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.
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.
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