Verity Asset Management Inc. acquired a new position in shares of Kimberly Clark Corp (NYSE:KMB) during the third quarter, HoldingsChannel reports. The fund acquired 2,940 shares of the company’s stock, valued at approximately $334,000.
A number of other institutional investors and hedge funds also recently modified their holdings of KMB. Renaissance Technologies LLC purchased a new stake in shares of Kimberly Clark in the 2nd quarter valued at about $40,577,000. PVG Asset Management Corp increased its position in shares of Kimberly Clark by 159.8% during the 2nd quarter. PVG Asset Management Corp now owns 10,783 shares of the company’s stock valued at $1,135,000 after purchasing an additional 6,633 shares during the last quarter. MAI Capital Management increased its position in shares of Kimberly Clark by 22.7% during the 2nd quarter. MAI Capital Management now owns 3,206 shares of the company’s stock valued at $338,000 after purchasing an additional 593 shares during the last quarter. Cleararc Capital Inc. increased its position in shares of Kimberly Clark by 254.1% during the 2nd quarter. Cleararc Capital Inc. now owns 31,751 shares of the company’s stock valued at $3,345,000 after purchasing an additional 22,784 shares during the last quarter. Finally, Centaurus Financial Inc. increased its position in shares of Kimberly Clark by 87.7% during the 2nd quarter. Centaurus Financial Inc. now owns 3,854 shares of the company’s stock valued at $406,000 after purchasing an additional 1,801 shares during the last quarter. 73.38% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on KMB. Morgan Stanley increased their price objective on Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, August 31st. Citigroup raised their price target on Kimberly Clark from $93.00 to $95.00 and gave the stock a “sell” rating in a research report on Wednesday, October 24th. JPMorgan Chase & Co. upgraded Kimberly Clark from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $86.00 in a research report on Thursday, August 16th. Deutsche Bank raised their price target on Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Finally, ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $105.64.
KMB opened at $112.89 on Monday. The company has a market capitalization of $39.07 billion, a PE ratio of 18.12, a PEG ratio of 2.74 and a beta of 0.67. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.75 and a quick ratio of 0.49. Kimberly Clark Corp has a 52 week low of $97.10 and a 52 week high of $123.77.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 22nd. The company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.07. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Kimberly Clark had a return on equity of 535.49% and a net margin of 8.74%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 EPS. As a group, research analysts expect that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 7th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, December 6th. Kimberly Clark’s payout ratio is 64.21%.
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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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