Bruderman Asset Management LLC decreased its position in shares of Kimberly Clark Corp (NYSE:KMB) by 18.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,717 shares of the company’s stock after selling 3,451 shares during the quarter. Bruderman Asset Management LLC’s holdings in Kimberly Clark were worth $1,850,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Martin Investment Management LLC purchased a new stake in Kimberly Clark in the 2nd quarter worth $443,000. Capital Research Global Investors raised its position in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after buying an additional 3,191,549 shares in the last quarter. Pax World Management LLC raised its position in shares of Kimberly Clark by 7.7% during the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after buying an additional 200 shares in the last quarter. Boston Family Office LLC raised its position in shares of Kimberly Clark by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after buying an additional 90 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its position in shares of Kimberly Clark by 80.0% during the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after buying an additional 1,390 shares in the last quarter. Institutional investors own 71.46% of the company’s stock.
Several brokerages have recently issued reports on KMB. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America cut their price target on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target on the stock. in a report on Monday, December 11th. Deutsche Bank started coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target on the stock. Finally, Wells Fargo & Co cut their price target on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $126.50.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. Kimberly Clark’s revenue for the quarter was up 1.0% compared to the same quarter last year. equities analysts forecast that Kimberly Clark Corp will post 6.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were issued a $0.97 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.40%. Kimberly Clark’s dividend payout ratio is currently 64.03%.
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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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