Woodmont Investment Counsel LLC increased its position in Kimberly Clark Corp (NYSE:KMB) by 47.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,022 shares of the company’s stock after buying an additional 2,261 shares during the period. Woodmont Investment Counsel LLC’s holdings in Kimberly Clark were worth $826,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Martin Investment Management LLC acquired a new position in Kimberly Clark during the second quarter worth approximately $443,000. Capital Research Global Investors increased its position in Kimberly Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Pax World Management LLC increased its position in Kimberly Clark by 7.7% during the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after purchasing an additional 200 shares during the last quarter. Boston Family Office LLC increased its position in Kimberly Clark by 0.8% during the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after purchasing an additional 90 shares during the last quarter. Finally, Strategy Asset Managers LLC increased its position in Kimberly Clark by 80.0% during the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after purchasing an additional 1,390 shares during the last quarter. 71.47% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on KMB shares. Bank of America dropped their price target on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a research report on Friday, October 13th. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup dropped their price objective on shares of Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $126.50.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.03. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.61 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. analysts anticipate that Kimberly Clark Corp will post 6.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be paid a $1.00 dividend. This is an increase from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a dividend yield of 3.39%. Kimberly Clark’s dividend payout ratio is 64.03%.
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Kimberly Clark Profile
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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