Sigma Planning Corp lifted its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,884 shares of the company’s stock after purchasing an additional 2,513 shares during the period. Sigma Planning Corp’s holdings in Kimberly Clark were worth $2,105,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Heritage Trust Co lifted its position in shares of Kimberly Clark by 11.2% in the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after purchasing an additional 100 shares during the period. Sterling Investment Advisors Ltd. lifted its position in shares of Kimberly Clark by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares during the period. Armbruster Capital Management Inc. lifted its position in shares of Kimberly Clark by 15.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after purchasing an additional 143 shares during the period. Mosaic Family Wealth LLC lifted its position in shares of Kimberly Clark by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after purchasing an additional 6 shares during the period. Finally, MPS Loria Financial Planners LLC purchased a new position in Kimberly Clark during the 2nd quarter valued at about $150,000. 71.47% of the stock is currently owned by institutional investors.
Shares of Kimberly Clark Corp (NYSE KMB) opened at $112.98 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The stock has a market cap of $39,740.00, a P/E ratio of 18.64, a P/E/G ratio of 2.93 and a beta of 0.75. Kimberly Clark Corp has a 12-month low of $109.67 and a 12-month high of $136.21.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. equities analysts predict that Kimberly Clark Corp will post 6.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend payout ratio is currently 64.03%.
A number of research analysts recently issued reports on KMB shares. Bank of America lowered their price target on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Royal Bank of Canada reissued a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a research report on Friday, October 13th. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Finally, Citigroup reduced their price objective on shares of Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $126.50.
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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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