Kimberly Clark Corp (KMB) Shares Sold by S. R. Schill & Associates
S. R. Schill & Associates cut its stake in Kimberly Clark Corp (NYSE:KMB) by 38.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the company’s stock after selling 1,300 shares during the period. S. R. Schill & Associates’ holdings in Kimberly Clark were worth $253,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Martin Investment Management LLC acquired a new stake in shares of Kimberly Clark in the second quarter valued at approximately $443,000. Capital Research Global Investors grew its position in shares of Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after purchasing an additional 3,191,549 shares during the last quarter. Pax World Management LLC boosted its position in Kimberly Clark by 7.7% during the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after acquiring an additional 200 shares during the last quarter. Boston Family Office LLC boosted its position in Kimberly Clark by 0.8% during the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after acquiring an additional 90 shares during the last quarter. Finally, Strategy Asset Managers LLC boosted its position in Kimberly Clark by 80.0% during the second quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after acquiring an additional 1,390 shares during the last quarter. 71.82% of the stock is owned by institutional investors.
A number of analysts recently issued reports on KMB shares. Zacks Investment Research lowered shares of Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Citigroup restated a “hold” rating and set a $125.00 target price (down previously from $131.00) on shares of Kimberly Clark in a research report on Tuesday, October 24th. Wells Fargo & Co decreased their target price on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Finally, Bank of America decreased their target price on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $126.44.
Kimberly Clark Corp (NYSE KMB) opened at $111.44 on Friday. The firm has a market cap of $39,082.68, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 2.02 and a beta of 0.66. Kimberly Clark Corp has a 1-year low of $109.51 and a 1-year high of $136.21. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 7.34.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.61 billion. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. Kimberly Clark’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business earned $1.45 EPS. equities research analysts expect that Kimberly Clark Corp will post 6.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 9th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. Kimberly Clark’s dividend payout ratio (DPR) is 60.53%.
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Kimberly Clark Company 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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