M&R Capital Management Inc. increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 15.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,395 shares of the company’s stock after purchasing an additional 315 shares during the quarter. M&R Capital Management Inc.’s holdings in Kimberly-Clark were worth $333,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Private Capital Group LLC grew its position in Kimberly-Clark by 3.3% during the 4th quarter. Private Capital Group LLC now owns 2,357 shares of the company’s stock worth $320,000 after acquiring an additional 75 shares during the last quarter. Cribstone Capital Management LLC grew its position in shares of Kimberly-Clark by 1.9% in the 4th quarter. Cribstone Capital Management LLC now owns 4,113 shares of the company’s stock worth $555,000 after buying an additional 78 shares during the last quarter. Diversified Trust Co grew its position in shares of Kimberly-Clark by 1.8% in the 4th quarter. Diversified Trust Co now owns 4,670 shares of the company’s stock worth $630,000 after buying an additional 81 shares during the last quarter. Stillwater Investment Management LLC grew its position in shares of Kimberly-Clark by 0.5% in the 4th quarter. Stillwater Investment Management LLC now owns 15,535 shares of the company’s stock worth $2,095,000 after buying an additional 82 shares during the last quarter. Finally, First Foundation Advisors grew its position in shares of Kimberly-Clark by 5.2% in the 4th quarter. First Foundation Advisors now owns 1,688 shares of the company’s stock worth $228,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 71.89% of the company’s stock.
In related news, insider Tristram Wilkinson sold 1,440 shares of the company’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $137.88, for a total transaction of $198,547.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Sunday, January 24th. The company reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.08. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Kimberly-Clark had a return on equity of 812.50% and a net margin of 12.49%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 earnings per share. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 5th. Investors of record on Friday, March 5th were given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Thursday, March 4th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.07. Kimberly-Clark’s dividend payout ratio is 66.18%.
KMB has been the topic of several research reports. Jefferies Financial Group lifted their price target on Kimberly-Clark from $152.00 to $156.00 and gave the company a “buy” rating in a research report on Tuesday, January 26th. Royal Bank of Canada dropped their price target on Kimberly-Clark from $152.00 to $147.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 26th. Citigroup dropped their price target on Kimberly-Clark from $127.00 to $122.00 in a research report on Tuesday, January 26th. Argus lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 26th. Finally, Sanford C. Bernstein initiated coverage on Kimberly-Clark in a research report on Tuesday, January 19th. They set a “market perform” rating and a $142.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $146.67.
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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