BARING ASSET MANAGEMENT Ltd Has $462,000 Holdings in Kimberly Clark Corp (KMB)
BARING ASSET MANAGEMENT Ltd raised its position in Kimberly Clark Corp (NYSE:KMB) by 15.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,919 shares of the company’s stock after purchasing an additional 511 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Kimberly Clark were worth $462,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Martin Investment Management LLC bought a new position in Kimberly Clark in the 2nd quarter valued at $443,000. Capital Research Global Investors boosted its holdings in Kimberly Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Pax World Management LLC boosted its holdings in Kimberly Clark by 7.7% in the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after purchasing an additional 200 shares during the period. Boston Family Office LLC boosted its holdings in Kimberly Clark by 0.8% in the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after purchasing an additional 90 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Kimberly Clark by 3.7% in the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after purchasing an additional 68,776 shares during the period. 71.47% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on KMB shares. Bank of America cut their price target 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. Royal Bank of Canada restated a “hold” rating and set a $121.00 price objective on shares of Kimberly Clark in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. J P Morgan Chase & Co cut shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup lowered their price objective on shares of Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. Kimberly Clark has an average rating of “Hold” and a consensus target price of $126.00.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. analysts forecast that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s payout ratio is presently 64.03%.
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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