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.
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