Osborn Williams & Donohoe LLC reduced its position in Kimberly Clark Corp (NYSE:KMB) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,057 shares of the company’s stock after selling 913 shares during the quarter. Osborn Williams & Donohoe LLC’s holdings in Kimberly Clark were worth $1,302,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Fulton Bank N.A. increased its holdings in Kimberly Clark by 33.7% in the 3rd quarter. Fulton Bank N.A. now owns 23,770 shares of the company’s stock valued at $2,797,000 after buying an additional 5,985 shares during the period. Perpetual Ltd increased its holdings in Kimberly Clark by 31.0% in the 2nd quarter. Perpetual Ltd now owns 3,800 shares of the company’s stock valued at $491,000 after buying an additional 900 shares during the period. MPS Loria Financial Planners LLC bought a new position in Kimberly Clark in the 2nd quarter valued at about $150,000. Burgundy Asset Management Ltd. increased its holdings in Kimberly Clark by 1.6% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 469,572 shares of the company’s stock valued at $60,626,000 after buying an additional 7,353 shares during the period. Finally, W. E. Donoghue & Co. LLC bought a new position in Kimberly Clark in the 2nd quarter valued at about $16,047,000. 71.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on KMB shares. Bank of America reduced their price target 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. Royal Bank Of Canada reiterated a “hold” rating and issued a $121.00 price objective on shares of Kimberly Clark in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. J P Morgan Chase & Co lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Finally, Citigroup lowered their price objective on shares of Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. Kimberly Clark presently has a consensus rating of “Hold” and an average target price of $126.36.
Shares of Kimberly Clark Corp (KMB) traded up $0.35 during mid-day trading on Monday, reaching $120.11. 1,520,500 shares of the company’s stock were exchanged, compared to its average volume of 1,816,330. The company has a market cap of $42,250.00, a price-to-earnings ratio of 19.66, a PEG ratio of 3.12 and a beta of 0.76. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. Kimberly Clark Corp has a fifty-two week low of $109.67 and a fifty-two week high of $136.21.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. Kimberly Clark’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 EPS. research analysts anticipate that Kimberly Clark Corp will post 6.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders 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 dividend on an annualized basis and a yield of 3.23%. Kimberly Clark’s dividend payout ratio (DPR) is presently 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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