Kimberly Clark Corp (KMB) Position Increased by Beacon Investment Advisory Services Inc.
Beacon Investment Advisory Services Inc. increased its holdings in Kimberly Clark Corp (NYSE:KMB) by 511.6% during the 3rd quarter, Holdings Channel reports. The firm owned 18,140 shares of the company’s stock after buying an additional 15,174 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Kimberly Clark were worth $2,134,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Kimberly Clark by 2.2% in the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after purchasing an additional 537,794 shares during the last quarter. Capital Research Global Investors boosted 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 acquiring an additional 3,191,549 shares in the last quarter. Wells Fargo & Company MN boosted its position in Kimberly Clark by 3.3% during the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock valued at $731,643,000 after acquiring an additional 181,517 shares in the last quarter. Federated Investors Inc. PA boosted its position in Kimberly Clark by 1.7% during the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock valued at $421,692,000 after acquiring an additional 55,108 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in Kimberly Clark by 35.9% during the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock valued at $322,672,000 after acquiring an additional 723,800 shares in the last quarter. 71.46% of the stock is currently owned by institutional investors.
Several analysts have weighed in on the company. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research report on Wednesday, January 10th. Bank of America cut their price objective on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Citigroup reaffirmed a “hold” rating and set a $125.00 price objective (down from $131.00) on shares of Kimberly Clark in a research report on Tuesday, October 24th. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Finally, Wells Fargo & Co cut their price objective on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Kimberly Clark has a consensus rating of “Hold” and an average target price of $126.50.
Kimberly Clark Corp (NYSE:KMB) opened at $112.98 on Tuesday. Kimberly Clark Corp has a 1-year low of $109.67 and a 1-year high of $136.21. The stock has a market cap of $39,740.00, a P/E ratio of 18.64, a PEG ratio of 2.77 and a beta of 0.75. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the business earned $1.52 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. sell-side analysts predict that Kimberly Clark Corp will post 6.2 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were issued a dividend of $0.97 per share. The ex-dividend date was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.43%. Kimberly Clark’s payout ratio is 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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