AMG National Trust Bank boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 130.0% in the 3rd quarter, Holdings Channel reports. The firm owned 6,557 shares of the company’s stock after buying an additional 3,706 shares during the period. AMG National Trust Bank’s holdings in Kimberly-Clark were worth $738,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in KMB. Fairfield Bush & CO. acquired a new stake in Kimberly-Clark during the first quarter valued at approximately $96,000. Sei Investments Co. lifted its stake in Kimberly-Clark by 22.2% during the first quarter. Sei Investments Co. now owns 190,867 shares of the company’s stock valued at $23,483,000 after purchasing an additional 34,646 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Kimberly-Clark by 2.8% during the first quarter. Baird Financial Group Inc. now owns 292,834 shares of the company’s stock valued at $36,066,000 after purchasing an additional 7,878 shares during the last quarter. Merit Financial Group LLC lifted its stake in Kimberly-Clark by 23.9% during the first quarter. Merit Financial Group LLC now owns 4,102 shares of the company’s stock valued at $505,000 after purchasing an additional 791 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Kimberly-Clark by 28.7% during the first quarter. NewEdge Advisors LLC now owns 20,180 shares of the company’s stock valued at $2,485,000 after purchasing an additional 4,503 shares during the last quarter. 74.16% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently issued reports on KMB. Wells Fargo & Company boosted their price target on shares of Kimberly-Clark from $120.00 to $135.00 and gave the company an “equal weight” rating in a report on Tuesday, January 3rd. Atlantic Securities upgraded shares of Kimberly-Clark from a “neutral” rating to an “overweight” rating and set a $135.00 price target on the stock in a report on Wednesday, October 12th. Deutsche Bank Aktiengesellschaft lowered shares of Kimberly-Clark from a “hold” rating to a “sell” rating and boosted their price target for the company from $120.00 to $123.00 in a report on Tuesday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $120.00 to $124.00 and gave the company an “underweight” rating in a report on Friday, January 13th. Finally, Jefferies Financial Group lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and boosted their price target for the company from $137.00 to $139.00 in a report on Wednesday, January 4th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $128.67.
Kimberly-Clark Stock Down 0.7 %
Kimberly-Clark (NYSE:KMB – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.08). Kimberly-Clark had a return on equity of 250.21% and a net margin of 8.84%. The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the company earned $1.62 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts predict that Kimberly-Clark Co. will post 5.6 EPS for the current fiscal year.
Kimberly-Clark Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Friday, December 9th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $4.64 annualized dividend and a dividend yield of 3.46%. Kimberly-Clark’s dividend payout ratio (DPR) is 87.88%.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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