Cable Hill Partners LLC Decreases Holdings in Kimberly Clark Corp (KMB)
Cable Hill Partners LLC trimmed its position in Kimberly Clark Corp (NYSE:KMB) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,910 shares of the company’s stock after selling 838 shares during the quarter. Cable Hill Partners LLC’s holdings in Kimberly Clark were worth $345,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CNB Bank bought a new stake in shares of Kimberly Clark during the 4th quarter valued at $105,000. San Francisco Sentry Investment Group CA lifted its position in shares of Kimberly Clark by 2,385.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after acquiring an additional 954 shares during the period. Truewealth LLC bought a new stake in shares of Kimberly Clark during the 4th quarter valued at $123,000. Shamrock Asset Management LLC lifted its position in shares of Kimberly Clark by 220.5% during the 4th quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock valued at $134,000 after acquiring an additional 763 shares during the period. Finally, MPS Loria Financial Planners LLC bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at $150,000. 74.48% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Kimberly K. Underhill sold 23,158 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the completion of the sale, the insider now directly owns 31,141 shares in the company, valued at approximately $3,729,757.57. The sale was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by corporate insiders.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.03. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the prior year, the company earned $1.45 EPS. Kimberly Clark’s revenue for the quarter was up .8% on a year-over-year basis. analysts predict that Kimberly Clark Corp will post 7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be given a dividend of $1.00 per share. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Thursday, March 8th. Kimberly Clark’s dividend payout ratio is currently 62.40%.
A number of research firms have recently weighed in on KMB. Barclays set a $119.00 target price on Kimberly Clark and gave the company a “hold” rating in a research report on Thursday, March 15th. Citigroup set a $112.00 target price on Kimberly Clark and gave the company a “sell” rating in a research report on Wednesday, January 24th. Zacks Investment Research downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Deutsche Bank began coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. Kimberly Clark currently has an average rating of “Hold” and an average target price of $125.44.
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Kimberly Clark Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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