Camden National Bank Has $7.23 Million Position in Kimberly Clark Corp (KMB)

Camden National Bank increased its position in Kimberly Clark Corp (NYSE:KMB) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,435 shares of the company’s stock after purchasing an additional 1,641 shares during the period. Kimberly Clark makes up approximately 2.1% of Camden National Bank’s holdings, making the stock its 25th biggest position. Camden National Bank’s holdings in Kimberly Clark were worth $7,230,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its stake in Kimberly Clark by 0.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,597 shares of the company’s stock valued at $206,000 after acquiring an additional 5 shares during the period. Mosaic Family Wealth LLC lifted its stake in 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 acquiring an additional 6 shares during the period. Winch Advisory Services LLC lifted its stake in Kimberly Clark by 0.6% during the 2nd quarter. Winch Advisory Services LLC now owns 1,404 shares of the company’s stock valued at $181,000 after acquiring an additional 8 shares during the period. Jackson Grant Investment Advisers Inc. lifted its stake in Kimberly Clark by 0.6% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 2,480 shares of the company’s stock valued at $320,000 after acquiring an additional 14 shares during the period. Finally, Stratford Consulting LLC lifted its stake in Kimberly Clark by 0.7% during the 2nd quarter. Stratford Consulting LLC now owns 2,034 shares of the company’s stock valued at $263,000 after acquiring an additional 15 shares during the period. Institutional investors own 71.47% of the company’s stock.

KMB has been the topic of several research analyst reports. JPMorgan Chase & Co. cut shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and upped their target price for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Citigroup cut shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research note on Monday, December 11th. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Deutsche Bank initiated coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $126.00.

Kimberly Clark Corp (KMB) opened at $118.43 on Friday. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The firm has a market cap of $41,183.75, a P/E ratio of 19.54, a PEG ratio of 2.91 and a beta of 0.75.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. research analysts expect that Kimberly Clark Corp will post 6.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.03%.

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About Kimberly Clark

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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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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