Raymond James Trust N.A. increased its position in Kimberly Clark Corp (NYSE:KMB) by 4.5% in the fourth quarter, Holdings Channel reports. The fund owned 39,410 shares of the company’s stock after buying an additional 1,699 shares during the period. Raymond James Trust N.A.’s holdings in Kimberly Clark were worth $4,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Capital Research Global Investors grew its position in Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Janus Henderson Group PLC grew its position in Kimberly Clark by 5,178.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after purchasing an additional 2,429,085 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Kimberly Clark by 305.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after purchasing an additional 1,514,722 shares during the period. Stifel Financial Corp grew its position in Kimberly Clark by 29,110.9% during the 3rd quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock worth $91,647,000 after purchasing an additional 775,805 shares during the period. Finally, APG Asset Management N.V. grew its position in Kimberly Clark by 35.9% during the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after purchasing an additional 723,800 shares during the period. Institutional investors own 71.82% of the company’s stock.
KMB has been the topic of several analyst reports. Bank of America cut their price target on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. JPMorgan Chase & Co. downgraded Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Citigroup cut their price target on Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Wells Fargo & Co cut their price target on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Finally, Deutsche Bank initiated coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Kimberly Clark currently has a consensus rating of “Hold” and a consensus target price of $126.44.
Shares of Kimberly Clark Corp (NYSE:KMB) opened at $111.44 on Friday. Kimberly Clark Corp has a 12-month low of $109.51 and a 12-month high of $136.21. The company has a debt-to-equity ratio of 7.34, a quick ratio of 0.58 and a current ratio of 0.89. The company has a market capitalization of $39,082.68, a PE ratio of 17.89, a PEG ratio of 2.02 and a beta of 0.66.
Kimberly Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same period last year, the firm earned $1.45 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. analysts predict that Kimberly Clark Corp will post 6.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a yield of 3.59%. Kimberly Clark’s dividend payout ratio (DPR) is currently 60.53%.
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Kimberly Clark 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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