Crossmark Global Holdings Inc. bought a new position in shares of Kimberly Clark Corp (NYSE:KMB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,469 shares of the company’s stock, valued at approximately $4,998,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Kimberly Clark by 2.2% during the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after buying an additional 537,794 shares during the period. Capital Research Global Investors increased its stake in shares of Kimberly Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after buying an additional 3,191,549 shares during the period. Wells Fargo & Company MN increased its stake in shares of Kimberly Clark by 3.3% during the second quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after buying an additional 181,517 shares during the period. Federated Investors Inc. PA increased its stake in shares of Kimberly Clark by 1.7% during the second quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after buying an additional 55,108 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Kimberly Clark by 35.9% during the third quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after buying an additional 723,800 shares during the period. Hedge funds and other institutional investors own 71.47% of the company’s stock.
A number of research firms recently weighed in on KMB. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Macquarie initiated coverage on shares of Kimberly Clark in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 target price on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $119.00 price target on shares of Kimberly Clark in a report on Thursday, September 7th. Citigroup downgraded Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target for the company. in a report on Monday, December 11th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 price target on shares of Kimberly Clark in a report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $126.00.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 earnings per share. equities analysts anticipate that Kimberly Clark Corp will post 6.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is 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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