51,593 Shares in Kimberly Clark Corp (NYSE:KMB) Purchased by Bartlett & Co. LLC
Bartlett & Co. LLC acquired a new position in Kimberly Clark Corp (NYSE:KMB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 51,593 shares of the company’s stock, valued at approximately $6,597,000.
Other hedge funds have also recently bought and sold shares of the company. John W. Brooker & Co. CPAs acquired a new position in shares of Kimberly Clark during the 4th quarter worth approximately $25,000. Princeton Global Asset Management LLC acquired a new position in shares of Kimberly Clark during the 4th quarter worth approximately $26,000. Moser Wealth Advisors LLC acquired a new position in shares of Kimberly Clark during the 4th quarter worth approximately $28,000. Sailer Financial LLC acquired a new position in shares of Kimberly Clark during the 4th quarter worth approximately $28,000. Finally, Red Door Wealth Management LLC acquired a new position in shares of Kimberly Clark during the 1st quarter worth approximately $31,000. Institutional investors own 73.99% of the company’s stock.
In other news, SVP J. Scott Boston sold 13,388 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $141.00, for a total transaction of $1,887,708.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kimberly K. Underhill sold 4,679 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $139.00, for a total value of $650,381.00. Following the sale, the insider now directly owns 42,643 shares in the company, valued at approximately $5,927,377. The disclosure for this sale can be found here. In the last three months, insiders sold 42,536 shares of company stock worth $5,969,866. 0.72% of the stock is owned by corporate insiders.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Wednesday, April 22nd. The company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.15. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $4.84 billion. Kimberly Clark had a return on equity of 2,686.77% and a net margin of 12.55%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 earnings per share. Sell-side analysts forecast that Kimberly Clark Corp will post 7.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, June 4th. Kimberly Clark’s payout ratio is 62.12%.
Several brokerages have recently weighed in on KMB. Jefferies Financial Group boosted their target price on Kimberly Clark from $149.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $149.00 price objective on shares of Kimberly Clark in a report on Wednesday, April 22nd. Morgan Stanley upped their price objective on Kimberly Clark from $133.00 to $146.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, Goldman Sachs Group upgraded Kimberly Clark to a “hold” rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $146.70.
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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