PagnatoKarp Partners LLC Increases Holdings in Kimberly-Clark Corporation (KMB)
PagnatoKarp Partners LLC raised its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,164 shares of the company’s stock after buying an additional 34 shares during the period. PagnatoKarp Partners LLC’s holdings in Kimberly-Clark Corporation were worth $281,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. D.A. Davidson & CO. increased its holdings in Kimberly-Clark Corporation by 2.1% during the second quarter. D.A. Davidson & CO. now owns 262,934 shares of the company’s stock valued at $33,947,000 after buying an additional 5,398 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Kimberly-Clark Corporation during the second quarter valued at approximately $226,000. Trustmark National Bank Trust Department increased its holdings in Kimberly-Clark Corporation by 0.5% during the second quarter. Trustmark National Bank Trust Department now owns 49,063 shares of the company’s stock valued at $6,334,000 after buying an additional 224 shares during the last quarter. Abbot Financial Management Inc. purchased a new stake in Kimberly-Clark Corporation during the second quarter valued at approximately $2,017,000. Finally, Lazard Asset Management LLC increased its holdings in Kimberly-Clark Corporation by 9.6% during the second quarter. Lazard Asset Management LLC now owns 340,532 shares of the company’s stock valued at $43,965,000 after buying an additional 29,719 shares during the last quarter. 70.60% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Societe Generale raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Citigroup Inc. reduced their price objective on shares of Kimberly-Clark Corporation from $125.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Barclays PLC reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, October 26th. Finally, Bank of America Corporation dropped their target price on shares of Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $127.14.
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Kimberly-Clark Corporation (NYSE:KMB) opened at $117.00 on Wednesday. Kimberly-Clark Corporation has a 12-month low of $109.67 and a 12-month high of $136.21. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The company has a market cap of $40,575.21, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. equities research analysts forecast that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.03%.
About Kimberly-Clark Corporation
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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