Kimberly-Clark Corporation (KMB) Shares Bought by Nicholas Hoffman & Company LLC.
Nicholas Hoffman & Company LLC. raised its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,854 shares of the company’s stock after acquiring an additional 547 shares during the quarter. Kimberly-Clark comprises 0.9% of Nicholas Hoffman & Company LLC.’s investment portfolio, making the stock its 25th biggest holding. Nicholas Hoffman & Company LLC.’s holdings in Kimberly-Clark were worth $1,918,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC boosted its position in shares of Kimberly-Clark by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares in the last quarter. Heritage Trust Co boosted its position in shares of Kimberly-Clark by 11.2% during the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after purchasing an additional 100 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its position in shares of Kimberly-Clark by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares in the last quarter. Armbruster Capital Management Inc. boosted its position in shares of Kimberly-Clark by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after purchasing an additional 143 shares in the last quarter. Finally, Mosaic Family Wealth LLC boosted its position 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 worth $144,000 after purchasing an additional 6 shares in the last quarter. 70.60% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Corporation (NYSE KMB) traded up $0.25 on Monday, hitting $116.73. 340,310 shares of the company were exchanged, compared to its average volume of 1,796,531. 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 Corporation has a 12 month low of $109.67 and a 12 month high of $136.21. The firm has a market cap of $40,970.00, a price-to-earnings ratio of 19.06, a PEG ratio of 3.03 and a beta of 0.74.
Kimberly-Clark (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. sell-side analysts predict that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.32%. Kimberly-Clark’s dividend payout ratio is presently 64.03%.
KMB has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $119.00 price objective on shares of Kimberly-Clark in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Citigroup Inc. reissued a “neutral” rating and set a $131.00 price objective (down previously from $132.00) on shares of Kimberly-Clark in a research report on Friday, August 11th. Macquarie initiated coverage on shares of Kimberly-Clark in a research report on Friday, September 15th. They set a “neutral” rating and a $121.00 price objective on the stock. Finally, Barclays PLC reissued a “hold” rating on shares of Kimberly-Clark in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $127.14.
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Kimberly-Clark Company 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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