Patten & Patten Inc. TN cut its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,190 shares of the company’s stock after selling 500 shares during the quarter. Patten & Patten Inc. TN’s holdings in Kimberly Clark were worth $2,625,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of KMB. Oregon Public Employees Retirement Fund increased its holdings in shares of Kimberly Clark by 11,155.0% during 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 in the last quarter. Norges Bank bought a new position in shares of Kimberly Clark during the fourth quarter valued at $337,207,000. Ronna Sue Cohen increased its holdings in shares of Kimberly Clark by 11,510.0% during the first quarter. Ronna Sue Cohen now owns 1,730,936 shares of the company’s stock valued at $1,731,000 after acquiring an additional 1,716,027 shares in the last quarter. Morgan Stanley increased its holdings in shares of Kimberly Clark by 50.8% during the third quarter. Morgan Stanley now owns 4,738,469 shares of the company’s stock valued at $538,482,000 after acquiring an additional 1,595,818 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Kimberly Clark by 1,023.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,429,049 shares of the company’s stock valued at $162,826,000 after acquiring an additional 1,301,816 shares in the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.
KMB has been the subject of several analyst reports. ValuEngine upgraded Kimberly Clark from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price objective for the company in a report on Monday, April 15th. Argus upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Tuesday. Morgan Stanley lifted their price objective on Kimberly Clark from $113.00 to $124.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $105.00 price objective on shares of Kimberly Clark in a report on Wednesday, January 23rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $119.50.
NYSE KMB traded down $4.54 during trading hours on Tuesday, hitting $125.71. The company’s stock had a trading volume of 4,040,449 shares, compared to its average volume of 1,900,273. The company has a market capitalization of $42.51 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 3.39 and a beta of 0.60. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.77. Kimberly Clark Corp has a 12 month low of $97.10 and a 12 month high of $132.47.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, April 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.12. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 EPS. On average, equities analysts predict that Kimberly Clark Corp will post 6.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were paid a dividend of $1.03 per share. This is an increase 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 3.28%. The ex-dividend date of this dividend was Thursday, March 7th. Kimberly Clark’s payout ratio 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.
Further Reading: Understanding each part of a balance sheet
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