Baldwin Brothers Inc. MA lessened its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,346 shares of the company’s stock after selling 1,812 shares during the quarter. Baldwin Brothers Inc. MA’s holdings in Kimberly Clark were worth $629,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heritage Trust Co boosted its stake in Kimberly Clark by 11.2% during the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after purchasing an additional 100 shares during the period. Sterling Investment Advisors Ltd. boosted its stake in Kimberly Clark by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the period. Armbruster Capital Management Inc. boosted its stake in Kimberly Clark by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after purchasing an additional 143 shares during the period. Mosaic Family Wealth LLC boosted its stake in Kimberly Clark by 0.5% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after purchasing an additional 6 shares during the period. Finally, MPS Loria Financial Planners LLC bought a new stake in Kimberly Clark during the 2nd quarter valued at approximately $150,000. Institutional investors own 71.61% of the company’s stock.
KMB has been the subject of several recent analyst reports. Jefferies Group restated a “hold” rating and set a $119.00 target price on shares of Kimberly Clark in a research note on Thursday, September 7th. Zacks Investment Research upgraded 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 restated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 price target on shares of Kimberly Clark in a report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $126.00.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (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 business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the prior year, the firm posted $1.52 EPS. Kimberly Clark’s quarterly revenue was up 1.0% compared to the same quarter last year. research analysts predict that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors 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 3.27%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.03%.
Kimberly Clark 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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