Essex Savings Bank Buys New Position in Kimberly Clark Corp (KMB)

Essex Savings Bank bought a new stake in shares of Kimberly Clark Corp (NYSE:KMB) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,897 shares of the company’s stock, valued at approximately $1,356,000. Kimberly Clark makes up 0.8% of Essex Savings Bank’s portfolio, making the stock its 23rd biggest position.

Other large investors have also added to or reduced their stakes in the company. Wetherby Asset Management Inc. grew its stake in shares of Kimberly Clark by 1.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 9,108 shares of the company’s stock valued at $1,037,000 after buying an additional 95 shares in the last quarter. First Personal Financial Services lifted its holdings in Kimberly Clark by 11.8% in the 4th quarter. First Personal Financial Services now owns 926 shares of the company’s stock worth $106,000 after purchasing an additional 98 shares during the last quarter. Stonebridge Capital Management Inc. lifted its holdings in Kimberly Clark by 1.0% in the 4th quarter. Stonebridge Capital Management Inc. now owns 9,800 shares of the company’s stock worth $1,117,000 after purchasing an additional 100 shares during the last quarter. Stillwater Investment Management LLC lifted its holdings in Kimberly Clark by 0.8% in the 4th quarter. Stillwater Investment Management LLC now owns 15,358 shares of the company’s stock worth $1,750,000 after purchasing an additional 129 shares during the last quarter. Finally, First Interstate Bank lifted its holdings in Kimberly Clark by 15.0% in the 4th quarter. First Interstate Bank now owns 1,231 shares of the company’s stock worth $141,000 after purchasing an additional 161 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors.

Shares of KMB stock opened at $115.69 on Friday. Kimberly Clark Corp has a 12 month low of $97.10 and a 12 month high of $120.48. The company has a market cap of $39.26 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 3.13 and a beta of 0.57. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.77 and a quick ratio of 0.49.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Wednesday, January 23rd. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.08). Kimberly Clark had a return on equity of 1,804.69% and a net margin of 7.63%. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Equities analysts anticipate that Kimberly Clark Corp will post 6.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th will be issued a dividend of $1.03 per share. The ex-dividend date is Thursday, March 7th. This is a positive change 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 3.56%. Kimberly Clark’s payout ratio is 60.51%.

Several equities research analysts recently weighed in on the company. Barclays restated a “hold” rating and issued a $109.00 target price on shares of Kimberly Clark in a report on Friday, January 25th. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Wells Fargo & Co restated a “hold” rating and issued a $105.00 target price on shares of Kimberly Clark in a report on Wednesday, January 23rd. ValuEngine upgraded Kimberly Clark from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Finally, Citigroup boosted their target price on Kimberly Clark from $93.00 to $95.00 and gave the stock a “sell” rating in a report on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. Kimberly Clark presently has an average rating of “Hold” and an average price target of $110.00.

In related news, SVP Jeffrey P. Melucci sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total value of $111,180.00. Following the completion of the transaction, the senior vice president now directly owns 4,132 shares in the company, valued at $459,395.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael T. Azbell sold 13,565 shares of the company’s stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $115.00, for a total value of $1,559,975.00. Following the completion of the transaction, the vice president now owns 6,432 shares of the company’s stock, valued at $739,680. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

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

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