Bronfman E.L. Rothschild L.P. lifted its position in shares of Kimberly Clark Corp (NYSE:KMB) by 37.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,152 shares of the company’s stock after purchasing an additional 3,869 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Kimberly Clark were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Kimberly Clark by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after acquiring an additional 537,794 shares during the period. Capital Research Global Investors increased its stake in Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares during the period. Wells Fargo & Company MN increased its stake in Kimberly Clark by 3.3% during the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after acquiring an additional 181,517 shares during the period. Federated Investors Inc. PA boosted its holdings in shares of Kimberly Clark by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock valued at $421,692,000 after purchasing an additional 55,108 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of Kimberly Clark by 35.9% in the 3rd 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 in the last quarter. Institutional investors own 71.47% of the company’s stock.
A number of brokerages have weighed in on KMB. Zacks Investment Research downgraded Kimberly Clark from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Bank of America cut their price objective on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Barclays reissued a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Citigroup reissued a “hold” rating and set a $125.00 price objective (down previously from $131.00) on shares of Kimberly Clark in a report on Tuesday, October 24th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $121.00 price objective on shares of Kimberly Clark in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Kimberly Clark has an average rating of “Hold” and an average target price of $126.00.
Kimberly Clark (NYSE:KMB) last posted 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 return on equity of 666.97% and a net margin of 11.89%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the company posted $1.52 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. research analysts predict that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.03%.
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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