Golub Group LLC grew its position in Kimberly Clark Corp (NYSE:KMB) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,860 shares of the company’s stock after acquiring an additional 1,220 shares during the period. Golub Group LLC’s holdings in Kimberly Clark were worth $1,160,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Isthmus Partners LLC increased its holdings in shares of Kimberly Clark by 19.1% in the third quarter. Isthmus Partners LLC now owns 59,300 shares of the company’s stock valued at $6,978,000 after purchasing an additional 9,506 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Kimberly Clark in the third quarter valued at approximately $484,000. Smith Moore & CO. increased its holdings in shares of Kimberly Clark by 10.4% in the third quarter. Smith Moore & CO. now owns 14,535 shares of the company’s stock valued at $1,711,000 after purchasing an additional 1,374 shares in the last quarter. Becker Capital Management Inc. increased its holdings in shares of Kimberly Clark by 25.7% in the third quarter. Becker Capital Management Inc. now owns 2,486 shares of the company’s stock valued at $293,000 after purchasing an additional 509 shares in the last quarter. Finally, One Capital Management LLC increased its holdings in shares of Kimberly Clark by 7.5% in the third quarter. One Capital Management LLC now owns 17,676 shares of the company’s stock valued at $2,080,000 after purchasing an additional 1,228 shares in the last quarter. 71.47% of the stock is owned by institutional investors and hedge funds.
KMB has been the subject of a number of analyst reports. Jefferies Group reaffirmed a “hold” rating and set a $119.00 target price on shares of Kimberly Clark in a report on Thursday, September 7th. Macquarie initiated coverage on shares of Kimberly Clark in a report on Friday, September 15th. They set 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 target price on shares of Kimberly Clark in a report on Friday, September 8th. Finally, JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $126.00.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) 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 company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. sell-side analysts expect that Kimberly Clark Corp will post 6.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is 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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