Cambridge Investment Research Advisors Inc. reduced its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,709 shares of the company’s stock after selling 5,259 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Kimberly Clark were worth $5,967,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Heritage Trust Co raised its position in shares of Kimberly Clark by 11.2% in the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares in the last quarter. Sterling Investment Advisors Ltd. raised its position in shares of Kimberly Clark by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after acquiring an additional 400 shares in the last quarter. Armbruster Capital Management Inc. raised its position in shares of Kimberly Clark by 15.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after acquiring an additional 143 shares in the last quarter. Mosaic Family Wealth LLC increased its position in Kimberly Clark by 0.5% in the 2nd 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 in the last quarter. Finally, MPS Loria Financial Planners LLC bought a new stake in Kimberly Clark in the 2nd quarter valued at about $150,000. 71.47% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on KMB shares. Bank of America decreased their target price on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark in a research report on Friday, October 13th. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. JPMorgan Chase & Co. downgraded Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their price target for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Finally, Citigroup cut their price target on 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 investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $126.50.
Shares of Kimberly Clark Corp (NYSE KMB) opened at $112.98 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The company has a market cap of $39,643.05, a P/E ratio of 18.64, a P/E/G ratio of 2.77 and a beta of 0.75. Kimberly Clark Corp has a 1-year low of $109.67 and a 1-year high of $136.21.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. analysts expect that Kimberly Clark Corp will post 6.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were issued a $0.97 dividend. The ex-dividend date was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.43%. Kimberly Clark’s payout ratio is currently 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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