Cornerstone Capital Management Holdings LLC. lessened its stake in Kimberly Clark Corp (NYSE:KMB) by 16.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,689 shares of the company’s stock after selling 22,625 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Kimberly Clark were worth $13,494,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. San Francisco Sentry Investment Group CA increased its stake in shares of Kimberly Clark by 2,385.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after acquiring an additional 954 shares during the last quarter. Heritage Trust Co increased its stake 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 during the last quarter. Armbruster Capital Management Inc. increased its stake 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 during the last quarter. Mosaic Family Wealth LLC increased its stake in shares of Kimberly Clark by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after acquiring an additional 6 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its stake in shares of Kimberly Clark by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 71.82% of the company’s stock.
A number of brokerages have issued reports on KMB. Citigroup set a $112.00 target price on Kimberly Clark and gave the stock a “sell” rating in a research note on Wednesday, January 24th. Zacks Investment Research downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Deutsche Bank assumed coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price objective for the company. Societe Generale raised Kimberly Clark from a “hold” rating to a “buy” rating and raised their price objective for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Finally, Barclays restated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. Kimberly Clark presently has a consensus rating of “Hold” and an average price target of $126.44.
Kimberly Clark Corp (KMB) traded up $2.26 during mid-day trading on Tuesday, reaching $114.14. The company had a trading volume of 4,995,227 shares, compared to its average volume of 2,540,000. The stock has a market capitalization of $40,150.00, a PE ratio of 17.83, a price-to-earnings-growth ratio of 2.10 and a beta of 0.66. 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 7.34, a quick ratio of 0.58 and a current ratio of 0.89.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.54 by $0.03. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. research analysts predict that Kimberly Clark Corp will post 6.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be given a dividend of $1.00 per share. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $4.00 annualized dividend and a yield of 3.50%. Kimberly Clark’s payout ratio is 60.63%.
In other Kimberly Clark news, insider Kimberly K. Underhill sold 23,158 shares of Kimberly Clark stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total transaction of $2,773,633.66. Following the transaction, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.56% of the company’s stock.
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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.
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