Juncture Wealth Strategies LLC decreased its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,000 shares of the company’s stock after selling 700 shares during the period. Juncture Wealth Strategies LLC’s holdings in Kimberly Clark were worth $706,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. PGGM Investments lifted its holdings in Kimberly Clark by 2.8% during the third quarter. PGGM Investments now owns 644,089 shares of the company’s stock worth $75,796,000 after acquiring an additional 17,620 shares during the period. Shell Asset Management Co. lifted its holdings in Kimberly Clark by 394.2% during the third quarter. Shell Asset Management Co. now owns 286,618 shares of the company’s stock worth $30,831,000 after acquiring an additional 228,624 shares during the period. Sit Investment Associates Inc. bought a new stake in Kimberly Clark during the third quarter worth $580,000. Wealth Enhancement Advisory Services LLC bought a new stake in Kimberly Clark during the third quarter worth $823,000. Finally, Fulton Bank N.A. lifted its holdings in Kimberly Clark by 33.7% during the third quarter. Fulton Bank N.A. now owns 23,770 shares of the company’s stock worth $2,797,000 after acquiring an additional 5,985 shares during the period. 71.61% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. 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 report on Tuesday, October 24th. Citigroup lowered Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 target price on the stock. in a research note on Monday. Wells Fargo & Company lowered their target price on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Finally, Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and boosted their target price for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $126.36.
Shares of Kimberly Clark Corp (KMB) traded down $1.62 during midday trading on Tuesday, hitting $118.49. The stock had a trading volume of 2,048,800 shares, compared to its average volume of 1,817,308. The stock has a market capitalization of $42,242.54, a PE ratio of 19.66, a PEG ratio of 3.12 and a beta of 0.76. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97.
Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. analysts predict that Kimberly Clark Corp will post 6.2 EPS for the current fiscal year.
The business 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 3.27%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.03%.
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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