2,650 Shares in Kimberly Clark Corp (KMB) Acquired by Beaton Management Co. Inc.
Beaton Management Co. Inc. acquired a new stake in shares of Kimberly Clark Corp (NYSE:KMB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,650 shares of the company’s stock, valued at approximately $342,000.
Other large investors have also recently modified their holdings of the company. Dai Ichi Life Insurance Company Ltd lifted its position in Kimberly Clark by 13.0% during the first quarter. Dai Ichi Life Insurance Company Ltd now owns 80,412 shares of the company’s stock valued at $10,585,000 after purchasing an additional 9,261 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Kimberly Clark by 22.3% in the 1st quarter. Blair William & Co. IL now owns 126,525 shares of the company’s stock worth $16,748,000 after acquiring an additional 23,104 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Kimberly Clark by 2.1% in the 1st quarter. American International Group Inc. now owns 167,974 shares of the company’s stock worth $22,110,000 after acquiring an additional 3,425 shares during the last quarter. Noesis Capital Mangement Corp lifted its holdings in shares of Kimberly Clark by 28.5% in the 1st quarter. Noesis Capital Mangement Corp now owns 3,490 shares of the company’s stock worth $459,000 after acquiring an additional 773 shares during the last quarter. Finally, Kwmg LLC lifted its holdings in shares of Kimberly Clark by 47.1% in the 1st quarter. Kwmg LLC now owns 11,624 shares of the company’s stock worth $1,530,000 after acquiring an additional 3,721 shares during the last quarter. 71.61% of the stock is owned by institutional investors.
Kimberly Clark Corp (KMB) opened at $120.11 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21. The company has a market cap of $42,126.46, a price-to-earnings ratio of 19.60, a P/E/G ratio of 3.11 and a beta of 0.76.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts anticipate that Kimberly Clark Corp will post 6.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s payout ratio is 64.03%.
A number of brokerages have recently weighed in on KMB. Zacks Investment Research lowered shares of Kimberly Clark from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Bank of America lowered their price objective on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th. Barclays restated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Citigroup restated a “hold” rating and issued a $125.00 price objective (down from $131.00) on shares of Kimberly Clark in a report on Tuesday, October 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $127.14.
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Kimberly Clark Profile
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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