Raymond James Financial Services Advisors Inc. increased its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 10.8% in the 4th quarter, Holdings Channel reports. The firm owned 112,874 shares of the company’s stock after acquiring an additional 11,016 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Kimberly Clark were worth $13,619,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. San Francisco Sentry Investment Group CA lifted its stake in Kimberly Clark by 2,385.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock valued at $117,000 after buying an additional 954 shares during the last quarter. Heritage Trust Co lifted its stake in Kimberly Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after buying an additional 100 shares during the last quarter. Shamrock Asset Management LLC lifted its stake in Kimberly Clark by 220.5% in the fourth quarter. Shamrock Asset Management LLC now owns 1,109 shares of the company’s stock valued at $134,000 after buying an additional 763 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in Kimberly Clark by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $155,000 after buying an additional 300 shares during the last quarter. Finally, MPS Loria Financial Planners LLC purchased a new stake in Kimberly Clark in the second quarter valued at approximately $150,000. Hedge funds and other institutional investors own 72.97% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Wednesday, January 10th. Citigroup set a $112.00 price objective on Kimberly Clark and gave the company a “sell” rating in a research note on Wednesday, January 24th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and boosted their price objective for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Finally, Deutsche Bank assumed coverage on Kimberly Clark in a research note on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $125.87.
Kimberly Clark (NYSE:KMB) last released its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The business had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. Kimberly Clark had a return on equity of 427.79% and a net margin of 12.48%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. sell-side analysts forecast that Kimberly Clark Corp will post 6.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be issued a $1.00 dividend. The ex-dividend date is Thursday, March 8th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.57%. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s payout ratio is presently 60.53%.
In other news, insider Kimberly K. Underhill sold 23,158 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $119.77, for a total value of $2,773,633.66. Following the transaction, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
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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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