Resources Management Corp CT ADV Invests $2.28 Million in Kimberly Clark Corp (NYSE:KMB)

Share on StockTwits

Resources Management Corp CT ADV purchased a new position in shares of Kimberly Clark Corp (NYSE:KMB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,023 shares of the company’s stock, valued at approximately $2,276,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Daiwa Securities Group Inc. raised its holdings in Kimberly Clark by 2.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 13,837 shares of the company’s stock valued at $1,844,000 after acquiring an additional 300 shares during the last quarter. Eaton Vance Management lifted its position in Kimberly Clark by 38.0% during the second quarter. Eaton Vance Management now owns 126,822 shares of the company’s stock worth $16,903,000 after buying an additional 34,895 shares in the last quarter. Advisor Partners LLC lifted its position in Kimberly Clark by 2.6% during the second quarter. Advisor Partners LLC now owns 12,634 shares of the company’s stock worth $1,684,000 after buying an additional 318 shares in the last quarter. Beaumont Financial Partners LLC boosted its stake in Kimberly Clark by 7.8% during the second quarter. Beaumont Financial Partners LLC now owns 6,772 shares of the company’s stock worth $903,000 after buying an additional 489 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. acquired a new position in Kimberly Clark during the second quarter worth $222,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.

KMB has been the subject of a number of recent research reports. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 target price for the company in a research note on Monday, September 30th. Deutsche Bank raised shares of Kimberly Clark from a “sell” rating to a “hold” rating and upped their price objective for the company from $123.00 to $124.00 in a report on Tuesday, October 22nd. Morgan Stanley cut their price objective on shares of Kimberly Clark from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Barclays raised shares of Kimberly Clark from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $144.00 to $152.00 in a research note on Monday, September 23rd. Finally, Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and a consensus target price of $139.33.

Shares of NYSE KMB traded up $1.46 during mid-day trading on Wednesday, reaching $137.49. 1,474,351 shares of the company’s stock were exchanged, compared to its average volume of 1,706,484. The company’s 50-day moving average is $133.62 and its 200-day moving average is $135.70. The company has a debt-to-equity ratio of 70.43, a quick ratio of 0.48 and a current ratio of 0.75. The firm has a market capitalization of $46.74 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 3.62 and a beta of 0.51. Kimberly Clark Corp has a 52-week low of $106.59 and a 52-week high of $143.50.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.04. Kimberly Clark had a net margin of 10.96% and a return on equity of 27,094.12%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period in the previous year, the firm earned $1.71 EPS. Kimberly Clark’s revenue was up 1.3% on a year-over-year basis. As a group, equities analysts predict that Kimberly Clark Corp will post 6.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, December 5th. Kimberly Clark’s dividend payout ratio is presently 62.33%.

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.

Further Reading: What is a Buy-Side Analyst?

Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.