional 641,187 shares during the last quarter. Morgan Stanley grew its holdings in shares of Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after purchasing an additional 212,739 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its position in shares of Kimberly-Clark by 123,302.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock worth $601,394,000 after purchasing an additional 4,426,568 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.
Insider Buying and Selling
In other news, Director Mark T. Smucker acquired 827 shares of the company’s stock in a transaction on Monday, January 29th. The shares were bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares in the company, valued at approximately $100,050.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark T. Smucker acquired 827 shares of the stock in a transaction on Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is owned by company insiders.
Analysts Set New Price Targets
View Our Latest Analysis on KMB
Kimberly-Clark Stock Down 0.1 %
Shares of NYSE:KMB traded down $0.12 during trading hours on Wednesday, reaching $125.28. The stock had a trading volume of 2,296,007 shares, compared to its average volume of 1,909,675. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The firm’s 50 day moving average is $123.91 and its 200-day moving average is $122.23. The stock has a market capitalization of $42.21 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 3.77 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87.
Kimberly-Clark (NYSE:KMB – Get Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Research analysts predict that Kimberly-Clark Co. will post 6.84 earnings per share for the current fiscal year.
Kimberly-Clark Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.90%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend was Thursday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is 93.85%.
About Kimberly-Clark
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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