Raymond James Financial Services Advisors Inc. Has $15.29 Million Holdings in Kimberly-Clark Corporation (KMB)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 17.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 118,397 shares of the company’s stock after buying an additional 17,636 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Kimberly-Clark were worth $15,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in KMB. Vanguard Group Inc. boosted its holdings in shares of Kimberly-Clark by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after purchasing an additional 537,794 shares during the period. State Street Corp raised its position in Kimberly-Clark by 1.3% during the 1st quarter. State Street Corp now owns 17,653,917 shares of the company’s stock valued at $2,323,785,000 after purchasing an additional 225,993 shares in the last quarter. Capital Research Global Investors raised its position in Kimberly-Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after purchasing an additional 3,191,549 shares in the last quarter. Wells Fargo & Company MN raised its position in Kimberly-Clark by 3.3% during the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock valued at $731,643,000 after purchasing an additional 181,517 shares in the last quarter. Finally, Federated Investors Inc. PA raised its position in Kimberly-Clark by 1.7% during the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock valued at $421,692,000 after purchasing an additional 55,108 shares in the last quarter. 71.61% of the stock is owned by institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research raised Kimberly-Clark from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Citigroup restated a “neutral” rating and set a $131.00 target price (down from $132.00) on shares of Kimberly-Clark in a research note on Friday, August 11th. Macquarie assumed coverage on Kimberly-Clark in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 target price on the stock. Jefferies Group restated a “hold” rating and set a $119.00 target price on shares of Kimberly-Clark in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $121.00 price target on shares of Kimberly-Clark in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $127.14.

Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down $0.67 during midday trading on Tuesday, hitting $122.44. The stock had a trading volume of 416,664 shares, compared to its average volume of 1,815,485. Kimberly-Clark Corporation has a twelve month low of $109.67 and a twelve month high of $136.21. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The firm has a market capitalization of $43,300.00, a PE ratio of 19.72, a P/E/G ratio of 3.13 and a beta of 0.76.

Kimberly-Clark (NYSE:KMB) last released 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. Kimberly-Clark had a return on equity of 666.97% and a net margin of 11.89%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the company posted $1.52 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. sell-side analysts expect that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly-Clark’s dividend payout ratio is presently 64.03%.

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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.

Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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