Fort Pitt Capital Group LLC cut its position in shares of Kimberly Clark Corp (NYSE:KMB) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 228,883 shares of the company’s stock after selling 3,318 shares during the quarter. Kimberly Clark comprises about 2.8% of Fort Pitt Capital Group LLC’s holdings, making the stock its 18th largest position. Fort Pitt Capital Group LLC owned 0.06% of Kimberly Clark worth $29,551,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Kimberly Clark by 2.2% during the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after buying an additional 537,794 shares during the period. Capital Research Global Investors increased its position in shares of Kimberly Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after buying an additional 3,191,549 shares during the period. Wells Fargo & Company MN increased its position in shares of Kimberly Clark by 3.3% during the second quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after buying an additional 181,517 shares during the period. Federated Investors Inc. PA increased its position in shares of Kimberly Clark by 1.7% during the second quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after buying an additional 55,108 shares during the period. Finally, FMR LLC increased its position in shares of Kimberly Clark by 23.4% during the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after buying an additional 491,121 shares during the period. Institutional investors own 71.61% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and increased their target price for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Citigroup cut their target price on shares of Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Finally, Bank of America cut their target price on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $127.14.
Kimberly Clark Corp (NYSE:KMB) opened at $120.11 on Friday. The stock has a market cap of $42,126.46, a price-to-earnings ratio of 19.60, a P/E/G ratio of 3.11 and a beta of 0.76. Kimberly Clark Corp has a 12 month low of $109.67 and a 12 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.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. analysts predict that Kimberly Clark Corp will post 6.2 EPS for the current 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 paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is 64.03%.
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Kimberly Clark 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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