Private Advisor Group LLC Sells 3,181 Shares of Kimberly Clark Corp (KMB)
Private Advisor Group LLC lowered its stake in Kimberly Clark Corp (NYSE:KMB) by 6.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 42,895 shares of the company’s stock after selling 3,181 shares during the quarter. Private Advisor Group LLC’s holdings in Kimberly Clark were worth $4,956,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Financial Counselors Inc. grew its stake in Kimberly Clark by 10.5% in the 3rd quarter. Financial Counselors Inc. now owns 78,439 shares of the company’s stock valued at $9,231,000 after acquiring an additional 7,484 shares during the period. BB&T Investment Services Inc. grew its stake in Kimberly Clark by 20.9% in the 3rd quarter. BB&T Investment Services Inc. now owns 16,029 shares of the company’s stock valued at $1,892,000 after acquiring an additional 2,773 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new stake in Kimberly Clark in the 3rd quarter valued at $9,404,000. Cornerstone Capital Inc. grew its stake in Kimberly Clark by 6.1% in the 3rd quarter. Cornerstone Capital Inc. now owns 142,786 shares of the company’s stock valued at $16,803,000 after acquiring an additional 8,240 shares during the period. Finally, Stifel Financial Corp grew its stake in Kimberly Clark by 29,110.9% in the 3rd quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock valued at $91,647,000 after acquiring an additional 775,805 shares during the period. 71.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly Clark Corp (NYSE:KMB) opened at $112.70 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The stock has a market cap of $39,640.00, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. sell-side analysts forecast that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.44%. Kimberly Clark’s payout ratio is 64.03%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research note on Wednesday. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and lifted their target price for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Deutsche Bank assumed coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Finally, Macquarie assumed coverage on shares of Kimberly Clark in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 target price on the stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $126.50.
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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