WBI Investments LLC bought a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,567 shares of the company's stock, valued at approximately $4,137,000. Kimberly-Clark comprises about 1.0% of WBI Investments LLC's investment portfolio, making the stock its 16th largest holding.
Several other large investors also recently made changes to their positions in the stock. Texas Bank & Trust Co bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $331,000. Tidal Investments LLC grew its position in Kimberly-Clark by 8.6% during the fourth quarter. Tidal Investments LLC now owns 36,872 shares of the company's stock worth $4,832,000 after buying an additional 2,925 shares in the last quarter. Teza Capital Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at about $932,000. State of Wyoming raised its holdings in Kimberly-Clark by 107.3% in the 4th quarter. State of Wyoming now owns 2,794 shares of the company's stock valued at $366,000 after buying an additional 1,446 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC boosted its holdings in Kimberly-Clark by 3.8% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 3,211 shares of the company's stock valued at $421,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 76.29% of the company's stock.
Analyst Upgrades and Downgrades
KMB has been the topic of several analyst reports. UBS Group boosted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Royal Bank of Canada decreased their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Barclays lowered their price objective on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. StockNews.com cut Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of "Hold" and an average price target of $145.08.
View Our Latest Report on Kimberly-Clark
Kimberly-Clark Trading Up 1.4%
Shares of KMB opened at $139.33 on Monday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market capitalization of $46.23 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 4.46 and a beta of 0.35. The company has a 50-day moving average of $137.09 and a 200 day moving average of $134.75. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45.
Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping 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 analysts' expectations of $4.90 billion. During the same period last year, the business earned $2.01 EPS. On average, research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.
Kimberly-Clark Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.62%. Kimberly-Clark's dividend payout ratio (DPR) is 68.66%.
Insider Buying and Selling
In other news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the transaction, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. The trade was a 58.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Katy Chen sold 740 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider now owns 3,997 shares of the company's stock, valued at $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,872 shares of company stock valued at $2,208,684. 0.64% of the stock is currently owned by insiders.
About Kimberly-Clark
(
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.
See Also
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