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.
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%.
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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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