PNC Financial Services Group Inc. lifted its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,497,277 shares of the company’s stock after buying an additional 12,729 shares during the period. PNC Financial Services Group Inc. owned 0.42% of Kimberly-Clark worth $193,313,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Tortoise Investment Management LLC increased its position in shares of Kimberly-Clark by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares in the last quarter. Heritage Trust Co increased its position in shares of Kimberly-Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in shares of Kimberly-Clark by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after acquiring an additional 400 shares in the last quarter. Armbruster Capital Management Inc. grew its holdings in Kimberly-Clark by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after purchasing an additional 143 shares in the last quarter. Finally, Mosaic Family Wealth LLC grew its holdings in Kimberly-Clark by 0.5% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after purchasing an additional 6 shares in the last quarter. 71.61% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Kimberly-Clark from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Bank of America lowered their price target on shares of Kimberly-Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th. Barclays reaffirmed a “hold” rating on shares of Kimberly-Clark in a report on Thursday, October 26th. Citigroup reaffirmed a “hold” rating and set a $125.00 price target (down from $131.00) on shares of Kimberly-Clark in a report on Tuesday, October 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $127.14.
Kimberly-Clark Corporation (NYSE:KMB) traded up $2.60 during trading on Monday, hitting $123.11. 2,648,835 shares of the stock were exchanged, compared to its average volume of 1,815,482. 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 has a one year low of $109.67 and a one year high of $136.21. The company has a market cap of $42,390.28, a P/E ratio of 19.72, a P/E/G ratio of 3.13 and a beta of 0.76.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Kimberly-Clark had a net margin of 11.89% and a return on equity of 666.97%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.52 EPS. equities analysts expect that Kimberly-Clark Corporation will post 6.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be given a $0.97 dividend. The ex-dividend date is Thursday, December 7th. This represents a $3.88 annualized dividend and a yield of 3.15%. Kimberly-Clark’s dividend payout ratio is presently 64.03%.
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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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