Eagle Ridge Investment Management Purchases Shares of 2,163 Kimberly Clark Corp (KMB)
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.
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