Dana Investment Advisors Inc. Sells 2,925 Shares of Kimberly Clark Corp (KMB)
Dana Investment Advisors Inc. reduced its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,859 shares of the company’s stock after selling 2,925 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Kimberly Clark were worth $26,697,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its position in shares of Kimberly Clark by 34.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,146 shares of the company’s stock valued at $253,000 after buying an additional 549 shares in the last quarter. Piedmont Investment Advisors LLC increased its position in shares of Kimberly Clark by 0.9% in the third quarter. Piedmont Investment Advisors LLC now owns 76,409 shares of the company’s stock valued at $8,992,000 after buying an additional 700 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Kimberly Clark by 8.6% in the third quarter. California Public Employees Retirement System now owns 853,269 shares of the company’s stock valued at $100,413,000 after buying an additional 67,469 shares in the last quarter. Tortoise Investment Management LLC increased its position in shares of Kimberly Clark by 110.5% in the third quarter. Tortoise Investment Management LLC now owns 1,524 shares of the company’s stock valued at $179,000 after buying an additional 800 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Kimberly Clark by 2.2% in the third quarter. Janney Montgomery Scott LLC now owns 230,894 shares of the company’s stock valued at $27,172,000 after buying an additional 5,080 shares in the last quarter. Institutional investors own 71.46% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America cut their price objective on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective for the company. in a research report on Monday, December 11th. Deutsche Bank began coverage on Kimberly Clark in a research report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective for the company. Finally, Wells Fargo & Co lowered their price target on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Kimberly Clark currently has a consensus rating of “Hold” and a consensus price target of $126.50.
Shares of Kimberly Clark Corp (NYSE KMB) opened at $114.26 on Wednesday. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The stock has a market capitalization of $40,190.00, a P/E ratio of 18.85, a PEG ratio of 2.77 and a beta of 0.75. Kimberly Clark Corp has a 12 month low of $109.67 and a 12 month high of $136.21.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. research analysts predict that Kimberly Clark Corp will post 6.2 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.03%.
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Kimberly Clark Company 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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