Cobblestone Capital Advisors LLC NY lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,533 shares of the company’s stock after purchasing an additional 1,193 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Kimberly-Clark were worth $1,150,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Kimberly-Clark by 11.4% in the fourth quarter. BlackRock Inc. now owns 26,644,473 shares of the company’s stock worth $3,592,477,000 after buying an additional 2,733,540 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Kimberly-Clark by 20.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,098,362 shares of the company’s stock worth $1,048,143,000 after buying an additional 1,199,969 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Kimberly-Clark by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,535,828 shares of the company’s stock worth $669,761,000 after buying an additional 162,971 shares in the last quarter. FIL Ltd raised its stake in Kimberly-Clark by 4.6% in the fourth quarter. FIL Ltd now owns 2,694,661 shares of the company’s stock worth $363,321,000 after buying an additional 117,597 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Kimberly-Clark by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 2,334,959 shares of the company’s stock worth $314,823,000 after buying an additional 47,111 shares in the last quarter. Institutional investors own 71.89% of the company’s stock.
KMB has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kimberly-Clark from $150.00 to $144.00 and set a “hold” rating for the company in a research note on Thursday, January 21st. Barclays reaffirmed a “buy” rating and set a $167.00 target price on shares of Kimberly-Clark in a research note on Monday, October 26th. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $146.00 target price for the company in a research note on Thursday, January 28th. Sanford C. Bernstein started coverage on shares of Kimberly-Clark in a research note on Tuesday, January 19th. They set a “market perform” rating and a $142.00 target price for the company. Finally, Citigroup decreased their target price on shares of Kimberly-Clark from $127.00 to $122.00 in a research note on Tuesday, January 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Kimberly-Clark presently has an average rating of “Hold” and an average target price of $149.92.
Shares of NYSE:KMB traded up $0.71 during trading on Tuesday, reaching $131.77. 36,563 shares of the stock traded hands, compared to its average volume of 2,125,761. The stock has a 50-day moving average of $132.24 and a two-hundred day moving average of $141.43. Kimberly-Clark Co. has a 52-week low of $110.66 and a 52-week high of $160.16. The company has a debt-to-equity ratio of 13.61, a quick ratio of 0.70 and a current ratio of 1.00. The stock has a market cap of $44.59 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 3.10 and a beta of 0.50.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Sunday, January 24th. The company reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.08. Kimberly-Clark had a net margin of 12.49% and a return on equity of 812.50%. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts expect that Kimberly-Clark Co. will post 7.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 5th. Investors of record on Friday, March 5th will be issued a $1.14 dividend. The ex-dividend date of this dividend is Thursday, March 4th. This represents a $4.56 annualized dividend and a yield of 3.46%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.07. Kimberly-Clark’s dividend payout ratio (DPR) is currently 62.12%.
Kimberly-Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue 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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