Investment Centers of America Inc. trimmed its stake in Kimberly Clark Corp (NYSE:KMB) by 9.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,445 shares of the company’s stock after selling 4,968 shares during the quarter. Investment Centers of America Inc.’s holdings in Kimberly Clark were worth $5,822,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Heritage Trust Co grew its stake in Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after buying an additional 100 shares during the period. Sterling Investment Advisors Ltd. grew its stake in Kimberly Clark by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after buying an additional 400 shares during the period. Armbruster Capital Management Inc. grew its stake in Kimberly Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after buying an additional 143 shares during the period. Mosaic Family Wealth LLC grew its stake in Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after buying an additional 6 shares during the period. Finally, Acrospire Investment Management LLC grew its stake in Kimberly Clark by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 71.47% of the company’s stock.
KMB has been the subject of several research reports. Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Citigroup reiterated a “hold” rating and set a $125.00 price objective (down from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Royal Bank of Canada reiterated a “hold” rating and set a $121.00 price objective on shares of Kimberly Clark in a research note on Friday, October 13th. Finally, Barclays restated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. 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. The stock presently has a consensus rating of “Hold” and an average target price of $126.00.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the 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 business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. analysts anticipate that Kimberly Clark Corp will post 6.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were paid a $0.97 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.28%. Kimberly Clark’s dividend payout ratio (DPR) is presently 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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