Vident Investment Advisory LLC purchased a new position in shares of Kimberly Clark Corp (NYSE:KMB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,058 shares of the company’s stock, valued at approximately $713,000.
Several other hedge funds also recently added to or reduced their stakes in KMB. San Francisco Sentry Investment Group CA grew its position in shares of Kimberly Clark by 2,385.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after buying an additional 954 shares in the last quarter. Heritage Trust Co grew its position in shares of Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after buying an additional 100 shares in the last quarter. Armbruster Capital Management Inc. grew its position in shares of Kimberly Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after buying an additional 143 shares in the last quarter. Mosaic Family Wealth LLC grew its position in shares of Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after buying an additional 6 shares in the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new stake in shares of Kimberly Clark during the second quarter worth approximately $150,000. 71.46% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on KMB. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 price objective on shares of Kimberly Clark in a report on Friday, October 13th. JPMorgan Chase & Co. downgraded shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Citigroup reaffirmed a “hold” rating and issued a $125.00 price objective (down previously from $131.00) on shares of Kimberly Clark in a report on Tuesday, October 24th. Finally, Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, eleven have issued 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 target price of $126.50.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $4.65 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. sell-side analysts expect that Kimberly Clark Corp will post 6.2 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) 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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