Kimberly Clark Corp (KMB) Holdings Reduced by Mitsubishi UFJ Trust & Banking Corp
Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 0.5% during the 3rd quarter, Holdings Channel reports. The firm owned 745,527 shares of the company’s stock after selling 3,458 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kimberly Clark were worth $87,734,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Coldstream Capital Management Inc. boosted its stake in Kimberly Clark by 0.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,597 shares of the company’s stock valued at $206,000 after purchasing an additional 5 shares during the last quarter. Mosaic Family Wealth LLC lifted its holdings in shares of Kimberly Clark by 0.5% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after buying an additional 6 shares during the period. Winch Advisory Services LLC lifted its holdings in shares of Kimberly Clark by 0.6% during the 2nd quarter. Winch Advisory Services LLC now owns 1,404 shares of the company’s stock valued at $181,000 after buying an additional 8 shares during the period. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Kimberly Clark by 0.6% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 2,480 shares of the company’s stock valued at $320,000 after buying an additional 14 shares during the period. Finally, Stratford Consulting LLC lifted its holdings in shares of Kimberly Clark by 0.7% during the 2nd quarter. Stratford Consulting LLC now owns 2,034 shares of the company’s stock valued at $263,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 71.47% of the company’s stock.
Several equities analysts have recently weighed in on KMB shares. Bank of America lowered their price target on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Royal Bank of Canada reissued a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a report on Friday, October 13th. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. JPMorgan Chase & Co. cut Kimberly Clark from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $115.55 to $100.00 in a report on Friday, October 20th. Finally, Citigroup lowered their price target on Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $126.00.
Kimberly Clark Corp (NYSE:KMB) opened at $118.17 on Monday. Kimberly Clark Corp has a twelve month low of $109.67 and a twelve month high of $136.21. The company has a market capitalization of $41,567.16, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.93 and a beta of 0.75. 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 earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly Clark 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 analysts’ expectations of $4.65 billion. During the same period last year, the firm earned $1.52 EPS. Kimberly Clark’s revenue for the quarter was up 1.0% compared to the same quarter last year. analysts anticipate that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were issued a $0.97 dividend. The ex-dividend date was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.28%. Kimberly Clark’s dividend payout ratio is currently 64.03%.
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About Kimberly Clark
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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