We Are One Seven LLC boosted its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 78.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 8,775 shares of the company’s stock after purchasing an additional 3,858 shares during the period. We Are One Seven LLC’s holdings in Kimberly Clark were worth $1,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers Trust Co. increased its position in Kimberly Clark by 40.4% during the 1st quarter. Farmers Trust Co. now owns 5,119 shares of the company’s stock valued at $634,000 after purchasing an additional 1,473 shares during the period. Juncture Wealth Strategies LLC increased its position in Kimberly Clark by 56.7% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,700 shares of the company’s stock valued at $582,000 after purchasing an additional 1,700 shares during the period. Aries Wealth Management increased its position in Kimberly Clark by 22.3% during the 1st quarter. Aries Wealth Management now owns 4,892 shares of the company’s stock valued at $606,000 after purchasing an additional 892 shares during the period. Douglass Winthrop Advisors LLC increased its position in Kimberly Clark by 33.4% during the 1st quarter. Douglass Winthrop Advisors LLC now owns 11,652 shares of the company’s stock valued at $1,444,000 after purchasing an additional 2,915 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Kimberly Clark by 3.1% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 4,465 shares of the company’s stock valued at $553,000 after purchasing an additional 135 shares during the period. Institutional investors own 73.33% of the company’s stock.

A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. BNP Paribas assumed coverage on shares of Kimberly Clark in a research report on Monday, February 11th. They issued an “outperform” rating and a $130.00 price objective on the stock. Barclays reaffirmed a “hold” rating and issued a $109.00 price objective on shares of Kimberly Clark in a research report on Friday, January 25th. Exane BNP Paribas assumed coverage on shares of Kimberly Clark in a research report on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 price objective on the stock. Finally, ValuEngine raised shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.19.

In other Kimberly Clark news, insider Anthony J. Palmer sold 6,122 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $115.11, for a total transaction of $704,703.42. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.85% of the stock is currently owned by insiders.

Shares of Kimberly Clark stock opened at $121.34 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $124.50. The company has a market capitalization of $41.75 billion, a PE ratio of 18.36, a PEG ratio of 3.37 and a beta of 0.60.

Kimberly Clark (NYSE:KMB) last released its earnings results on Wednesday, January 23rd. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.08). The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 EPS. On average, equities research analysts expect that Kimberly Clark Corp will post 6.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. Kimberly Clark’s payout ratio is currently 62.33%.

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

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