Plimoth Trust Co. LLC reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,867 shares of the company’s stock after selling 95 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Kimberly-Clark were worth $638,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Forsta AP Fonden boosted its holdings in Kimberly-Clark by 0.6% during the fourth quarter. Forsta AP Fonden now owns 124,700 shares of the company’s stock worth $16,341,000 after purchasing an additional 800 shares during the last quarter. R Squared Ltd bought a new stake in Kimberly-Clark in the fourth quarter worth about $493,000. Williams & Novak LLC bought a new stake in Kimberly-Clark in the fourth quarter worth about $240,000. YHB Investment Advisors Inc. raised its position in Kimberly-Clark by 3.4% in the fourth quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock worth $330,000 after acquiring an additional 83 shares during the period. Finally, IRON Financial LLC raised its position in Kimberly-Clark by 2.7% in the fourth quarter. IRON Financial LLC now owns 5,788 shares of the company’s stock worth $758,000 after acquiring an additional 151 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.62% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Research Report on Kimberly-Clark
Kimberly-Clark Trading Up 0.6 %
NYSE:KMB traded up $0.76 during midday trading on Wednesday, reaching $130.20. 239,415 shares of the stock traded hands, compared to its average volume of 1,981,755. The company has a fifty day moving average of $131.63 and a 200 day moving average of $137.41. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a market capitalization of $43.42 billion, a P/E ratio of 16.88, a PEG ratio of 3.53 and a beta of 0.41.
Kimberly-Clark (NYSE:KMB – Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. On average, research analysts predict that Kimberly-Clark Co. will post 7.32 EPS for the current year.
Kimberly-Clark Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.87%. Kimberly-Clark’s dividend payout ratio is 63.29%.
Kimberly-Clark Company Profile
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.
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