Riverview Trust Co Boosts Position in Kimberly Clark Corp (NYSE:KMB)

Riverview Trust Co grew its holdings in Kimberly Clark Corp (NYSE:KMB) by 43.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 431 shares of the company’s stock after acquiring an additional 131 shares during the period. Riverview Trust Co’s holdings in Kimberly Clark were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in KMB. Bank of New York Mellon Corp increased its stake in Kimberly Clark by 10.9% during the third quarter. Bank of New York Mellon Corp now owns 4,844,101 shares of the company’s stock worth $550,483,000 after acquiring an additional 477,773 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Kimberly Clark by 50.6% during the third quarter. Canada Pension Plan Investment Board now owns 21,198 shares of the company’s stock valued at $2,409,000 after buying an additional 7,124 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kimberly Clark by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 894,517 shares of the company’s stock valued at $101,647,000 after buying an additional 28,857 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Kimberly Clark by 16.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,976 shares of the company’s stock valued at $2,382,000 after buying an additional 2,910 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Kimberly Clark by 1.7% during the third quarter. LPL Financial LLC now owns 308,247 shares of the company’s stock valued at $35,029,000 after buying an additional 5,276 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

In other Kimberly Clark news, insider Anthony J. Palmer sold 6,122 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $115.11, for a total transaction of $704,703.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

A number of brokerages recently issued reports on KMB. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a report on Monday. BNP Paribas began coverage on Kimberly Clark in a report on Monday, February 11th. They issued an “outperform” rating and a $130.00 price target for the company. Barclays reiterated a “hold” rating and issued a $109.00 price target on shares of Kimberly Clark in a report on Friday, January 25th. Exane BNP Paribas started coverage on Kimberly Clark in a research report on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. 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. The company has a consensus rating of “Hold” and a consensus target price of $114.88.

Shares of Kimberly Clark stock traded up $0.05 during trading on Wednesday, hitting $123.37. 15,455 shares of the stock were exchanged, compared to its average volume of 1,241,877. The stock has a market cap of $42.44 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 3.38 and a beta of 0.60. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $124.50. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Wednesday, January 23rd. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.08). The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. Kimberly Clark had a net margin of 7.63% and a return on equity of 1,156.45%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 earnings per share. As a group, sell-side analysts forecast that Kimberly Clark Corp will post 6.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 7th. Kimberly Clark’s payout ratio is 62.33%.

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Kimberly Clark Profile

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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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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