Truehand Inc Buys Shares of 14,126 Kimberly Clark Corp (KMB)

Truehand Inc bought a new position in Kimberly Clark Corp (NYSE:KMB) in the fourth quarter, HoldingsChannel reports. The firm bought 14,126 shares of the company’s stock, valued at approximately $1,610,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Investment Partners LTD. acquired a new position in shares of Kimberly Clark during the 4th quarter worth approximately $240,000. Usca Ria LLC boosted its position in shares of Kimberly Clark by 45.4% during the 3rd quarter. Usca Ria LLC now owns 44,844 shares of the company’s stock worth $5,096,000 after acquiring an additional 14,006 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Kimberly Clark by 14.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 33,718 shares of the company’s stock worth $3,832,000 after acquiring an additional 4,318 shares in the last quarter. FMR LLC boosted its position in shares of Kimberly Clark by 20.1% during the 3rd quarter. FMR LLC now owns 3,826,865 shares of the company’s stock worth $434,885,000 after acquiring an additional 640,719 shares in the last quarter. Finally, Palo Capital Inc. acquired a new stake in shares of Kimberly Clark during the 3rd quarter worth approximately $869,000. 73.39% of the stock is owned by hedge funds and other institutional investors.

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In related news, insider Anthony J. Palmer sold 6,122 shares of Kimberly Clark stock in a transaction on Friday, February 8th. The shares were sold at an average price of $115.11, for a total transaction of $704,703.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by company insiders.

Several research firms recently issued reports on KMB. ValuEngine upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Morgan Stanley set a $107.00 target price on shares of Kimberly Clark and gave the company a “sell” rating in a research report on Thursday, December 20th. 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 target price on the stock. 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 target price on the stock. Finally, Wells Fargo & Co restated a “hold” rating and issued a $105.00 target price on shares of Kimberly Clark in a research report on Wednesday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $113.19.

Shares of KMB stock traded up $0.61 during trading hours on Monday, hitting $116.29. 15,177 shares of the company’s stock traded hands, compared to its average volume of 2,096,847. The company has a market capitalization of $41.03 billion, a P/E ratio of 17.58, a PEG ratio of 3.29 and a beta of 0.57. Kimberly Clark Corp has a 12 month low of $97.10 and a 12 month high of $120.48. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.77.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th will be paid a dividend of $1.03 per share. The ex-dividend date is Thursday, March 7th. This represents a $4.12 annualized dividend and a dividend yield of 3.54%. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.51%.

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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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