First National Bank & Trust Co. of Newtown lowered its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 1.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,215 shares of the company’s stock after selling 398 shares during the period. Kimberly Clark makes up about 1.1% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 20th biggest position. First National Bank & Trust Co. of Newtown’s holdings in Kimberly Clark were worth $3,867,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc grew its stake in Kimberly Clark by 1.0% in the third quarter. Vanguard Group Inc now owns 26,068,811 shares of the company’s stock valued at $2,962,461,000 after acquiring an additional 264,393 shares during the period. BlackRock Inc. grew its stake in Kimberly Clark by 3.4% in the fourth quarter. BlackRock Inc. now owns 24,634,126 shares of the company’s stock valued at $2,806,813,000 after acquiring an additional 800,098 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Kimberly Clark by 0.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,183,043 shares of the company’s stock valued at $590,557,000 after acquiring an additional 47,837 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Kimberly Clark by 11,155.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,310,008 shares of the company’s stock valued at $38,000 after acquiring an additional 4,271,714 shares during the period. Finally, Geode Capital Management LLC grew its stake in Kimberly Clark by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock valued at $470,390,000 after acquiring an additional 308,810 shares during the period. 73.60% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on KMB shares. Barclays restated a “hold” rating and issued a $109.00 target price on shares of Kimberly Clark in a report on Friday, January 25th. ValuEngine upgraded Kimberly Clark from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Morgan Stanley upgraded Kimberly Clark from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $107.00 to $113.00 in a report on Thursday, January 24th. Finally, Macquarie upgraded Kimberly Clark from a “neutral” rating to an “outperform” rating and raised their target price for the company from $102.00 to $142.00 in a report on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Kimberly Clark has a consensus rating of “Hold” and a consensus price target of $120.24.
Shares of Kimberly Clark stock opened at $128.93 on Monday. The firm has a market cap of $44.33 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 3.76 and a beta of 0.61. Kimberly Clark Corp has a 12 month low of $99.36 and a 12 month high of $132.47. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.47 and a current ratio of 0.73.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, April 22nd. The company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.12. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.55 billion. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. Kimberly Clark’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.71 earnings per share. Research analysts anticipate that Kimberly Clark Corp will post 6.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $4.12 dividend on an annualized basis and a yield of 3.20%. Kimberly Clark’s dividend payout ratio (DPR) is currently 62.33%.
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Kimberly Clark Company 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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