Gemmer Asset Management LLC boosted its stake in Kimberly Clark Corp (NYSE:KMB) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,144 shares of the company’s stock after purchasing an additional 642 shares during the quarter. Gemmer Asset Management LLC’s holdings in Kimberly Clark were worth $925,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new stake in Kimberly Clark during the second quarter worth approximately $40,577,000. PVG Asset Management Corp grew its stake in Kimberly Clark by 159.8% during the second quarter. PVG Asset Management Corp now owns 10,783 shares of the company’s stock worth $1,135,000 after buying an additional 6,633 shares during the period. Cleararc Capital Inc. grew its stake in Kimberly Clark by 254.1% during the second quarter. Cleararc Capital Inc. now owns 31,751 shares of the company’s stock worth $3,345,000 after buying an additional 22,784 shares during the period. Centaurus Financial Inc. grew its stake in Kimberly Clark by 87.7% during the second quarter. Centaurus Financial Inc. now owns 3,854 shares of the company’s stock worth $406,000 after buying an additional 1,801 shares during the period. Finally, Twin Capital Management Inc. purchased a new stake in Kimberly Clark during the second quarter worth approximately $669,000. Hedge funds and other institutional investors own 73.86% of the company’s stock.
KMB has been the subject of several research reports. Jefferies Financial Group reiterated a “hold” rating and set a $96.00 price objective on shares of Kimberly Clark in a research note on Friday, July 13th. Deutsche Bank boosted their price objective on shares of Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Societe Generale downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $124.00 to $116.00 in a research note on Wednesday, August 15th. Finally, Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $106.67.
Shares of KMB stock opened at $109.14 on Friday. The firm has a market capitalization of $39.51 billion, a PE ratio of 17.52, a PEG ratio of 2.57 and a beta of 0.70. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 32.28. Kimberly Clark Corp has a twelve month low of $97.10 and a twelve month high of $123.77.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 earnings per share. On average, research analysts predict that Kimberly Clark Corp will post 6.69 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.67%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
In related news, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total value of $756,256.30. Following the sale, the insider now directly owns 6,122 shares of the company’s stock, valued at $718,355.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aaron Powell sold 1,100 shares of the company’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total transaction of $116,556.00. Following the completion of the sale, the insider now directly owns 1,117 shares in the company, valued at $118,357.32. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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