Outfitter Advisors LTD. Has $4.62 Million Stake in Kimberly Clark Corp (KMB)
Outfitter Advisors LTD. reduced its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,225 shares of the company’s stock after selling 485 shares during the quarter. Kimberly Clark accounts for about 1.6% of Outfitter Advisors LTD.’s holdings, making the stock its 19th biggest position. Outfitter Advisors LTD.’s holdings in Kimberly Clark were worth $4,616,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of KMB. Coldstream Capital Management Inc. lifted its position in shares of Kimberly Clark by 0.3% during the second quarter. Coldstream Capital Management Inc. now owns 1,597 shares of the company’s stock valued at $206,000 after purchasing an additional 5 shares in the last quarter. Mosaic Family Wealth LLC raised its position in Kimberly Clark by 0.5% in the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after acquiring an additional 6 shares during the period. Winch Advisory Services LLC raised its position in Kimberly Clark by 0.6% in the second quarter. Winch Advisory Services LLC now owns 1,404 shares of the company’s stock worth $181,000 after acquiring an additional 8 shares during the period. Jackson Grant Investment Advisers Inc. raised its position in Kimberly Clark by 0.6% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,480 shares of the company’s stock worth $320,000 after acquiring an additional 14 shares during the period. Finally, Stratford Consulting LLC raised its position in Kimberly Clark by 0.7% in the second quarter. Stratford Consulting LLC now owns 2,034 shares of the company’s stock worth $263,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 71.47% of the company’s stock.
Shares of Kimberly Clark Corp (KMB) opened at $120.66 on Friday. Kimberly Clark Corp has a 12-month low of $109.67 and a 12-month high of $136.21. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The stock has a market cap of $42,580.00, a P/E ratio of 19.91, a PEG ratio of 3.13 and a beta of 0.76.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. sell-side analysts expect that Kimberly Clark Corp will post 6.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.03%.
KMB has been the topic of several research reports. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 price objective on shares of Kimberly Clark in a research report on Friday, September 8th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $119.00 price objective on shares of Kimberly Clark in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued 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 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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