Kimberly Clark Corp (KMB) Shares Sold by Northeast Investment Management
Northeast Investment Management reduced its position in shares of Kimberly Clark Corp (NYSE:KMB) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,713 shares of the company’s stock after selling 698 shares during the quarter. Northeast Investment Management’s holdings in Kimberly Clark were worth $555,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Martin Investment Management LLC bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at about $443,000. Capital Research Global Investors grew its stake in shares of 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 during the period. Pax World Management LLC grew its stake in shares of 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 during the period. Boston Family Office LLC grew its stake in shares of 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 acquiring an additional 90 shares during the period. Finally, Strategy Asset Managers LLC grew its stake in shares of Kimberly Clark by 80.0% during the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after acquiring an additional 1,390 shares during the period. Institutional investors and hedge funds own 71.47% of the company’s stock.
Kimberly Clark Corp (NYSE:KMB) opened at $112.98 on Friday. 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 Corp has a twelve month low of $109.67 and a twelve month high of $136.21. The company has a market capitalization of $39,740.00, a P/E ratio of 18.64, a P/E/G ratio of 2.93 and a beta of 0.75.
Kimberly Clark (NYSE:KMB) last posted its quarterly 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 in the previous year, the firm earned $1.52 EPS. The firm’s revenue 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 firm also recently declared 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 3.43%. Kimberly Clark’s dividend payout ratio is presently 64.03%.
A number of brokerages recently issued reports on KMB. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Wednesday. Bank of America cut their price objective on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Citigroup reiterated a “hold” rating and set a $125.00 price objective (down from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Finally, Wells Fargo & Co cut their price objective on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $126.50.
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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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