Bollard Group LLC increased its stake in Kimberly Clark Corp (NYSE:KMB) by 5.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,750 shares of the company’s stock after acquiring an additional 1,370 shares during the quarter. Bollard Group LLC’s holdings in Kimberly Clark were worth $3,030,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Kimberly Clark by 2.2% in the second quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after buying an additional 537,794 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Kimberly Clark by 3.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock valued at $731,643,000 after acquiring an additional 181,517 shares in the last quarter. Federated Investors Inc. PA raised its holdings in Kimberly Clark by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock valued at $421,692,000 after acquiring an additional 55,108 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in Kimberly Clark by 35.9% in the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock valued at $322,672,000 after acquiring an additional 723,800 shares in the last quarter. Institutional investors and hedge funds own 71.47% of the company’s stock.
KMB has been the topic of a number of research analyst reports. Bank of America decreased their price target on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $121.00 price objective on shares of Kimberly Clark in a report on Friday, October 13th. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. JPMorgan Chase & Co. downgraded Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their price target for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Finally, Citigroup cut their price target on Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $126.50.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The business 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 firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. research analysts forecast that Kimberly Clark Corp will post 6.21 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were paid a dividend of $0.97 per share. The ex-dividend date was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.44%. Kimberly Clark’s payout ratio is presently 64.03%.
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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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