BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 266,223 shares of the company’s stock after buying an additional 10,729 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Kimberly Clark were worth $31,329,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Burns J W & Co. Inc. NY grew its stake in Kimberly Clark by 1.5% in the second quarter. Burns J W & Co. Inc. NY now owns 17,847 shares of the company’s stock worth $2,304,000 after purchasing an additional 267 shares during the period. First Command Bank grew its stake in Kimberly Clark by 87.1% in the second quarter. First Command Bank now owns 9,194 shares of the company’s stock worth $1,187,000 after purchasing an additional 4,280 shares during the period. Fox Run Management L.L.C. grew its stake in Kimberly Clark by 66.7% in the second quarter. Fox Run Management L.L.C. now owns 5,500 shares of the company’s stock worth $710,000 after purchasing an additional 2,200 shares during the period. BKD Wealth Advisors LLC grew its stake in Kimberly Clark by 1.0% in the second quarter. BKD Wealth Advisors LLC now owns 4,818 shares of the company’s stock worth $622,000 after purchasing an additional 49 shares during the period. Finally, Capital One National Association grew its stake in Kimberly Clark by 3.1% in the second quarter. Capital One National Association now owns 21,323 shares of the company’s stock worth $2,753,000 after purchasing an additional 633 shares during the period. 71.47% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on KMB shares. Bank of America reduced their price target on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 price target on shares of Kimberly Clark in a research note on Friday, October 13th. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. JPMorgan Chase & Co. cut Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $115.55 to $100.00 in a research note on Friday, October 20th. Finally, Citigroup cut their target price on Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Kimberly Clark currently has a consensus rating of “Hold” and a consensus target price of $126.50.
Shares of Kimberly Clark Corp (NYSE KMB) opened at $112.98 on Friday. Kimberly Clark Corp has a 12 month low of $109.67 and a 12 month high of $136.21. The company has a market capitalization of $39,643.05, a price-to-earnings ratio of 18.64, a PEG ratio of 2.77 and a beta of 0.75. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 23rd. The company reported $1.60 EPS 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 firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. equities research analysts anticipate that Kimberly Clark Corp will post 6.2 EPS for the current year.
The firm 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 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s payout ratio is currently 64.03%.
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Kimberly Clark Company 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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