Raleigh Capital Management Inc. raised its stake in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 53.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,207 shares of the company’s stock after acquiring an additional 5,973 shares during the period. Raleigh Capital Management Inc.’s holdings in Kimberly-Clark were worth $1,677,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in KMB. Lynch Investment Planning LLC bought a new position in Kimberly-Clark during the 3rd quarter worth $26,000. Ancora Advisors LLC acquired a new stake in Kimberly-Clark in the second quarter worth $32,000. John Boyer Inc. bought a new stake in Kimberly-Clark in the third quarter valued at $28,000. Edmond DE Rothschild Holding S.A. bought a new stake in Kimberly-Clark in the second quarter valued at $32,000. Finally, Clearstead Trust LLC acquired a new position in shares of Kimberly-Clark during the second quarter valued at $33,000. 76.29% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. BNP Paribas Exane raised their price target on shares of Kimberly-Clark from $101.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. Zacks Research downgraded Kimberly-Clark from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. DA Davidson increased their price objective on Kimberly-Clark from $106.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. TD Cowen lowered their target price on Kimberly-Clark from $104.00 to $97.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Finally, Rothschild & Co Redburn cut their target price on Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $111.56.
Read Our Latest Stock Report on KMB
Kimberly-Clark Trading Down 1.9%
Shares of Kimberly-Clark stock opened at $107.94 on Friday. The business has a fifty day simple moving average of $102.82 and a 200-day simple moving average of $103.02. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $120.09. The firm has a market cap of $35.90 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 5.95 and a beta of 0.25. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45.
Kimberly-Clark (NASDAQ:KMB – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the firm posted $1.92 earnings per share. Kimberly-Clark’s revenue was up .6% compared to the same quarter last year. On average, equities analysts forecast that Kimberly-Clark Corporation will post 6.83 EPS for the current fiscal year.
Kimberly-Clark Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, September 4th. Kimberly-Clark’s payout ratio is presently 87.07%.
Kimberly-Clark Profile
Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.
The company’s well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.
See Also
- Five stocks we like better than Kimberly-Clark
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NASDAQ:KMB – Free Report).
Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.
