Raymond James Trust N.A. Buys 728 Shares of Kimberly Clark Corp (KMB)
Raymond James Trust N.A. boosted its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 40,230 shares of the company’s stock after buying an additional 728 shares during the quarter. Raymond James Trust N.A.’s holdings in Kimberly Clark were worth $4,985,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Moody National Bank Trust Division acquired a new position in Kimberly Clark during the 4th quarter worth about $27,000. Phocas Financial Corp. acquired a new position in shares of Kimberly Clark in the 4th quarter valued at about $28,000. Proficio Capital Partners LLC lifted its stake in shares of Kimberly Clark by 76.9% in the 4th quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock valued at $29,000 after purchasing an additional 110 shares during the period. First Mercantile Trust Co. lifted its stake in shares of Kimberly Clark by 154.5% in the 4th quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock valued at $32,000 after purchasing an additional 170 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Kimberly Clark in the 4th quarter valued at about $33,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.
KMB stock traded down $0.18 during trading on Monday, reaching $123.00. 977,125 shares of the stock were exchanged, compared to its average volume of 1,862,436. Kimberly Clark Corp has a twelve month low of $97.10 and a twelve month high of $124.50. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.77. The company has a market cap of $42.42 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 3.39 and a beta of 0.60.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were paid a dividend of $1.03 per share. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, March 7th. Kimberly Clark’s dividend payout ratio is 62.33%.
A number of brokerages have recently issued reports on KMB. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a research note on Monday. Morgan Stanley boosted their price objective on Kimberly Clark from $113.00 to $124.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 12th. BNP Paribas began coverage on Kimberly Clark in a research note on Monday, February 11th. They issued an “outperform” rating and a $130.00 price objective on the stock. Exane BNP Paribas began coverage on Kimberly Clark in a research note on Tuesday, February 12th. They issued an “outperform” rating and a $130.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price objective on the stock in a research note on Friday, January 18th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $114.25.
In related news, insider Anthony J. Palmer sold 6,122 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was 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 through the SEC website. 0.85% of the stock is currently owned by corporate insiders.
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Kimberly Clark Company Profile
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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