Eagle Ridge Investment Management purchased a new position in shares of Kimberly Clark Corp (NYSE:KMB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,163 shares of the company’s stock, valued at approximately $255,000.

Other large investors also recently made changes to their positions in the company. Heritage Trust Co grew its stake in shares of Kimberly Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after purchasing an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its position in Kimberly Clark by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after acquiring an additional 400 shares during the last quarter. Armbruster Capital Management Inc. boosted its position in Kimberly Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after acquiring an additional 143 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after acquiring an additional 6 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new stake in Kimberly Clark during the second quarter valued at $150,000. Institutional investors own 71.61% of the company’s stock.

Shares of Kimberly Clark Corp (KMB) opened at $118.51 on Monday. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. Kimberly Clark Corp has a fifty-two week low of $109.67 and a fifty-two week high of $136.21. The firm has a market cap of $41,686.72, a PE ratio of 19.40, a P/E/G ratio of 3.08 and a beta of 0.76.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $4.65 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. analysts expect that Kimberly Clark Corp will post 6.21 earnings per share for the current fiscal 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 issued a $0.97 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.27%. Kimberly Clark’s dividend payout ratio is presently 64.03%.

A number of 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 on the stock in a research report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a research report on Friday, October 13th. Zacks Investment Research raised 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 cut their price objective for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup cut 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 research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $126.00.

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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.

Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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