Hennessy Advisors Inc. trimmed its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,300 shares of the company’s stock after selling 800 shares during the quarter. Hennessy Advisors Inc.’s holdings in Kimberly Clark were worth $2,875,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in KMB. Braun Bostich & Associates Inc. raised its position in shares of Kimberly Clark by 1,426.9% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock valued at $108,000 after buying an additional 956 shares in the last quarter. Gables Capital Management Inc. bought a new position in Kimberly Clark during the 1st quarter valued at about $115,000. Fort L.P. bought a new position in Kimberly Clark during the 2nd quarter valued at about $125,000. Bridgeworth LLC bought a new position in Kimberly Clark during the 2nd quarter valued at about $135,000. Finally, Shamrock Asset Management LLC grew its holdings in Kimberly Clark by 44.1% during the 1st quarter. Shamrock Asset Management LLC now owns 1,598 shares of the company’s stock valued at $167,000 after purchasing an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 73.86% of the company’s stock.
Shares of KMB stock opened at $109.14 on Friday. The company has a debt-to-equity ratio of 32.28, a quick ratio of 0.49 and a current ratio of 0.76. The stock has a market capitalization of $39.51 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 2.57 and a beta of 0.70. Kimberly Clark Corp has a one year low of $97.10 and a one year high of $123.77.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 24th. The company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.02. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. On average, equities analysts forecast that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.67%. Kimberly Clark’s dividend payout ratio is currently 64.21%.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Kimberly Clark from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. UBS Group assumed coverage on shares of Kimberly Clark in a report on Thursday, July 19th. They set a “sell” rating and a $90.00 price target on the stock. Deutsche Bank upped their price target on shares of Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Finally, Goldman Sachs Group downgraded shares of Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 price target on the stock. in a report on Monday, October 8th. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $106.67.
In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $117.34, for a total value of $756,256.30. Following the transaction, the insider now directly owns 6,122 shares in the company, valued at approximately $718,355.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aaron Powell sold 1,100 shares of the company’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $105.96, for a total transaction of $116,556.00. Following the completion of the transaction, the insider now owns 1,117 shares in the company, valued at $118,357.32. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.
About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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