Toronto Dominion Bank Acquires 13,841 Shares of Kimberly Clark Corp (NYSE:KMB)

Toronto Dominion Bank raised its stake in Kimberly Clark Corp (NYSE:KMB) by 11.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,019 shares of the company’s stock after buying an additional 13,841 shares during the period. Toronto Dominion Bank’s holdings in Kimberly Clark were worth $16,123,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. New York State Common Retirement Fund lifted its holdings in shares of Kimberly Clark by 0.5% during the third quarter. New York State Common Retirement Fund now owns 968,625 shares of the company’s stock worth $113,988,000 after purchasing an additional 5,050 shares during the period. Sei Investments Co. lifted its holdings in shares of Kimberly Clark by 77.7% during the third quarter. Sei Investments Co. now owns 140,680 shares of the company’s stock worth $16,555,000 after purchasing an additional 61,531 shares during the period. Courier Capital LLC lifted its holdings in shares of Kimberly Clark by 29.9% during the third quarter. Courier Capital LLC now owns 25,518 shares of the company’s stock worth $3,003,000 after purchasing an additional 5,878 shares during the period. FDx Advisors Inc. lifted its holdings in shares of Kimberly Clark by 2.1% during the third quarter. FDx Advisors Inc. now owns 59,009 shares of the company’s stock worth $6,944,000 after purchasing an additional 1,230 shares during the period. Finally, Global X MANAGEMENT CO LLC lifted its holdings in shares of Kimberly Clark by 11.1% during the third quarter. Global X MANAGEMENT CO LLC now owns 4,961 shares of the company’s stock worth $584,000 after purchasing an additional 494 shares during the period. Hedge funds and other institutional investors own 71.47% of the company’s stock.

Shares of Kimberly Clark Corp (NYSE:KMB) opened at $112.70 on Friday. Kimberly Clark Corp has a 52 week low of $109.67 and a 52 week high of $136.21. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The firm 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 (NYSE:KMB) last posted 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. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. equities research analysts predict that Kimberly Clark Corp will post 6.21 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.03%.

A number of brokerages have recently commented on KMB. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Bank of America lowered their target price on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. Citigroup downgraded shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price for the company. in a research note on Monday, December 11th. Deutsche Bank began 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 for the company. Finally, Wells Fargo & Co lowered their target price on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $126.50.

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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.

Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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