Cibc World Markets Corp Grows Holdings in Kimberly-Clark Corporation (KMB)

Cibc World Markets Corp lifted its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 93.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,070 shares of the company’s stock after acquiring an additional 34,906 shares during the quarter. Cibc World Markets Corp’s holdings in Kimberly-Clark Corporation were worth $9,305,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC increased its position in shares of Kimberly-Clark Corporation by 4.7% during the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after acquiring an additional 34 shares during the last quarter. Heritage Trust Co increased its position in shares of Kimberly-Clark Corporation by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. increased its position in shares of Kimberly-Clark Corporation by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after acquiring an additional 400 shares during the last quarter. Armbruster Capital Management Inc. increased its position in shares of Kimberly-Clark Corporation 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 acquiring an additional 143 shares during the last quarter. Finally, Mosaic Family Wealth LLC increased its position in shares of Kimberly-Clark Corporation 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 acquiring an additional 6 shares during the last quarter. 70.60% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts have recently issued reports on KMB shares. J P Morgan Chase & Co lowered Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Societe Generale raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Macquarie started coverage on Kimberly-Clark Corporation in a research report on Friday, September 15th. They set a “neutral” rating and a $121.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $127.14.

Kimberly-Clark Corporation (NYSE:KMB) opened at $116.05 on Friday. The company has a market capitalization of $40,820.00, a PE ratio of 18.99, a P/E/G ratio of 3.02 and a beta of 0.74. Kimberly-Clark Corporation has a 52 week low of $109.67 and a 52 week 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.

Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $1.52 earnings per share. analysts anticipate that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.34%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is 64.03%.

About Kimberly-Clark Corporation

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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Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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