Indiana Trust & Investment Management CO Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)


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Indiana Trust & Investment Management CO acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the 1st quarter, Holdings Channel.com reports. The firm acquired 1,488 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds also recently modified their holdings of the business. Private Capital Group LLC lifted its position in Kimberly-Clark by 3.3% during the fourth quarter. Private Capital Group LLC now owns 2,357 shares of the company’s stock worth $320,000 after acquiring an additional 75 shares during the last quarter. Cribstone Capital Management LLC lifted its position in Kimberly-Clark by 1.9% during the fourth quarter. Cribstone Capital Management LLC now owns 4,113 shares of the company’s stock worth $555,000 after acquiring an additional 78 shares during the last quarter. Diversified Trust Co lifted its position in Kimberly-Clark by 1.8% during the fourth quarter. Diversified Trust Co now owns 4,670 shares of the company’s stock worth $630,000 after acquiring an additional 81 shares during the last quarter. Stillwater Investment Management LLC lifted its position in Kimberly-Clark by 0.5% during the fourth quarter. Stillwater Investment Management LLC now owns 15,535 shares of the company’s stock worth $2,095,000 after acquiring an additional 82 shares during the last quarter. Finally, First Foundation Advisors raised its position in shares of Kimberly-Clark by 5.2% in the fourth quarter. First Foundation Advisors now owns 1,688 shares of the company’s stock valued at $228,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 71.89% of the company’s stock.

KMB traded up $0.21 during trading on Thursday, reaching $137.15. 26,333 shares of the stock traded hands, compared to its average volume of 2,253,788. The company has a quick ratio of 0.70, a current ratio of 1.00 and a debt-to-equity ratio of 13.61. The stock has a market capitalization of $46.36 billion, a PE ratio of 19.90, a P/E/G ratio of 3.10 and a beta of 0.50. The stock’s 50-day moving average is $133.10 and its 200 day moving average is $136.89. Kimberly-Clark Co. has a 12 month low of $128.02 and a 12 month high of $160.16.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Sunday, January 24th. The company reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.08. Kimberly-Clark had a net margin of 12.49% and a return on equity of 812.50%. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 5th. Stockholders of record on Friday, March 5th were issued a dividend of $1.14 per share. The ex-dividend date was Thursday, March 4th. This represents a $4.56 annualized dividend and a dividend yield of 3.32%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.07. Kimberly-Clark’s dividend payout ratio is currently 66.18%.

In other news, insider Tristram Wilkinson sold 1,440 shares of the company’s stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $137.88, for a total transaction of $198,547.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by corporate insiders.

Several brokerages have commented on KMB. JPMorgan Chase & Co. restated an “underweight” rating and set a $123.00 price objective (down from $144.00) on shares of Kimberly-Clark in a research report on Thursday, March 25th. Royal Bank of Canada lowered their price objective on shares of Kimberly-Clark from $152.00 to $147.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 26th. Argus downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 26th. Citigroup decreased their target price on shares of Kimberly-Clark from $127.00 to $122.00 in a research note on Tuesday, January 26th. Finally, Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $146.00 target price on the stock in a research note on Thursday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Kimberly-Clark presently has an average rating of “Hold” and an average price target of $146.67.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue 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, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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