Amalgamated Bank boosted its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 54.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,526 shares of the company’s stock after purchasing an additional 14,604 shares during the period. Amalgamated Bank’s holdings in Kimberly-Clark Corporation were worth $5,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. raised its position in shares of Kimberly-Clark Corporation by 22.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 4,300 shares of the company’s stock worth $555,000 after acquiring an additional 800 shares during the period. KCM Investment Advisors LLC raised its position in shares of Kimberly-Clark Corporation by 2.0% in the second quarter. KCM Investment Advisors LLC now owns 146,915 shares of the company’s stock worth $18,968,000 after acquiring an additional 2,880 shares during the period. Comerica Securities Inc. raised its position in shares of Kimberly-Clark Corporation by 2.5% in the second quarter. Comerica Securities Inc. now owns 10,819 shares of the company’s stock worth $1,407,000 after acquiring an additional 259 shares during the period. King Luther Capital Management Corp raised its position in shares of Kimberly-Clark Corporation by 2.2% in the second quarter. King Luther Capital Management Corp now owns 1,304,021 shares of the company’s stock worth $168,362,000 after acquiring an additional 28,612 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of Kimberly-Clark Corporation in the second quarter worth about $1,154,000. Institutional investors own 70.40% of the company’s stock.
KMB has been the subject of a number of analyst reports. Societe Generale upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Royal Bank Of Canada reiterated a “hold” rating and issued a $121.00 price objective on shares of Kimberly-Clark Corporation in a research report on Friday, September 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 price objective on shares of Kimberly-Clark Corporation in a research report on Thursday, September 7th. Two 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. The company presently has an average rating of “Hold” and an average target price of $127.14.
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Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at $114.32 on Friday. Kimberly-Clark Corporation has a one year low of $109.67 and a one year high of $136.21. The stock has a market cap of $40,420.00, a PE ratio of 18.75, a P/E/G ratio of 2.98 and a beta of 0.74. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the company earned $1.52 EPS. Kimberly-Clark Corporation’s revenue was up 1.0% compared to the same quarter last year. equities analysts expect that Kimberly-Clark Corporation will post 6.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 annualized dividend and a yield of 3.39%. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.03%.
About Kimberly-Clark Corporation
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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