First Financial Bank Trust Division trimmed its position in Kimberly Clark Corp (NYSE:KMB) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,729 shares of the company’s stock after selling 106 shares during the quarter. First Financial Bank Trust Division’s holdings in Kimberly Clark were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of KMB. First Hawaiian Bank increased its position in shares of Kimberly Clark by 11.3% during the 1st quarter. First Hawaiian Bank now owns 13,954 shares of the company’s stock valued at $1,729,000 after purchasing an additional 1,415 shares during the last quarter. Donaldson Capital Management LLC boosted its stake in Kimberly Clark by 16.7% in the 1st quarter. Donaldson Capital Management LLC now owns 2,800 shares of the company’s stock worth $347,000 after purchasing an additional 401 shares during the period. Park National Corp OH boosted its position in shares of Kimberly Clark by 20.7% during the 1st quarter. Park National Corp OH now owns 38,159 shares of the company’s stock valued at $4,728,000 after acquiring an additional 6,556 shares during the last quarter. Liberty Wealth Management LLC bought a new position in shares of Kimberly Clark during the 4th quarter valued at approximately $66,000. Finally, Pinnacle Bank purchased a new stake in Kimberly Clark in the fourth quarter worth $130,000. 73.34% of the stock is currently owned by institutional investors.
A number of research firms have recently issued reports on KMB. Wells Fargo & Co increased their price target on Kimberly Clark from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Tuesday. JPMorgan Chase & Co. raised Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price objective on the stock in a research report on Friday, January 18th. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a research report on Monday. Exane BNP Paribas initiated coverage on Kimberly Clark in a research report on Tuesday, February 12th. They set an “outperform” rating and a $130.00 price objective on the stock. Finally, Morgan Stanley raised Kimberly Clark from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $107.00 to $113.00 in a research report on Thursday, January 24th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Kimberly Clark has an average rating of “Hold” and a consensus price target of $114.88.
KMB stock traded up $0.13 during trading on Wednesday, hitting $123.45. 274,891 shares of the company traded hands, compared to its average volume of 1,241,877. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. The stock has a market cap of $42.44 billion, a P/E ratio of 18.68, a P/E/G ratio of 3.38 and a beta of 0.60. Kimberly Clark Corp has a 1 year low of $97.10 and a 1 year high of $124.50.
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 consensus estimate of $1.68 by ($0.08). The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Kimberly Clark had a net margin of 7.63% and a return on equity of 1,156.45%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 earnings per share. On average, research analysts predict that Kimberly Clark Corp will post 6.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were given a $1.03 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.34%. Kimberly Clark’s payout ratio is 62.33%.
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.
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