Hunter Associates Investment Management LLC Continues to Hold Stake in Kimberly-Clark Corporation (KMB)
Hunter Associates Investment Management LLC maintained its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,947 shares of the company’s stock at the close of the second quarter. Hunter Associates Investment Management LLC’s holdings in Kimberly-Clark Corporation were worth $1,026,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in KMB. APG Asset Management N.V. raised its position in Kimberly-Clark Corporation by 85.3% during the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after acquiring an additional 929,300 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Kimberly-Clark Corporation during the first quarter valued at approximately $93,657,000. Alliancebernstein L.P. raised its position in Kimberly-Clark Corporation by 83.7% during the second quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock valued at $183,043,000 after acquiring an additional 645,881 shares in the last quarter. Vanguard Group Inc. raised its position in Kimberly-Clark Corporation by 2.2% during the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock valued at $3,197,638,000 after acquiring an additional 537,794 shares in the last quarter. Finally, FMR LLC raised its position in Kimberly-Clark Corporation by 23.4% during the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after acquiring an additional 491,121 shares in the last quarter. Institutional investors own 70.60% of the company’s stock.
Shares of Kimberly-Clark Corporation (KMB) opened at $116.05 on Friday. 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 Corporation has a 1-year low of $109.67 and a 1-year high of $136.21. The company has a market capitalization of $40,820.00, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the company earned $1.52 earnings per share. Kimberly-Clark Corporation’s quarterly revenue was up 1.0% compared to the same quarter last year. equities research analysts anticipate that Kimberly-Clark Corporation will post 6.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.34%. The ex-dividend date is Thursday, December 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.03%.
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Several research analysts recently weighed in on the company. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. BidaskClub cut Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Citigroup Inc. reissued a “neutral” rating and issued a $131.00 price objective (down from $132.00) on shares of Kimberly-Clark Corporation in a report on Friday, August 11th. Finally, Macquarie initiated coverage on Kimberly-Clark Corporation in a report on Friday, September 15th. They issued a “neutral” rating and a $121.00 price objective on the stock. 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 stock. The stock presently has an average rating of “Hold” and an average target price of $127.14.
Kimberly-Clark Corporation 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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