Riverview Trust Co Takes Position in Kimberly-Clark Co. (NYSE:KMB)

Riverview Trust Co purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 537 shares of the company’s stock, valued at approximately $69,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC increased its position in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the period. Cranbrook Wealth Management LLC increased its position in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $35,000. Bruce G. Allen Investments LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter worth about $37,000. Finally, Northwest Financial Advisors purchased a new position in shares of Kimberly-Clark during the fourth quarter worth about $40,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $138.43 on Wednesday. The company has a market capitalization of $46.61 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $142.20. The company’s 50-day moving average is $135.09 and its 200 day moving average is $127.21.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. Sell-side analysts expect that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is currently 89.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMB. UBS Group boosted their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Tuesday, June 18th. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. BNP Paribas began coverage on Kimberly-Clark in a report on Monday. They set a “neutral” rating and a $146.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $141.64.

Insider Activity

In other news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Katy Chen sold 454 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the sale, the insider now owns 520 shares in the company, valued at $70,324.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders have sold a total of 24,395 shares of company stock valued at $3,332,776 over the last ninety days. 0.62% of the stock is currently owned by corporate insiders.

About Kimberly-Clark

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.