Wilbanks Smith & Thomas Asset Management LLC trimmed its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 20.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,468 shares of the company’s stock after selling 3,214 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Kimberly-Clark were worth $1,610,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Heritage Trust Co grew its holdings in Kimberly-Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares during the period. Sterling Investment Advisors Ltd. grew its holdings in Kimberly-Clark by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after acquiring an additional 400 shares during the period. Armbruster Capital Management Inc. grew its holdings in Kimberly-Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after acquiring an additional 143 shares during the period. Mosaic Family Wealth LLC grew its holdings in Kimberly-Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after acquiring an additional 6 shares during the period. Finally, Acrospire Investment Management LLC grew its holdings in Kimberly-Clark by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after acquiring an additional 300 shares during the period. 71.61% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the company. Citigroup reaffirmed a “neutral” rating and set a $131.00 target price (down from $132.00) on shares of Kimberly-Clark in a report on Friday, August 11th. Barclays reissued a “hold” rating on shares of Kimberly-Clark in a research note on Thursday, October 26th. Jefferies Group reissued 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, October 26th. Finally, Societe Generale raised Kimberly-Clark from a “hold” rating to a “buy” rating and lifted their price target for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $127.14.
Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data 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 firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the company posted $1.52 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. equities research analysts forecast that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.16%. Kimberly-Clark’s payout ratio is presently 64.03%.
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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