Smithfield Trust Co Raises Holdings in Kimberly-Clark Co. (NYSE:KMB)

Smithfield Trust Co increased its position in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,225 shares of the company’s stock after purchasing an additional 135 shares during the period. Smithfield Trust Co’s holdings in Kimberly-Clark were worth $872,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KMB. Principal Securities Inc. purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $815,000. Savoir Faire Capital Management L.P. lifted its holdings in Kimberly-Clark by 3.6% during the fourth quarter. Savoir Faire Capital Management L.P. now owns 27,008 shares of the company’s stock worth $3,282,000 after buying an additional 932 shares during the period. National Pension Service increased its holdings in shares of Kimberly-Clark by 3.1% in the 4th quarter. National Pension Service now owns 833,376 shares of the company’s stock valued at $101,264,000 after acquiring an additional 25,077 shares during the period. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Kimberly-Clark in the 4th quarter worth $119,000. Finally, Barlow Wealth Partners Inc. purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth $273,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

NYSE:KMB traded up $0.01 during midday trading on Friday, hitting $136.67. The company’s stock had a trading volume of 989,440 shares, compared to its average volume of 2,599,982. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $145.29. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The firm has a market cap of $46.02 billion, a P/E ratio of 25.12, a P/E/G ratio of 3.87 and a beta of 0.38. The firm’s 50 day moving average is $128.68 and its 200-day moving average is $123.80.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Co. will post 7.01 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 annualized dividend and a dividend yield of 3.57%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Wall Street Analyst Weigh In

A number of brokerages have commented on KMB. HSBC boosted their target price on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Royal Bank of Canada boosted their price objective on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group raised their target price on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. Finally, UBS Group increased their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $134.85.

Check Out Our Latest Research Report on Kimberly-Clark

Insider Transactions at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Doug Cunningham sold 3,833 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. Insiders have sold 24,395 shares of company stock worth $3,332,776 over the last quarter. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

See Also

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 Co. (NYSE:KMBFree Report).

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

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