M Holdings Securities Inc. Purchases Shares of 1,924 Kimberly Clark Corp (KMB)
M Holdings Securities Inc. purchased a new stake in Kimberly Clark Corp (NYSE:KMB) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,924 shares of the company’s stock, valued at approximately $248,000.
Other hedge funds also recently bought and sold shares of the company. Martin Investment Management LLC acquired a new position in Kimberly Clark in the second quarter valued at about $443,000. Pax World Management LLC raised its stake in Kimberly Clark by 7.7% in the second 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. Capital Research Global Investors raised its stake in Kimberly Clark by 46.6% in the second 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. Boston Family Office LLC raised its stake in Kimberly Clark by 0.8% in the second 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 stake in Kimberly Clark by 3.7% in the first 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. 71.61% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on KMB shares. Jefferies Group reaffirmed a “hold” rating and issued a $119.00 price target on shares of Kimberly Clark in a research note on Thursday, September 7th. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Macquarie initiated coverage on Kimberly Clark in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 target price for the company. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $121.00 target price on shares of Kimberly Clark in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $127.14.
Shares of Kimberly Clark Corp (KMB) traded up $0.35 during midday trading on Friday, reaching $120.11. The company’s stock had a trading volume of 1,491,218 shares, compared to its average volume of 1,961,547. The firm has a market capitalization of $42,242.50, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 3.12 and a beta of 0.76. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly Clark Corp has a 12-month low of $109.67 and a 12-month high of $136.21.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 earnings per share. equities research analysts forecast that Kimberly Clark Corp will post 6.2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) 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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