Magnetar Financial LLC bought a new position in Kimberly Clark Corp (NYSE:KMB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,641 shares of the company’s stock, valued at approximately $311,000.
Other institutional investors have also bought and sold shares of the company. San Francisco Sentry Investment Group CA grew its holdings in shares of Kimberly Clark by 2,385.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after acquiring an additional 954 shares during the period. Heritage Trust Co grew its holdings in shares of Kimberly Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares during the period. Armbruster Capital Management Inc. grew its holdings in shares of Kimberly Clark by 15.9% in the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after acquiring an additional 143 shares during the period. Mosaic Family Wealth LLC grew its holdings in shares of Kimberly Clark by 0.5% in the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after acquiring an additional 6 shares during the period. Finally, MPS Loria Financial Planners LLC bought a new stake in shares of Kimberly Clark in the second quarter worth $150,000. 71.47% of the stock is owned by institutional investors and hedge funds.
KMB has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Societe Generale raised Kimberly Clark from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Citigroup lowered Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective for the company. in a report on Monday, December 11th. Deutsche Bank initiated coverage on Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective for the company. Finally, Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $126.50.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. Kimberly Clark’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. equities analysts anticipate that Kimberly Clark Corp will post 6.2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were given a dividend of $0.97 per share. The ex-dividend date was Thursday, December 7th. This represents a $3.88 annualized dividend and a yield of 3.43%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.03%.
About Kimberly Clark
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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