Los Angeles Capital Management & Equity Research Inc. Grows Holdings in Kimberly Clark Corp (NYSE:KMB)

Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 67.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 424,948 shares of the company’s stock after acquiring an additional 171,338 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.12% of Kimberly Clark worth $50,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KMB. Heritage Trust Co raised 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 valued at $128,000 after buying an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. raised 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 valued at $135,000 after buying an additional 400 shares during the last quarter. Armbruster Capital Management Inc. raised its position in shares of Kimberly Clark by 15.9% in the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after buying an additional 143 shares during the last quarter. Mosaic Family Wealth LLC raised its position in shares of Kimberly Clark by 0.5% in the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after buying an additional 6 shares during the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in shares of Kimberly Clark in the second quarter valued at approximately $150,000. Institutional investors own 71.47% of the company’s stock.

Kimberly Clark Corp (NYSE:KMB) opened at $112.70 on Friday. Kimberly Clark Corp has a 52-week low of $109.67 and a 52-week 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 company has a market cap of $39,640.00, a P/E ratio of 18.60, a P/E/G ratio of 2.93 and a beta of 0.75.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the prior year, the business posted $1.52 earnings per share. Kimberly Clark’s revenue for the quarter was up 1.0% compared to the same quarter last year. equities research analysts expect that Kimberly Clark Corp will post 6.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 annualized dividend and a yield of 3.44%. Kimberly Clark’s dividend payout ratio is currently 64.03%.

A number of research firms have recently weighed in on KMB. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America cut their price objective on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Citigroup lowered shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective for the company. in a research report on Monday, December 11th. Deutsche Bank started coverage on shares of Kimberly Clark in a research report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective for the company. Finally, Wells Fargo & Co dropped their price target on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Kimberly Clark currently has a consensus rating of “Hold” and an average price target of $126.50.

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About Kimberly Clark

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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