Silver Lake Advisory LLC raised its holdings in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,896 shares of the company’s stock after acquiring an additional 95 shares during the quarter. Silver Lake Advisory LLC’s holdings in Kimberly-Clark were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. acquired a new position in shares of Kimberly-Clark in the 2nd quarter worth $26,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 3rd quarter worth about $29,000. DiNuzzo Private Wealth Inc. lifted its stake in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares in the last quarter. Kennebec Savings Bank acquired a new position in shares of Kimberly-Clark in the third quarter worth about $36,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Kimberly-Clark in the third quarter worth approximately $39,000. 76.29% of the stock is currently owned by institutional investors.
Insider Activity at Kimberly-Clark
In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.
Kimberly-Clark Trading Up 0.8 %
Kimberly-Clark (NYSE:KMB – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 EPS. Analysts expect that Kimberly-Clark Co. will post 7.32 EPS for the current fiscal year.
Kimberly-Clark Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.84%. Kimberly-Clark’s payout ratio is presently 63.29%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Citigroup dropped their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Finally, UBS Group decreased their price target on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.71.
View Our Latest Analysis on Kimberly-Clark
About Kimberly-Clark
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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