Royce & Associates LP lifted its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 54.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,500 shares of the company’s stock after purchasing an additional 19,500 shares during the quarter. Royce & Associates LP’s holdings in Kimberly Clark were worth $6,531,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its holdings in Kimberly Clark by 1.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 100,592 shares of the company’s stock worth $11,837,000 after acquiring an additional 1,356 shares during the last quarter. Engineers Gate Manager LP grew its holdings in Kimberly Clark by 113.2% during the 3rd quarter. Engineers Gate Manager LP now owns 18,730 shares of the company’s stock worth $2,204,000 after acquiring an additional 9,944 shares during the last quarter. Synovus Financial Corp grew its holdings in Kimberly Clark by 2.2% during the 3rd quarter. Synovus Financial Corp now owns 111,713 shares of the company’s stock worth $13,178,000 after acquiring an additional 2,453 shares during the last quarter. ARGI Investment Services LLC grew its holdings in Kimberly Clark by 3.8% during the 3rd quarter. ARGI Investment Services LLC now owns 13,705 shares of the company’s stock worth $1,615,000 after acquiring an additional 503 shares during the last quarter. Finally, SevenBridge Financial Group LLC grew its holdings in Kimberly Clark by 9.5% during the 3rd quarter. SevenBridge Financial Group LLC now owns 8,455 shares of the company’s stock worth $995,000 after acquiring an additional 732 shares during the last quarter. 71.47% of the stock is currently owned by institutional investors.
Kimberly Clark Corp (NYSE:KMB) opened at $112.98 on Friday. The stock has a market cap of $39,740.00, a P/E ratio of 18.64, a PEG ratio of 2.93 and a beta of 0.75. Kimberly Clark Corp has a 1 year low of $109.67 and a 1 year high of $136.21. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 EPS. equities research analysts forecast that Kimberly Clark Corp will post 6.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were given a $0.97 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.43%. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.03%.
A number of equities research analysts have weighed in on KMB shares. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Citigroup lowered shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a report on Monday, December 11th. Deutsche Bank started coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Finally, Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $126.50.
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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