Loudon Investment Management LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 41.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,015 shares of the company’s stock after selling 2,800 shares during the quarter. Loudon Investment Management LLC’s holdings in Kimberly-Clark were worth $558,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Private Capital Group LLC increased its stake in Kimberly-Clark by 3.3% in the 4th quarter. Private Capital Group LLC now owns 2,357 shares of the company’s stock valued at $320,000 after buying an additional 75 shares during the period. Glassman Wealth Services increased its stake in Kimberly-Clark by 27.0% in the 1st quarter. Glassman Wealth Services now owns 358 shares of the company’s stock valued at $50,000 after buying an additional 76 shares during the period. Bank of Stockton increased its stake in Kimberly-Clark by 5.0% in the 1st quarter. Bank of Stockton now owns 1,627 shares of the company’s stock valued at $226,000 after buying an additional 77 shares during the period. Cribstone Capital Management LLC increased its stake in Kimberly-Clark by 1.9% in the 4th quarter. Cribstone Capital Management LLC now owns 4,113 shares of the company’s stock valued at $555,000 after buying an additional 78 shares during the period. Finally, Truadvice LLC increased its stake in Kimberly-Clark by 3.8% in the 1st quarter. Truadvice LLC now owns 2,155 shares of the company’s stock valued at $286,000 after buying an additional 79 shares during the period. 72.97% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on KMB shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kimberly-Clark from $145.00 to $137.00 and set a “hold” rating on the stock in a research note on Monday, May 3rd. Jefferies Financial Group lowered their price target on shares of Kimberly-Clark from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 26th. Zacks Investment Research cut shares of Kimberly-Clark from a “hold” rating to a “strong sell” rating and set a $111.00 price target on the stock. in a research note on Wednesday, April 28th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on shares of Kimberly-Clark from $122.00 to $123.00 and gave the stock a “sell” rating in a research note on Monday, May 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $123.00 price target (down from $144.00) on shares of Kimberly-Clark in a research note on Thursday, March 25th. Three 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’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $140.31.
Shares of Kimberly-Clark stock traded down $0.05 on Thursday, hitting $130.98. The company’s stock had a trading volume of 32,879 shares, compared to its average volume of 2,322,437. Kimberly-Clark Co. has a 52-week low of $128.02 and a 52-week high of $160.16. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 10.12. The firm has a fifty day moving average price of $135.05 and a 200-day moving average price of $134.58. The company has a market capitalization of $44.20 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 3.57 and a beta of 0.51.
Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Thursday, April 22nd. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.14). Kimberly-Clark had a return on equity of 376.18% and a net margin of 12.06%. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Kimberly-Clark’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, analysts expect that Kimberly-Clark Co. will post 7.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 2nd. Shareholders of record on Friday, June 4th will be issued a $1.14 dividend. The ex-dividend date is Thursday, June 3rd. This represents a $4.56 dividend on an annualized basis and a yield of 3.48%. Kimberly-Clark’s dividend payout ratio (DPR) is 58.91%.
About Kimberly-Clark
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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