Rhumbline Advisers raised its position in Kimberly Clark Corp (NYSE:KMB) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 677,790 shares of the company’s stock after acquiring an additional 10,627 shares during the period. Rhumbline Advisers owned approximately 0.19% of Kimberly Clark worth $81,782,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in KMB. Beach Investment Management LLC. acquired a new stake in shares of Kimberly Clark in the 2nd quarter worth $2,440,000. ProVise Management Group LLC lifted its stake in shares of Kimberly Clark by 72.5% in the second quarter. ProVise Management Group LLC now owns 5,345 shares of the company’s stock valued at $690,000 after purchasing an additional 2,247 shares during the period. Covenant Multifamily Offices LLC lifted its stake in shares of Kimberly Clark by 2.5% in the second quarter. Covenant Multifamily Offices LLC now owns 13,354 shares of the company’s stock valued at $1,724,000 after purchasing an additional 323 shares during the period. RFG Advisory Group LLC lifted its stake in shares of Kimberly Clark by 78.6% in the second quarter. RFG Advisory Group LLC now owns 11,211 shares of the company’s stock valued at $1,435,000 after purchasing an additional 4,934 shares during the period. Finally, Blue Chip Partners Inc. lifted its stake in shares of Kimberly Clark by 32.4% in the second quarter. Blue Chip Partners Inc. now owns 11,686 shares of the company’s stock valued at $1,509,000 after purchasing an additional 2,859 shares during the period. Institutional investors own 74.57% of the company’s stock.
KMB has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Citigroup set a $112.00 price objective on shares of Kimberly Clark and gave the company a “sell” rating in a research note on Wednesday, January 24th. Deutsche Bank initiated coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective for the company. Finally, Barclays set a $119.00 price objective on shares of Kimberly Clark and gave the company a “hold” rating in a research note on Thursday. Three equities 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 stock. The company has a consensus rating of “Hold” and an average price target of $125.44.
Kimberly Clark Corp (KMB) opened at $112.02 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34. The stock has a market cap of $39,230.00, a PE ratio of 18.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.69. Kimberly Clark Corp has a 52-week low of $109.51 and a 52-week high of $135.13.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 earnings per share. equities analysts expect that Kimberly Clark Corp will post 7 EPS for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $4.00 dividend on an annualized basis and a yield of 3.57%. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s payout ratio is presently 64.62%.
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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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