Laurel Wealth Advisors Inc. lessened its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,182 shares of the company’s stock after selling 11 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Kimberly-Clark were worth $2,089,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in KMB. Heritage Trust Co raised its position in shares of 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 buying an additional 100 shares during the period. Sterling Investment Advisors Ltd. raised its position in shares of 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 buying an additional 400 shares during the period. Armbruster Capital Management Inc. raised its position in shares of 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 buying an additional 143 shares during the period. Mosaic Family Wealth LLC raised its position in shares of 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 buying an additional 6 shares during the period. Finally, Acrospire Investment Management LLC raised its position in shares of Kimberly-Clark by 33.3% during the 2nd 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 period. 71.61% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on KMB. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America cut their target price 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. Wells Fargo & Company cut their target price on Kimberly-Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Citigroup cut their target price on Kimberly-Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Finally, Societe Generale raised Kimberly-Clark from a “hold” rating to a “buy” rating and boosted their target price for the company from $112.05 to $144.00 in a research report on Thursday, November 2nd. Two 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’s stock. Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $127.14.
Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly-Clark had a net margin of 11.89% and a return on equity of 666.97%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 earnings per share. analysts predict that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be paid a $0.97 dividend. The ex-dividend date is Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.18%. Kimberly-Clark’s dividend payout ratio (DPR) is 64.03%.
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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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