Capital Investment Counsel Inc decreased its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 51.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,611 shares of the company's stock after selling 4,933 shares during the period. Capital Investment Counsel Inc's holdings in Kimberly-Clark were worth $656,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. First Pacific Financial bought a new position in shares of Kimberly-Clark in the 1st quarter valued at about $26,000. Minot DeBlois Advisors LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at about $29,000. Rossby Financial LCC bought a new position in shares of Kimberly-Clark in the 1st quarter valued at about $37,000. Menard Financial Group LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at about $38,000. Finally, OFI Invest Asset Management bought a new position in Kimberly-Clark during the fourth quarter worth about $38,000. Institutional investors own 76.29% of the company's stock.
Insider Buying and Selling
In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the transaction, the insider directly owned 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Evercore ISI reduced their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Piper Sandler reduced their price target on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Barclays reduced their price target on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $143.50.
View Our Latest Stock Report on KMB
Kimberly-Clark Stock Performance
Shares of NYSE:KMB traded up $0.17 during trading on Friday, reaching $132.53. 1,015,997 shares of the stock were exchanged, compared to its average volume of 2,204,333. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The firm has a market cap of $43.97 billion, a PE ratio of 17.55, a PEG ratio of 4.46 and a beta of 0.35. The stock has a 50-day moving average price of $134.28 and a 200-day moving average price of $134.72. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.
Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the business earned $2.01 earnings per share. Research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.
Kimberly-Clark Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.80%. Kimberly-Clark's payout ratio is 68.66%.
Kimberly-Clark Profile
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Free Report)
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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