First Financial Bank Trust Division Has $772,000 Position in Kimberly Clark Corp (KMB)
First Financial Bank Trust Division cut its stake in Kimberly Clark Corp (NYSE:KMB) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,566 shares of the company’s stock after selling 985 shares during the period. First Financial Bank Trust Division’s holdings in Kimberly Clark were worth $772,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in KMB. Heritage Trust Co boosted its holdings in Kimberly Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after acquiring an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its stake in Kimberly Clark by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after buying an additional 400 shares during the period. Armbruster Capital Management Inc. lifted its stake in Kimberly Clark by 15.9% in the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after buying an additional 143 shares during the period. Mosaic Family Wealth LLC lifted its stake in Kimberly Clark by 0.5% in the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after buying an additional 6 shares during the period. Finally, MPS Loria Financial Planners LLC acquired a new position in Kimberly Clark in the second quarter valued at approximately $150,000. Institutional investors and hedge funds own 71.61% of the company’s stock.
Shares of Kimberly Clark Corp (NYSE KMB) traded up $0.26 during trading hours on Thursday, hitting $117.65. The stock had a trading volume of 278,637 shares, compared to its average volume of 1,820,393. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21. The firm has a market capitalization of $41,290.00, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 3.03 and a beta of 0.76.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. Kimberly Clark’s revenue for the quarter was up 1.0% on a year-over-year basis. research analysts anticipate that Kimberly Clark Corp will post 6.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s payout ratio is 64.03%.
Several equities analysts have issued reports on KMB shares. Societe Generale raised Kimberly Clark from a “hold” rating to a “buy” rating and boosted their price target for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Royal Bank of Canada reissued a “hold” rating and issued a $121.00 price target on shares of Kimberly Clark in a research note on Friday, September 8th. Finally, Jefferies Group reissued a “hold” rating and issued a $119.00 price target on shares of Kimberly Clark in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $126.36.
Kimberly Clark Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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