Kimberly Clark Corp (KMB) Position Cut by Bremer Trust National Association
Bremer Trust National Association lowered its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,769 shares of the company’s stock after selling 602 shares during the quarter. Bremer Trust National Association’s holdings in Kimberly Clark were worth $444,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Martin Investment Management LLC bought a new stake in Kimberly Clark during the 2nd quarter valued at $443,000. Capital Research Global Investors raised its position in Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after purchasing an additional 3,191,549 shares in the last quarter. Pax World Management LLC raised its position in Kimberly Clark by 7.7% during the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after purchasing an additional 200 shares in the last quarter. Boston Family Office LLC raised its position in Kimberly Clark by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after purchasing an additional 90 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Kimberly Clark by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after purchasing an additional 68,776 shares in the last quarter. Institutional investors own 71.47% of the company’s stock.
A number of equities research analysts have weighed in on KMB shares. Bank of America decreased their target price on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $121.00 target price on shares of Kimberly Clark in a research report on Friday, October 13th. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. J P Morgan Chase & Co lowered Kimberly Clark from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup decreased their target price on Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $126.00.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. research analysts anticipate that Kimberly Clark Corp will post 6.21 earnings per share for the current 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 given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s payout ratio is 64.03%.
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.
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.