1,723 Shares in Kimberly Clark Corp (KMB) Acquired by Eagle Ridge Investment Management

Eagle Ridge Investment Management acquired a new stake in Kimberly Clark Corp (NYSE:KMB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,723 shares of the company’s stock, valued at approximately $213,000.

Other institutional investors have also recently made changes to their positions in the company. Horan Capital Advisors LLC. acquired a new stake in Kimberly Clark in the first quarter valued at approximately $25,000. Phocas Financial Corp. acquired a new stake in Kimberly Clark in the fourth quarter valued at approximately $28,000. Proficio Capital Partners LLC grew its stake in Kimberly Clark by 76.9% in the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock valued at $29,000 after acquiring an additional 110 shares during the period. First Mercantile Trust Co. grew its stake in Kimberly Clark by 154.5% in the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock valued at $32,000 after acquiring an additional 170 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Kimberly Clark in the fourth quarter valued at approximately $33,000. 73.60% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research note on Thursday, April 25th. Citigroup raised their price objective on Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research note on Tuesday, April 23rd. BNP Paribas assumed coverage on Kimberly Clark in a research note on Monday, February 11th. They issued an “outperform” rating and a $130.00 price objective for the company. Barclays reissued a “hold” rating and issued a $109.00 price objective on shares of Kimberly Clark in a research note on Friday, January 25th. Finally, Exane BNP Paribas assumed coverage on Kimberly Clark in a research note on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 price objective for the company. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Kimberly Clark has a consensus rating of “Hold” and an average target price of $120.24.

In related news, insider Thomas J. Falk sold 303,578 shares of Kimberly Clark stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $125.66, for a total transaction of $38,147,611.48. Following the sale, the insider now directly owns 83,717 shares in the company, valued at $10,519,878.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Sandra Macquillan sold 16,848 shares of Kimberly Clark stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $128.76, for a total value of $2,169,348.48. Following the sale, the senior vice president now owns 26,934 shares in the company, valued at $3,468,021.84. The disclosure for this sale can be found here. Insiders sold 414,625 shares of company stock worth $52,290,397 in the last 90 days. Corporate insiders own 0.85% of the company’s stock.

KMB stock opened at $130.08 on Wednesday. Kimberly Clark Corp has a twelve month low of $99.36 and a twelve 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. The company has a market capitalization of $44.33 billion, a PE ratio of 19.68, a P/E/G ratio of 3.76 and a beta of 0.61.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, April 22nd. The company reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.12. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.55 billion. During the same quarter last year, the company earned $1.71 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts anticipate that Kimberly Clark Corp will post 6.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a $1.03 dividend. The ex-dividend date is Thursday, June 6th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.17%. Kimberly Clark’s dividend payout ratio is presently 62.33%.

COPYRIGHT VIOLATION WARNING: “1,723 Shares in Kimberly Clark Corp (KMB) Acquired by Eagle Ridge Investment Management” was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.baseballdailydigest.com/news/2019/05/22/1723-shares-in-kimberly-clark-corp-kmb-acquired-by-eagle-ridge-investment-management.html.

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.

See Also: Understanding the different types of bonds

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

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

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.