Rocky Mountain Advisers LLC raised its stake in Kimberly Clark Corp (NYSE:KMB) by 46.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,200 shares of the company’s stock after purchasing an additional 700 shares during the period. Kimberly Clark comprises 1.0% of Rocky Mountain Advisers LLC’s investment portfolio, making the stock its 22nd biggest position. Rocky Mountain Advisers LLC’s holdings in Kimberly Clark were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of KMB. Profund Advisors LLC increased its holdings in shares of Kimberly Clark by 5.2% in the 4th quarter. Profund Advisors LLC now owns 9,037 shares of the company’s stock valued at $1,090,000 after acquiring an additional 445 shares during the last quarter. ETRADE Capital Management LLC increased its holdings in shares of Kimberly Clark by 1.9% in the 4th quarter. ETRADE Capital Management LLC now owns 23,896 shares of the company’s stock valued at $2,883,000 after acquiring an additional 454 shares during the last quarter. CWA Asset Management Group LLC grew its stake in Kimberly Clark by 1.7% during the 4th quarter. CWA Asset Management Group LLC now owns 26,717 shares of the company’s stock worth $3,224,000 after buying an additional 457 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in Kimberly Clark by 1.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 41,666 shares of the company’s stock worth $5,027,000 after buying an additional 500 shares during the last quarter. Finally, Tiemann Investment Advisors LLC grew its stake in Kimberly Clark by 16.2% during the 1st quarter. Tiemann Investment Advisors LLC now owns 3,590 shares of the company’s stock worth $395,000 after buying an additional 500 shares during the last quarter. 73.35% of the stock is currently owned by institutional investors.
KMB has been the topic of a number of research reports. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Wednesday, April 11th. JPMorgan Chase & Co. dropped their price target on Kimberly Clark from $104.00 to $86.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 24th. Citigroup set a $94.00 price target on Kimberly Clark and gave the stock a “sell” rating in a research note on Tuesday, April 24th. Wells Fargo & Co dropped their price target on Kimberly Clark from $117.00 to $108.00 and set a “market perform” rating on the stock in a research note on Thursday, April 19th. Finally, Barclays set a $119.00 price target on Kimberly Clark and gave the stock a “hold” rating in a research note on Thursday, March 15th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Kimberly Clark presently has a consensus rating of “Hold” and an average target price of $118.14.
Shares of KMB traded down $0.93 during mid-day trading on Thursday, hitting $101.96. The company’s stock had a trading volume of 20,005 shares, compared to its average volume of 2,459,182. The company has a debt-to-equity ratio of 10.96, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market capitalization of $36.20 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.16 and a beta of 0.67. Kimberly Clark Corp has a 1-year low of $97.10 and a 1-year high of $134.29.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, April 23rd. The company reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly Clark had a return on equity of 398.41% and a net margin of 9.77%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. research analysts anticipate that Kimberly Clark Corp will post 6.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Friday, June 8th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $4.00 annualized dividend and a dividend yield of 3.92%. Kimberly Clark’s dividend payout ratio is currently 64.21%.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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