Beaumont Financial Partners LLC grew its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,164 shares of the company’s stock after buying an additional 311 shares during the quarter. Beaumont Financial Partners LLC’s holdings in Kimberly Clark were worth $985,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Kimberly Clark by 2.0% in the 2nd quarter. BlackRock Inc. now owns 24,953,446 shares of the company’s stock worth $3,325,795,000 after buying an additional 481,402 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Kimberly Clark by 5.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 3,867 shares of the company’s stock worth $549,000 after purchasing an additional 196 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Kimberly Clark by 11.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,467 shares of the company’s stock worth $3,191,000 after purchasing an additional 2,370 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Kimberly Clark by 0.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 56,628 shares of the company’s stock worth $8,043,000 after purchasing an additional 317 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Kimberly Clark by 18.2% in the 3rd quarter. Signaturefd LLC now owns 3,377 shares of the company’s stock worth $480,000 after purchasing an additional 521 shares during the period. 71.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:KMB opened at $144.74 on Friday. The company has a market cap of $50.12 billion, a P/E ratio of 23.20, a PEG ratio of 3.95 and a beta of 0.47. The company has a debt-to-equity ratio of 32.03, a quick ratio of 0.47 and a current ratio of 0.73. Kimberly Clark Corp has a one year low of $114.62 and a one year high of $149.23. The business’s 50-day simple moving average is $141.67 and its 200 day simple moving average is $137.77.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Thursday, January 23rd. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.70 by $0.01. The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.58 billion. Kimberly Clark had a return on equity of 3,809.60% and a net margin of 11.69%. The company’s revenue was up .3% on a year-over-year basis. During the same period last year, the business posted $1.60 EPS. Analysts predict that Kimberly Clark Corp will post 7.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a dividend of $1.07 per share. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Thursday, March 5th. Kimberly Clark’s dividend payout ratio (DPR) is presently 59.80%.
In other Kimberly Clark news, SVP J. Scott Boston sold 24,802 shares of Kimberly Clark stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $144.05, for a total transaction of $3,572,728.10. Following the sale, the senior vice president now directly owns 20,933 shares in the company, valued at approximately $3,015,398.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aaron Powell sold 3,670 shares of Kimberly Clark stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $145.30, for a total value of $533,251.00. Following the sale, the insider now owns 5,486 shares in the company, valued at $797,115.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,941 shares of company stock worth $4,173,815. Company insiders own 0.85% of the company’s stock.
A number of equities analysts have recently commented on the company. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Monday. Citigroup raised their price objective on Kimberly Clark from $123.00 to $135.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Deutsche Bank raised their price objective on Kimberly Clark from $126.00 to $132.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Royal Bank of Canada restated a “hold” rating and issued a $129.00 price objective on shares of Kimberly Clark in a report on Thursday, January 23rd. Finally, Morgan Stanley raised their price objective on Kimberly Clark from $139.00 to $140.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $142.64.
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.
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.