Perpetual Ltd increased its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 31.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,800 shares of the company’s stock after acquiring an additional 900 shares during the period. Perpetual Ltd’s holdings in Kimberly Clark were worth $491,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. MPS Loria Financial Planners LLC bought a new stake in Kimberly Clark during the 2nd quarter valued at $150,000. Burgundy Asset Management Ltd. increased its position in shares of Kimberly Clark by 1.6% during the second quarter. Burgundy Asset Management Ltd. now owns 469,572 shares of the company’s stock worth $60,626,000 after purchasing an additional 7,353 shares in the last quarter. W. E. Donoghue & Co. LLC acquired a new stake in shares of Kimberly Clark during the second quarter worth about $16,047,000. Intl Fcstone Inc. acquired a new stake in shares of Kimberly Clark during the second quarter worth about $1,946,000. Finally, M Holdings Securities Inc. acquired a new stake in shares of Kimberly Clark during the second quarter worth about $248,000. 71.61% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the company. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research report on Monday. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and boosted their price target for the company from $112.05 to $144.00 in a research report on Thursday, November 2nd. Barclays restated a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Finally, Bank of America dropped their price target on 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 investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. Kimberly Clark currently has an average rating of “Hold” and a consensus price target of $126.36.
Kimberly Clark Corp (KMB) traded up $0.35 during midday trading on Monday, reaching $120.11. The company’s stock had a trading volume of 1,520,500 shares, compared to its average volume of 1,816,330. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. Kimberly Clark Corp has a 52 week low of $109.67 and a 52 week high of $136.21. The firm has a market cap of $42,250.00, a PE ratio of 19.66, a price-to-earnings-growth ratio of 3.12 and a beta of 0.76.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 EPS. research analysts predict that Kimberly Clark Corp will post 6.2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is 64.03%.
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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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