Park Avenue Securities LLC lifted its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 77.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,786 shares of the company’s stock after buying an additional 6,016 shares during the quarter. Park Avenue Securities LLC’s holdings in Kimberly-Clark were worth $1,807,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in KMB. Pensionfund Sabic lifted its holdings in Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock worth $1,677,000 after purchasing an additional 4,000 shares during the last quarter. Barclays PLC lifted its holdings in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock worth $239,267,000 after purchasing an additional 273,813 shares during the last quarter. Vest Financial LLC lifted its holdings in Kimberly-Clark by 6.5% in the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after purchasing an additional 21,339 shares during the last quarter. Aprio Wealth Management LLC lifted its holdings in Kimberly-Clark by 20.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after purchasing an additional 466 shares during the last quarter. Finally, West Oak Capital LLC lifted its holdings in Kimberly-Clark by 20,377.6% in the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock worth $4,428,000 after purchasing an additional 33,623 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.
Insider Buying and Selling at Kimberly-Clark
In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.
Wall Street Analysts Forecast Growth
Kimberly-Clark Stock Performance
KMB opened at $127.33 on Friday. The stock has a market cap of $42.46 billion, a PE ratio of 16.51, a P/E/G ratio of 2.69 and a beta of 0.41. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The stock’s 50 day simple moving average is $132.41 and its 200-day simple moving average is $137.98.
Kimberly-Clark (NYSE:KMB – Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (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 analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.31 EPS for the current year.
Kimberly-Clark Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.
Kimberly-Clark Profile
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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