Hancock Whitney Corp grew its stake in Kimberly Clark Corp (NYSE:KMB) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,768 shares of the company’s stock after purchasing an additional 1,753 shares during the quarter. Hancock Whitney Corp’s holdings in Kimberly Clark were worth $4,303,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of KMB. Moody National Bank Trust Division bought a new stake in Kimberly Clark during the fourth quarter worth $27,000. Proficio Capital Partners LLC lifted its holdings in Kimberly Clark by 76.9% during the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock worth $29,000 after acquiring an additional 110 shares during the period. First Mercantile Trust Co. lifted its holdings in Kimberly Clark by 154.5% during the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock worth $32,000 after acquiring an additional 170 shares during the period. Meeder Asset Management Inc. bought a new stake in Kimberly Clark during the fourth quarter worth $33,000. Finally, Loeb Partners Corp bought a new stake in Kimberly Clark during the fourth quarter worth $34,000. Institutional investors own 73.33% of the company’s stock.
In related news, insider Anthony J. Palmer sold 6,122 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $115.11, for a total transaction of $704,703.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.85% of the stock is owned by insiders.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Wednesday, January 23rd. The company reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.08). Kimberly Clark had a net margin of 7.63% and a return on equity of 1,156.45%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter last year, the firm posted $1.57 earnings per share. Kimberly Clark’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts anticipate that Kimberly Clark Corp will post 6.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.35%. This is a boost from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 7th. Kimberly Clark’s payout ratio is presently 62.33%.
A number of analysts recently commented on KMB shares. Barclays reiterated a “hold” rating and set a $109.00 price target on shares of Kimberly Clark in a report on Friday, January 25th. Morgan Stanley upgraded Kimberly Clark from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $107.00 to $113.00 in a report on Thursday, January 24th. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. JPMorgan Chase & Co. raised Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 target price for the company in a research report on Friday, January 18th. Finally, ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Kimberly Clark currently has an average rating of “Hold” and an average target price of $114.25.
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.
See Also: Diversification For Individual Investors
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.