International Assets Investment Management LLC raised its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 13,351.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 311,273 shares of the company’s stock after buying an additional 308,959 shares during the period. International Assets Investment Management LLC owned approximately 0.09% of Kimberly-Clark worth $44,288,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of KMB. William B. Walkup & Associates Inc. acquired a new stake in Kimberly-Clark during the 2nd quarter valued at approximately $26,000. New Millennium Group LLC bought a new stake in Kimberly-Clark in the second quarter valued at about $28,000. Crewe Advisors LLC acquired a new stake in Kimberly-Clark during the first quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. lifted its holdings in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter worth approximately $39,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
KMB has been the subject of a number of research reports. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. cut their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. UBS Group lowered their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $149.93.
Kimberly-Clark Trading Down 1.1 %
Shares of NYSE KMB opened at $135.52 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.58 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a one year low of $116.63 and a one year high of $149.30. The business has a 50-day moving average price of $142.94 and a two-hundred day moving average price of $138.79. The firm has a market capitalization of $45.63 billion, a PE ratio of 17.58, a PEG ratio of 2.89 and a beta of 0.39.
Kimberly-Clark (NYSE:KMB – Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the previous year, the firm posted $1.74 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. As a group, analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.
Kimberly-Clark Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.60%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.
Kimberly-Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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