Gateway Investment Advisers LLC lessened its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,535 shares of the company’s stock after selling 561 shares during the period. Gateway Investment Advisers LLC’s holdings in Kimberly Clark were worth $2,106,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in KMB. Kovack Advisors Inc. grew its holdings in Kimberly Clark by 16.3% in the second quarter. Kovack Advisors Inc. now owns 3,384 shares of the company’s stock valued at $356,000 after purchasing an additional 474 shares during the last quarter. Catawba Capital Management VA grew its holdings in Kimberly Clark by 2.3% in the second quarter. Catawba Capital Management VA now owns 21,098 shares of the company’s stock valued at $2,222,000 after purchasing an additional 480 shares during the last quarter. Mackay Shields LLC grew its holdings in Kimberly Clark by 0.7% in the second quarter. Mackay Shields LLC now owns 73,485 shares of the company’s stock valued at $7,741,000 after purchasing an additional 483 shares during the last quarter. ACG Wealth grew its holdings in Kimberly Clark by 19.2% in the second quarter. ACG Wealth now owns 3,058 shares of the company’s stock valued at $322,000 after purchasing an additional 492 shares during the last quarter. Finally, Shufro Rose & Co. LLC grew its holdings in Kimberly Clark by 16.7% in the second quarter. Shufro Rose & Co. LLC now owns 3,500 shares of the company’s stock valued at $369,000 after purchasing an additional 500 shares during the last quarter. 73.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:KMB opened at $110.23 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 32.28. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $123.77. The firm has a market capitalization of $38.06 billion, a PE ratio of 16.92, a P/E/G ratio of 2.53 and a beta of 0.70.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the business earned $1.49 earnings per share. The business’s revenue was up .6% on a year-over-year basis. On average, equities analysts anticipate that Kimberly Clark Corp will post 6.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th were given a $1.00 dividend. The ex-dividend date was Thursday, September 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.63%. Kimberly Clark’s dividend payout ratio is currently 64.21%.
In other news, insider Aaron Powell sold 1,100 shares of the company’s stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $105.96, for a total value of $116,556.00. Following the sale, the insider now directly owns 1,117 shares in the company, valued at $118,357.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares in the company, valued at $718,355.48. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.
KMB has been the topic of several research reports. Goldman Sachs Group lowered Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 target price on the stock. in a report on Monday, October 8th. Bank of America upped their target price on Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 6th. Deutsche Bank lowered Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 target price on the stock. in a report on Wednesday, October 10th. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Five investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $105.43.
Kimberly Clark Profile
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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