Kimberly Clark Corp (KMB) Holdings Lifted by Schaper Benz & Wise Investment Counsel Inc. WI
Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,382 shares of the company’s stock after purchasing an additional 1,991 shares during the period. Kimberly Clark comprises 2.9% of Schaper Benz & Wise Investment Counsel Inc. WI’s holdings, making the stock its 2nd largest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Kimberly Clark were worth $18,403,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in KMB. Capital Research Global Investors grew its position in shares of 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 purchasing an additional 3,191,549 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Kimberly Clark by 5,178.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after acquiring an additional 2,429,085 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Kimberly Clark by 305.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after acquiring an additional 1,514,722 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Kimberly Clark by 35.9% during the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after acquiring an additional 723,800 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Kimberly Clark by 83.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock worth $183,043,000 after acquiring an additional 645,881 shares during the period. Hedge funds and other institutional investors own 71.47% of the company’s stock.
A number of brokerages have recently weighed in on KMB. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Jefferies Group reaffirmed a “hold” rating and set a $119.00 price target on shares of Kimberly Clark in a report on Thursday, September 7th. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and upped their price target for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Finally, Deutsche Bank began coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target for the company. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $126.00.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters’ 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 firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. equities analysts expect that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s payout ratio is 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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