Conning Inc. boosted its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 12.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 292,031 shares of the company’s stock after buying an additional 32,742 shares during the period. Conning Inc. owned approximately 0.08% of Kimberly Clark worth $34,366,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Heritage Trust Co raised its holdings in Kimberly Clark by 11.2% in the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after acquiring an additional 100 shares in the last quarter. Sterling Investment Advisors Ltd. raised its holdings in Kimberly Clark by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after acquiring an additional 400 shares in the last quarter. Armbruster Capital Management Inc. raised its holdings in Kimberly Clark by 15.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after acquiring an additional 143 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in shares of Kimberly Clark by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after buying an additional 6 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in shares of Kimberly Clark by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after buying an additional 300 shares in the last quarter. 71.47% of the stock is currently owned by institutional investors.
A number of equities analysts have recently issued reports on KMB shares. Macquarie initiated coverage on Kimberly Clark in a report on Friday, September 15th. They issued a “neutral” rating and a $121.00 target price for the company. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a report on Friday, October 13th. JPMorgan Chase & Co. lowered Kimberly Clark from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup reiterated a “hold” rating and issued a $125.00 price objective (down from $131.00) on shares of Kimberly Clark in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. Kimberly Clark presently has a consensus rating of “Hold” and a consensus price target of $126.50.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company posted $1.52 earnings per share. Kimberly Clark’s quarterly revenue was up 1.0% on a year-over-year basis. research analysts anticipate that Kimberly Clark Corp will post 6.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend 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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