New York State Common Retirement Fund increased its position in Kimberly Clark Corp (NYSE:KMB) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 968,625 shares of the company’s stock after purchasing an additional 5,050 shares during the period. New York State Common Retirement Fund owned approximately 0.28% of Kimberly Clark worth $113,988,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Sei Investments Co. lifted its stake in Kimberly Clark by 77.7% during the 3rd quarter. Sei Investments Co. now owns 140,680 shares of the company’s stock valued at $16,555,000 after acquiring an additional 61,531 shares in the last quarter. Courier Capital LLC lifted its stake in Kimberly Clark by 29.9% during the 3rd quarter. Courier Capital LLC now owns 25,518 shares of the company’s stock valued at $3,003,000 after acquiring an additional 5,878 shares in the last quarter. FDx Advisors Inc. lifted its stake in Kimberly Clark by 2.1% during the 3rd quarter. FDx Advisors Inc. now owns 59,009 shares of the company’s stock valued at $6,944,000 after acquiring an additional 1,230 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its stake in Kimberly Clark by 11.1% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 4,961 shares of the company’s stock valued at $584,000 after acquiring an additional 494 shares in the last quarter. Finally, Alps Advisors Inc. lifted its stake in Kimberly Clark by 5.4% during the 3rd quarter. Alps Advisors Inc. now owns 384,600 shares of the company’s stock valued at $45,260,000 after acquiring an additional 19,587 shares in the last quarter. Institutional investors own 71.47% of the company’s stock.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Bank of America dropped their price objective on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a research note on Monday, December 11th. Deutsche Bank assumed coverage on Kimberly Clark in a research note on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Finally, Wells Fargo & Co lowered their target price on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $126.00.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts forecast that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) 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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