Guyasuta Investment Advisors Inc. grew its holdings in Kimberly Clark Corp (NYSE:KMB) by 5.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,014 shares of the company’s stock after buying an additional 673 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Kimberly Clark were worth $1,649,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Heritage Trust Co increased its position in shares of Kimberly Clark by 11.2% in the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after buying an additional 100 shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in shares of Kimberly Clark by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after buying an additional 400 shares in the last quarter. Armbruster Capital Management Inc. increased its position in shares of Kimberly Clark by 15.9% in the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after buying an additional 143 shares in the last quarter. Mosaic Family Wealth LLC increased its position in shares of Kimberly Clark by 0.5% in the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after buying an additional 6 shares in the last quarter. Finally, MPS Loria Financial Planners LLC purchased a new stake in shares of Kimberly Clark in the second quarter valued at approximately $150,000. Institutional investors and hedge funds own 71.47% of the company’s stock.
Shares of Kimberly Clark Corp (NYSE KMB) opened at $118.43 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The stock has a market capitalization of $41,183.75, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.91 and a beta of 0.75. Kimberly Clark Corp has a twelve month low of $109.67 and a twelve month high of $136.21.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. equities research analysts anticipate that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s payout ratio is currently 64.03%.
KMB has been the subject of several research reports. JPMorgan Chase & Co. cut Kimberly Clark from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and boosted their price target for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Citigroup cut Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target for the company. in a research report on Monday, December 11th. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Deutsche Bank initiated coverage on Kimberly Clark in a research report on Wednesday, December 13th. They set a “hold” rating and a $121.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $126.00.
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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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