Bedel Financial Consulting Inc. purchased a new stake in shares of Kimberly Clark Corp (NYSE:KMB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,023 shares of the company’s stock, valued at approximately $606,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. California Public Employees Retirement System grew its holdings in Kimberly Clark by 2.7% in the fourth quarter. California Public Employees Retirement System now owns 876,719 shares of the company’s stock worth $105,785,000 after purchasing an additional 23,450 shares during the period. Community Bank N.A. grew its holdings in Kimberly Clark by 30.5% in the fourth quarter. Community Bank N.A. now owns 8,238 shares of the company’s stock worth $993,000 after purchasing an additional 1,923 shares during the period. Rench Wealth Management Inc. grew its holdings in Kimberly Clark by 12.9% in the fourth quarter. Rench Wealth Management Inc. now owns 31,680 shares of the company’s stock worth $3,822,000 after purchasing an additional 3,629 shares during the period. River Road Asset Management LLC grew its holdings in Kimberly Clark by 62.2% in the fourth quarter. River Road Asset Management LLC now owns 637,968 shares of the company’s stock worth $76,977,000 after purchasing an additional 244,743 shares during the period. Finally, MPI Investment Management Inc. purchased a new stake in Kimberly Clark in the fourth quarter worth about $219,000. Institutional investors own 71.69% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Citigroup cut shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a report on Monday, December 11th. Deutsche Bank assumed coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective on the stock. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a report on Wednesday, January 10th. JPMorgan Chase & Co. cut shares of 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. Finally, Bank of America cut their price objective on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $126.44.
Shares of Kimberly Clark Corp (KMB) opened at $112.73 on Thursday. Kimberly Clark Corp has a fifty-two week low of $109.51 and a fifty-two week high of $136.21. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34. The company has a market cap of $39,510.57, a P/E ratio of 18.08, a PEG ratio of 2.04 and a beta of 0.66.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter in the prior year, the company posted $1.45 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. sell-side analysts forecast that Kimberly Clark Corp will post 6.98 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be issued a dividend of $1.00 per share. This is a boost from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.55%. Kimberly Clark’s dividend payout ratio is presently 60.53%.
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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