Bank of Hawaii trimmed its stake in Kimberly Clark Corp (NYSE:KMB) by 3.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 49,505 shares of the company’s stock after selling 1,894 shares during the quarter. Bank of Hawaii owned approximately 14,073.52% of Kimberly Clark worth $5,826,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of KMB. Capital Research Global Investors lifted its stake in Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after buying an additional 3,191,549 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Kimberly Clark by 5,178.3% during the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after purchasing an additional 2,429,085 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Kimberly Clark by 305.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock valued at $259,496,000 after purchasing an additional 1,514,722 shares during the period. APG Asset Management N.V. increased its holdings in shares of Kimberly Clark by 35.9% during the third quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock valued at $322,672,000 after purchasing an additional 723,800 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Kimberly Clark by 83.7% during the second quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock valued at $183,043,000 after purchasing an additional 645,881 shares during the period. Institutional investors own 71.47% of the company’s stock.
A number of research analysts have recently commented on KMB shares. Jefferies Group reissued a “hold” rating and set a $119.00 price target on shares of Kimberly Clark in a report on Thursday, September 7th. Royal Bank of Canada reissued a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a report on Friday, September 8th. Macquarie started coverage on Kimberly Clark in a report on Friday, September 15th. They set a “neutral” rating and a $121.00 price target on the stock. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, JPMorgan Chase & Co. lowered Kimberly Clark from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $115.55 to $100.00 in a report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $126.00.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. Kimberly Clark’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 earnings per share. analysts anticipate that Kimberly Clark Corp will post 6.21 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s payout ratio is currently 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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