Ladenburg Thalmann Financial Services Inc. lessened its stake in Kimberly Clark Corp (NYSE:KMB) by 13.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,879 shares of the company’s stock after selling 14,460 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Kimberly Clark were worth $10,635,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in KMB. Profund Advisors LLC grew its stake in shares of Kimberly Clark by 5.2% during the 4th quarter. Profund Advisors LLC now owns 9,037 shares of the company’s stock worth $1,090,000 after purchasing an additional 445 shares during the period. ETRADE Capital Management LLC grew its stake in shares of Kimberly Clark by 1.9% during the 4th quarter. ETRADE Capital Management LLC now owns 23,896 shares of the company’s stock worth $2,883,000 after purchasing an additional 454 shares during the period. CWA Asset Management Group LLC grew its stake in shares of Kimberly Clark by 1.7% during the 4th quarter. CWA Asset Management Group LLC now owns 26,717 shares of the company’s stock worth $3,224,000 after purchasing an additional 457 shares during the period. Segall Bryant & Hamill LLC grew its stake in shares of Kimberly Clark by 1.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 41,666 shares of the company’s stock worth $5,027,000 after purchasing an additional 500 shares during the period. Finally, Tiemann Investment Advisors LLC grew its stake in shares of Kimberly Clark by 16.2% during the 1st quarter. Tiemann Investment Advisors LLC now owns 3,590 shares of the company’s stock worth $395,000 after purchasing an additional 500 shares during the period. 73.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Kimberly Clark from a “hold” rating to a “sell” rating in a research note on Tuesday. Morgan Stanley assumed coverage on shares of Kimberly Clark in a research note on Thursday, June 21st. They issued an “underweight” rating and a $94.00 price target on the stock. ValuEngine cut shares of Kimberly Clark from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Barclays reissued a “hold” rating and issued a $113.00 price target on shares of Kimberly Clark in a research note on Wednesday, April 25th. Finally, TheStreet lowered Kimberly Clark from a “b” rating to a “c+” rating in a report on Monday, April 23rd. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and a consensus price target of $113.64.
NYSE KMB opened at $105.34 on Friday. Kimberly Clark Corp has a 52 week low of $97.10 and a 52 week high of $130.05. The company has a debt-to-equity ratio of 10.96, a quick ratio of 0.54 and a current ratio of 0.80. The firm has a market cap of $36.52 billion, a PE ratio of 16.91, a P/E/G ratio of 2.19 and a beta of 0.67.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, April 23rd. The company reported $1.71 EPS for the quarter, hitting the consensus estimate of $1.71. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.60 billion. Kimberly Clark had a return on equity of 398.41% and a net margin of 9.77%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. sell-side analysts expect that Kimberly Clark Corp will post 6.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 8th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $4.00 annualized dividend and a yield of 3.80%. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.21%.
In related news, Director Robert W. Decherd acquired 2,000 shares of Kimberly Clark stock in a transaction that occurred on Tuesday, April 24th. The shares were purchased at an average cost of $100.05 per share, for a total transaction of $200,100.00. Following the acquisition, the director now owns 45,444 shares in the company, valued at $4,546,672.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey P. Melucci sold 330 shares of the business’s stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $105.97, for a total transaction of $34,970.10. Following the completion of the sale, the senior vice president now owns 5,132 shares in the company, valued at $543,838.04. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.
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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