Magnetar Financial LLC Buys New Holdings in Kimberly Clark Corp (KMB)

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 Corp (NYSE KMB) opened at $112.98 on Friday. The firm has a market capitalization of $39,741.50, a price-to-earnings ratio of 18.49, a P/E/G ratio of 2.77 and a beta of 0.75. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. Kimberly Clark Corp has a 52-week low of $109.67 and a 52-week high of $136.21.

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%.

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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.

Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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