Kimberly-Clark Corporation (KMB) Position Raised by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its holdings in Kimberly-Clark Corporation (NYSE:KMB) by 50.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,672 shares of the company’s stock after acquiring an additional 1,225 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Kimberly-Clark were worth $474,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in KMB. Heritage Trust Co boosted its position in Kimberly-Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after purchasing an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its position in Kimberly-Clark by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the last quarter. Armbruster Capital Management Inc. boosted its position in Kimberly-Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after purchasing an additional 143 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in Kimberly-Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after purchasing an additional 6 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in Kimberly-Clark by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $155,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 71.61% of the company’s stock.

Kimberly-Clark Corporation (KMB) traded down $0.26 during trading hours on Wednesday, reaching $122.85. The company had a trading volume of 2,056,600 shares, compared to its average volume of 1,816,515. The firm has a market cap of $43,304.84, a PE ratio of 20.15, a P/E/G ratio of 3.20 and a beta of 0.76. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly-Clark Corporation has a 1-year low of $109.67 and a 1-year high of $136.21.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.97 per share. 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 3.16%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.03%.

A number of analysts have recently issued reports on KMB shares. Zacks Investment Research raised Kimberly-Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America cut their price objective on Kimberly-Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Wells Fargo & Company cut their price objective on Kimberly-Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research report on Tuesday, October 24th. Citigroup cut their price objective on Kimberly-Clark from $125.00 to $124.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Finally, Societe Generale raised Kimberly-Clark from a “hold” rating to a “buy” rating and raised their price objective for the company from $112.05 to $144.00 in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $127.14.

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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.

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

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