Whittier Trust Co. lowered its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 2.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 31,004 shares of the company’s stock after selling 931 shares during the period. Whittier Trust Co.’s holdings in Kimberly Clark were worth $3,649,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Dai Ichi Life Insurance Company Ltd raised its stake in shares of Kimberly Clark by 13.0% during the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 80,412 shares of the company’s stock valued at $10,585,000 after buying an additional 9,261 shares during the last quarter. Blair William & Co. IL grew its position in shares of Kimberly Clark by 22.3% during the 1st quarter. Blair William & Co. IL now owns 126,525 shares of the company’s stock valued at $16,748,000 after acquiring an additional 23,104 shares during the period. American International Group Inc. grew its position in shares of Kimberly Clark by 2.1% during the 1st quarter. American International Group Inc. now owns 167,974 shares of the company’s stock valued at $22,110,000 after acquiring an additional 3,425 shares during the period. Noesis Capital Mangement Corp grew its position in shares of Kimberly Clark by 28.5% during the 1st quarter. Noesis Capital Mangement Corp now owns 3,490 shares of the company’s stock valued at $459,000 after acquiring an additional 773 shares during the period. Finally, Kwmg LLC boosted its holdings in Kimberly Clark by 47.1% in the 1st quarter. Kwmg LLC now owns 11,624 shares of the company’s stock worth $1,530,000 after buying an additional 3,721 shares during the last quarter. Institutional investors and hedge funds own 71.61% of the company’s stock.
Kimberly Clark Corp (NYSE:KMB) traded up $0.26 during trading on Thursday, hitting $117.65. The stock had a trading volume of 278,637 shares, compared to its average volume of 1,820,393. Kimberly Clark Corp has a 1-year low of $109.67 and a 1-year high of $136.21. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The stock has a market capitalization of $41,290.00, a price-to-earnings ratio of 19.05, a P/E/G ratio of 3.03 and a beta of 0.76.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. equities research analysts expect that Kimberly Clark Corp will post 6.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s dividend payout ratio is currently 64.03%.
Several research analysts have recently weighed in on KMB shares. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Bank of America cut their target price on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Citigroup lowered Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research report on Monday. Deutsche Bank started coverage on Kimberly Clark in a research report on Wednesday. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company cut their target price on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Three equities research 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. Kimberly Clark currently has a consensus rating of “Hold” and an average target price of $126.36.
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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