Toth Financial Advisory Corp grew its holdings in Kimberly Clark Corp (NYSE:KMB) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,645 shares of the company’s stock after buying an additional 502 shares during the period. Toth Financial Advisory Corp’s holdings in Kimberly Clark were worth $4,377,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Kimberly Clark by 47.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,372,857 shares of the company’s stock valued at $618,104,000 after purchasing an additional 1,406,339 shares during the last quarter. FIL Ltd lifted its stake in shares of Kimberly Clark by 37.3% in the 2nd quarter. FIL Ltd now owns 2,492,618 shares of the company’s stock valued at $352,332,000 after purchasing an additional 677,173 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Kimberly Clark by 10.3% in the 1st quarter. AQR Capital Management LLC now owns 2,381,800 shares of the company’s stock valued at $304,560,000 after purchasing an additional 221,466 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Kimberly Clark by 4.5% in the 2nd quarter. California Public Employees Retirement System now owns 2,242,370 shares of the company’s stock valued at $316,959,000 after purchasing an additional 97,403 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Kimberly Clark by 7.8% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,872,012 shares of the company’s stock valued at $264,609,000 after purchasing an additional 134,712 shares during the last quarter. 71.39% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the company. Jefferies Financial Group upped their price target on Kimberly Clark from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lowered Kimberly Clark from an “overweight” rating to a “neutral” rating and set a $163.00 target price on the stock. in a research note on Friday. They noted that the move was a valuation call. TheStreet raised Kimberly Clark from a “c+” rating to an “a-” rating in a research note on Thursday, July 23rd. Berenberg Bank initiated coverage on Kimberly Clark in a research note on Friday. They set a “buy” rating and a $181.00 target price on the stock. Finally, Morgan Stanley increased their target price on Kimberly Clark from $146.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $157.88.
NYSE KMB traded down $0.99 during trading hours on Friday, hitting $153.33. 1,357,368 shares of the company were exchanged, compared to its average volume of 1,806,693. The company has a 50 day moving average of $150.09 and a two-hundred day moving average of $144.39. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 14.59. Kimberly Clark Corp has a 52-week low of $110.66 and a 52-week high of $160.16. The firm has a market cap of $52.29 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 3.63 and a beta of 0.50.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.40. Kimberly Clark had a return on equity of 1,319.56% and a net margin of 13.58%. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the business earned $1.67 EPS. Kimberly Clark’s revenue was up .4% on a year-over-year basis. On average, equities research analysts predict that Kimberly Clark Corp will post 7.7 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $4.28 annualized dividend and a yield of 2.79%. Kimberly Clark’s dividend payout ratio (DPR) is 62.12%.
In other news, insider Aaron Powell sold 8,663 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $151.38, for a total value of $1,311,404.94. Following the transaction, the insider now owns 8,707 shares in the company, valued at approximately $1,318,065.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kimberly K. Underhill sold 11,715 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $148.00, for a total value of $1,733,820.00. Following the completion of the transaction, the insider now owns 44,773 shares in the company, valued at approximately $6,626,404. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.
About Kimberly Clark
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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