Dimensional Fund Advisors LP Acquires 47,658 Shares of Kimberly-Clark Corporation (KMB)
Dimensional Fund Advisors LP boosted its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 770,251 shares of the company’s stock after acquiring an additional 47,658 shares during the period. Dimensional Fund Advisors LP owned 0.22% of Kimberly-Clark worth $99,447,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cadinha & Co. LLC increased its stake in Kimberly-Clark by 18.6% during the 1st quarter. Cadinha & Co. LLC now owns 3,191 shares of the company’s stock valued at $420,000 after purchasing an additional 500 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Kimberly-Clark by 2.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 100,761 shares of the company’s stock valued at $13,264,000 after purchasing an additional 2,776 shares in the last quarter. Northstar Wealth Partners LLC bought a new stake in Kimberly-Clark during the 1st quarter valued at about $736,000. Mason Street Advisors LLC increased its stake in Kimberly-Clark by 0.3% during the 1st quarter. Mason Street Advisors LLC now owns 49,162 shares of the company’s stock valued at $6,471,000 after purchasing an additional 168 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Kimberly-Clark by 14.7% during the 1st quarter. Pacer Advisors Inc. now owns 12,335 shares of the company’s stock valued at $1,624,000 after purchasing an additional 1,582 shares in the last quarter. 70.60% of the stock is owned by institutional investors.
Shares of Kimberly-Clark Corporation (KMB) opened at $116.48 on Friday. Kimberly-Clark Corporation has a 12 month low of $109.67 and a 12 month high of $136.21. The company has a market cap of $40,972.66, a P/E ratio of 19.06, a PEG ratio of 3.03 and a beta of 0.74. 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 (NYSE:KMB) last announced its quarterly 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. Kimberly-Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period in the previous year, the business posted $1.52 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. research analysts anticipate that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be paid a $0.97 dividend. The ex-dividend date is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.33%. Kimberly-Clark’s dividend payout ratio is presently 64.03%.
A number of research firms have weighed in on KMB. BidaskClub lowered shares of Kimberly-Clark from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of Kimberly-Clark from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Bank of America Corporation reduced their price objective on shares of Kimberly-Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research note on Tuesday, October 24th. Finally, Citigroup Inc. reiterated a “hold” rating and issued a $125.00 price target (down from $131.00) on shares of Kimberly-Clark in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.14.
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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